Discuss five of the ten major benefits of strategic management, as stated by Greenley. Which of these benefits do you see being beneficial in your future place of employment? Explain why© BrainMass Inc. brainmass.com October 25, 2018, 9:49 am ad1c9bdddf
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According to Vuzs.net, Greenley has stated 14 benefits of strategic management but the 10 major ones are as follows:
(1) it allows for identification, prioritization, and exploitation of opportunities.
Strategic management is more proactive than reactive. Companies initiate instead of just responding to activities. They identify possible opportunities that can benefit the organization, work on it and be the first in the industry. They don't just sit and react to situations, they identify to determine possible improvements.
(2) It provides an objective view of management problems.
Company and management problems are treated as they are; discussed and resolved objectively and as separate entity from the people around.
(3) It represents a framework for improved coordination and control of activities.
With strategic management, people get involved planning activities. They coordinate with each other and cooperate in every endeavour that they experience. They know what are expected of them so there is a ...
This solution of 593 words discusses the 10 major benefits of strategic management by Greenley with examples. References used are included.
Assess Major Compensation Issues
Find recent journal articles and publications that provide current insights into each of these three perspectives:
• What do you think are the most important strategic compensation issues in the modern workplace?
• Why are these particular issues a challenge in today's workplace?
• How have major compensation issues changed in the last 10 years?
Write an analysis to compare and contrast these different perspectives and analyze how each of these three perspectives contributes to the pay strategy of an organization.
Support the paper with at least five (5) resources. In addition to these specified resources, other appropriate scholarly resources, including older articles, may be included. The paper should demonstrate thoughtful consideration of the ideas and concepts that are presented in the course and provide new thoughts and insights relating directly to this topic.
Use current APA standards.
Length: 5-7 pagesView Full Posting Details