TOP MANAGEMENT - PLANNING AND STRATEGY

Organizations need to establish a strategic framework for significant success. This framework consists of:
• a vision for your future
• a mission that defines what you are doing
• values that shape your actions
• strategies that zero in on your key success approaches
• goals and action plans to guide your daily, weekly and monthly actions.
The organization\'s success depends on how well you define each of these important concepts.
Strategic management thinking is limited in both the large conglomerate and in the small entrepreneurial firm. In the large firm, operations should be decentralized into managable units for optimum performance. In the small firm, on the other hand, the use of flexible management styles and tactics replace the long term thinking enjoyed by larger rivals, especially in fast moving environments.