The first role of management strategy is to act as the key for regulating the various type of decision making that takes place in any industry. The role of management strategy is limited to providing of guidelines for decision making or providing the determining rules for this purpose.
The organizational activity of any enterprise is based upon the cooperative working of its constituting member. However, the integration of decision making of the constituting members becomes very important for making the cooperative working possible. The strategic management provides the guidelines for this integration as well as for regulating the process of decision making.
The existence of consistent conception makes it possible to achieve bigger results because any decision making performed at a certain point of time or in a particular division is repeated at some other point of time or in a different division on the same pattern.
Further, some actions take place because the plan exists. These behaviours could not have been seen in the absence of a clear plan. Further, because of the plan, the behaviour also keeps on changing. The strategy in the form of plan forms the guidelines for time-wise and space-wise regulation of decision making in the organization.
The organizational activity of any enterprise is based upon the cooperative working of its constituting member. However, the integration of decision making of the constituting members becomes very important for making the cooperative working possible. The strategic management provides the guidelines for this integration as well as for regulating the process of decision making.
The existence of consistent conception makes it possible to achieve bigger results because any decision making performed at a certain point of time or in a particular division is repeated at some other point of time or in a different division on the same pattern.
Further, some actions take place because the plan exists. These behaviours could not have been seen in the absence of a clear plan. Further, because of the plan, the behaviour also keeps on changing. The strategy in the form of plan forms the guidelines for time-wise and space-wise regulation of decision making in the organization.