Management Notes

Reference Notes for Management

Strategizing – Role of Strategizing | Strategic Management



Strategizing Meaning

As part of the process of strategizing, people devise long-term goals (mission, vision), plans (strategies), and courses of action (processes, structures). The practice of strategizing is very common in industry, business, the military, politics, and government. Thinking strategically is integral to strategizing.

To achieve long-term objectives and success, managers must think strategically about all areas of company development. The process of strategizing and decision-making are closely linked. During the formulation of the company’s objectives, the acceptance of different strategies, and finally the implementation of those strategies, this connection occurs.

Read more