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Stages Of A Strategic Management Model

Author

Listed:
  • Mihaela – Lavinia CIOBANICA

    (Faculty of Accounting and Financial Management, Constanta, SPIRU HARET University, Romania)

Abstract

In the literature dedicated to strategic management there is no unitary vision of the authors regarding the sequence of actions that give content to the respective process and what their stages are. With all existing differences, the visions of different authors nevertheless observe the unitary logic of developing a series of actions. These actions begin with the competitive environment analysis in which the organization operates and with the establishment of its strategic mission and they end with the performance evaluation after the strategy has been applied and, if appropriate, with the reconsidering of this strategy and the making of the necessary corrections to it. Such a basic structure of the process is adopted in most organizations that practice the strategic management. But noticeable differences appear in the degree of the formalization of the process and in the involvement of different managerial levels in the designing and detailing of its components.

Suggested Citation

  • Mihaela – Lavinia CIOBANICA, 2014. "Stages Of A Strategic Management Model," SEA - Practical Application of Science, Romanian Foundation for Business Intelligence, Editorial Department, issue 4, pages 35-46, July.
    • Handle: RePEc:cmj:seapas:y:2014:i:4:p:35-46
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    More about this item

    Keywords

    Performance; Model; Strategy; Competitive advantage; Mission;
    All these keywords.

    JEL classification:

    • M10 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - General

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