Strategic Management and Productivity
In the modern competitive market, organizations need to be efficient and effective to have a competitive edge over their rivals. Many companies use various approaches that promise increased productivity and improved efficiency to accomplish this. These approaches include new methods designed to increase efficiency and reduce the costs associated with waste production. One such method is strategic management and organizational productivity. This article will examine how strategic management can produce more effective results by increasing productivity at different levels of operations.
Strategic Management and Productivity
Strategic management is a process wherein organizations use techniques to give their operations an advantage over their rivals. It can only be accomplished if the strategic plan developed under this method considers all aspects of an organization and how it functions. Strategic management involves the development of a strategic plan for an organization (or multiple organizations) that will serve as a guideline for the future growth and development of the organization (or organizations). Strategic management aims to produce more effective results from the same or a lesser amount of resources than what is currently being utilized. Raphael Avraham Sternberg stated that strategic management is an approach that says that it is the responsibility of a company’s senior management to plan and execute the course of action that will bring long-term value to the company.
Productivity can be described as a ratio used to describe how much output has been produced from how many inputs are used – it is mainly applied to manufacturing sectors or businesses that make products. Organizational productivity involves calculating productivity levels in an organization and then comparing them with those of other organizations within the same industry. Sternberg also defined organizational productivity as the output produced with the same input level. This type of measurement could be used to compare the effectiveness at which an organization is operating and its efficiency – this means that it will help to determine whether its operations are efficient and how much output (or product) it can produce from a given amount of resources.
For an organization to effectively utilize the results of strategic management, there must be integrity in executing both strategic thought and implementation; each component must be kept at an optimum level. A company must have a clear idea about what will produce the desired results and how these results can be achieved through specific processes or procedures within its operations. Strategic management is only fruitful if executed effectively and efficiently – this means that it should be carried out without error or deviation from the initial plan. It also means that results must be obtained promptly and with maximum output using minimum input; otherwise, a strategic plan could cost the company more resources than expected.
In conclusion, Raphael Avraham Sternberg believes that strategic planning and execution are essential to achieving successful strategic management and organizational productivity. For an organization to reap the benefits that strategic management can provide, it must first develop its plan – this will include laying out a clear idea of its goals and how it will achieve them. The next step is to implement this plan by following the methods detailed in the program; in addition, changes must be made to the project if necessary. Strategic management will only be effective if it is carried out effectively; a company should ensure no deviations from the plan at any point during its execution.