WHAT IS STRATEGIC MANAGEMENT

   
assalamualaikum...this is my first time post in my blog.. i will tell about strategic management.

   Strategic management analyzes the major initiatives taken by a company's top management on behalf of owners, involving resources and performance in internal and external environments.It entails specifying the organization's mission, vision and objectives, developing policies and plans, often in terms of projects and programs, which are designed to achieve these objectives, and then allocating resources to implement the policies and plans, projects and programs. A balanced scorecard is often used to evaluate the overall performance of the business and its progress towards objectives. Recent studies and leading management theorists have advocated that strategy needs to start with stakeholders expectations and use a modified balanced scorecard which includes all stakeholders.

 assalamualaikum..this is my second post in my blog today i want to post about what i have learn from strategic management class.our lecture name is Ummi  Salwa as we called her as Miss Ummi.She was actually asked from us to share what we have learn from our lecture classes.

   In the first lecture, Miss Ummi asked us to built a tower from newspaper within 10 minutes. We are asked to built a strong tower from newspeper with any item we have. All students are excited to do this activity.After ten minute, all tower must placed at the front of the class. One by one tower rejected by Miss Ummi. The essence of the activity is basically a good strategic followed by an cooperation from group members. we have discuss what is strategic management. we also have been given assignment. So after that class we all get new knowledge. Then after this i will try my best for next class.