Page 61 - Introduction to strategic management

15- Benefits of Strategic

Management

The following are the benefits of strategic management:

Strategic management helps to enhance the problem solving
and problem preventing capabilities of the firms.

Strategic management is essential as it helps firms to rationalize
change and actualize change and communicate the need to change
better to its employees.

It helps organizations to make more informed decisions because they
have considered both the short term and long-term consequences.

Strategic management helps organizations in having a control over the
future due to forward looking planning and careful evaluation of their

priorities.

Strategic management helps an organization to become more aware
of the external threats, understand the competitor strengths and
weaknesses and increase employee productivity.

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