Strategic Management Action: Strategic Position, Choices, And Strategy Implementation

Strategic management is stated to be the "process by which an organization formulates its objectives and manages to achieve them. Strategy is the means to achieve the organizational ends." (Thomas, nd) Managers are required to have a strategic vision in order to become strategic managers and implement strategic management initiatives. The strategic vision of the manager is inclusive of the following elements:

(1) The ability to solve complex and more complex problems;

(2) The knowledge to be more anticipatory in perspective and approach, and (3) The willingness to develop options for the future. (Thomas, nd)

The work of Peter Drucker states that the primary task of strategic management is the focus on the business overall mission and states:

"…that is, of asking the question What is our Business? This leads to the setting of objectives, the development of strategies, and the...
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