Strategic management is directly related to the leader's conduct of business, in addition to their routine activities.
It is important that the executive can observe and interpret the development of the market in which he operates, such as changes in society, culture and the economy, in order to lead the company in accordance with the macro vision of the environment.
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Although this step is simple in theory, in practice it is not quite like that. This is because the daily routine of managing a business is arduous and challenging. Leaders are constantly “putting out fires” and are not always able to dedicate time to analyzing external influencing factors.
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To increase the company's competitiveness and have efficient south korea whatsapp data strategic management, the ideal is to find a balance between managing the daily routine and having a microscopic view of the company and the macro environment.
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The importance of strategic leadership
One of the reasons why many companies fail is due to a lack of understanding of the external scenario.
A leader who does not envision an economic scenario because he has not realized the existence of a new technology or business model will become obsolete and harm the organization's performance, in addition to compromising the effectiveness of its management.
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Associating strategic management with leadership is essential for good business performance. To achieve this, it is recommended that managers rely on management methods such as performance indicator panels, such as the BSC (Balanced Scorecard).
Thus, as it conducts the performance measures, the organization begins to look at the consistent strategy and demonstrate the results that need to be achieved, evaluating the efficiency of the paths that the company has been adopting to become more competitive in the market.