Study Strategically to be a Successful MBA
By @Manisha Rewani
Strategy is the art of planning and directing overall operations. Strategic management is defined as the process by which an organization manages its resources in order to meet its goals through planning, oversight, monitoring, and analysis. Strategic management is integral to the present-day business studies. This is because the world of business has become increasingly complex, volatile and competitive. The modern manager has to be able to strategize and execute strategies that will catapult the organization to the forefront.
Identifying Direction
The first step required for a successful MBA is the clear vision and direction. Before developing plans, a student should determine its short- and long-term objectives.
Analyzing Resources
An Individual must arrange its resources to carry out specific tasks. Resource Analysis is designed to give you in-depth insights into your resources capacity.
Framing Strategies
After selecting the best resource for every process, the next step is an action plan for accomplishing the goal. This strategic planning consists of elements needed to achieve the set objectives effectively.
Implementing Strategies
Following the strategy development based on the personal objectives, the next stage is to execute them. It will bring core competencies into action for the best possible output.
Evaluating Effectiveness
The review of strategies is the final step in the process. Looking into each aspect of the competency behavior during the strategy formulation and implementation helps the management identify the efforts of every individual.
Manisha Rewani [MBA]
Manager Mktg
AirCrews Aviation Pvt. Ltd
