Strategic Management Essay Example | Topics and Well Written Essays - 3000 words - 21

Strategic Management - Essay Example as the course of action that consists of specifications of the resources needed to attain a specific advantage is very essential for a business development (Hanna and Middleton, 2008:18). This paper will seek to describe strategic management by critically analyzing strategic and non-strategic decisions and the difference between business level, functional, and corporate level strategy with reference to the Four Seasons Hotels and Resorts International. It will also evaluate the role of risk and uncertainty in strategic decision-making, critically assess the need for change, and develop strategies for managing change. Strong decisions making procedures are truly significant in every organization. Specific methods of making decisions play a major role in realizing an organization’s executive goals. Ways in which managers make decisions influence the kind of results the organization is likely to obtain and resources to be committed (Williams, Hall, and Champion, 2011:60). Benefits such as higher amounts of profits and rapid implementation of decisions make part of the strategic management of an organization (Sutherland, 2008:80) Strategic decision-making ensures that employees with key discipline in decision-making and those who have experience take part in the process making choices for the organizational well-being (Ford, Sturman, and Heaton, 2012:57). Strategic decisions making takes note that, the decisions made by an organization are implemented rapidly. Rapid implementation of the set objectives facilitates rapid organizational growth as employees and managers act accordingly and with speed on goals laid upon by the management (Sturman, Corgel, and Verma, 2011:45). Strategically, decision-making process should put into consideration a number of disciplines, which enable faster discussions, involvement, and response. Management with strategy encompasses skills, expertise, and experience (Barrow, Brown, and Clarke, 2003:63). As such, organizations that