Question

1: Assuming that you have been appointed as a strategic management committee member, discuss how the different processes have affected into your strategic management process of the focal company.

2: Why would you feel strategic management should be more a top-down or bottom-up process in a firm? Explain and support your rationale.

Answer 1

1.the five stages of the goals of strategic management is

1.goal setting

2. analysis

3.strategy formation

4. strategy implementation

5.strategy monitoring.

As a newly appointed member ,there are a number of changes which i have to make, the managers will have to be alligned with these changes plus there are a number of functions which are already happening in the organization, thus there will be interference of the new policies with the focal company strategic management .The entire process analyzes a firm's situation and where the firm wants to be in future. If the execution commitee does not buy the plan, then they have to be aligned with the changes happening. This is how the different processes have affected the startegic management of the focal company.

2.Strategic management should be a bottom up approach likewise, who will not have to impose decisions on the employees which has been taken only by the senior management.

decision making should be a collective process, and bottom up approach allows you to do that. it allows the organization to innovate and paves the way or a greater change. the bottom up approach takes a lot of time , it takes considerable time to propagate throughout the organization.

in a top down approach, all the major decisions are taken by the top management, as a result decisions are imposed upon the lower management.only when crisis has come up should the top down approach be used, because crisis calls for immediate decisions which when taken by senior management we can come up with quick solutions.

bottom up approach has a drawback of being too time consuming.