In today’s society, various organisations like industry, hospitals and Government offices etc. are performing the activities with specific purposes. One has to adapt to the surrounding environment for the continuous sustenance of the organisational set up. However, the change in the present day social environment is very severe and is full of uncertainly.
The long existence of the organisation itself as well as their further expansion cannot be accomplished just through the daily routine type decision making under such a state of affairs. In fact, it has become important to detect the opportunities and the threats from the changes and develop the capability to handle these opportunities and threats. Management strategy forms the key for such capabilities.
Management strategy is applicable not only to the industry, it has become equally important for the Government offices, hospitals and schools. However, most of the study which has been carried out with regard to the management strategy deals with analysis of industry. Industry has to face very severe competition on day-to-day basis and the standards regarding the evaluation of its results are also very clearly defined. The study of management strategy in relation to industry has also grown equally.
The long existence of the organisation itself as well as their further expansion cannot be accomplished just through the daily routine type decision making under such a state of affairs. In fact, it has become important to detect the opportunities and the threats from the changes and develop the capability to handle these opportunities and threats. Management strategy forms the key for such capabilities.
Management strategy is applicable not only to the industry, it has become equally important for the Government offices, hospitals and schools. However, most of the study which has been carried out with regard to the management strategy deals with analysis of industry. Industry has to face very severe competition on day-to-day basis and the standards regarding the evaluation of its results are also very clearly defined. The study of management strategy in relation to industry has also grown equally.