Archive for February 5th, 2007

Elements of “Strategic Management”

0 Comments Published by Oliver February 5th, 2007 in More theory

Due to specific disadvantages (e.g. over-formalized-process, lack of co-operation between HQ/planners and business units) the concept of strategic planning was advanced to another more comprehensive concept in the 1980s. The comprehensive concept is called “strategic management”. In comparison to the logic-rational elements of strategic planning the following additional elements are considered within strategic management:

A corporate vision is […]