3.One of the major Functions Of Strategic Management is to instil change in the organization or what is called the strategic implementation. Strategic implementation in an organization is faced with many challenges such as workers refusing to have changes in the organization. At such time, it is difficult for an organization to achieve its goals. However, Functions Of Strategic Management help to come up with a strategy addressing the influential people such that they will be able to motivate other employees into accepting the change. 4.The last main Functions Of Strategic Management is to check or to monitor the success of the strategies already put. Monitoring involves checking if the strategies are performing in accordance to the expectation of the top manager. If the set strategies are not performing as expected, then the problems affecting the success can be addressed and necessary measures put to bring the strategy on track.
1.Strategic management takes into account the future and anticipates for it. 2.A strategy is made on rational and logical manner, thus its efficiency and its success are ensured. 3.Strategic management reduces frustration because it has been planned in such a way that it follows a procedure. 4.It brings growth in the organization because it seeks opportunities. 5.With strategic management organizations can avoid helter & skelter and they can work directionally. 6.Strategic management also adds to the reputation of the organization because of consistency that results from organizations success.
7.Often companies draw to a close because of lack of proper strategy to run it. With strategic management companies can foresee the events in future and thats why they can remain stable in the market. 8.Strategic management looks at the threats present in the external environment and thus companies can either work to get rid of them or else neutralizes the threats in such a way that they become an opportunity for their success. 9.Strategic management focuses on proactive approach which enables organization to grasp every opportunity that is available in the market.