Knowee
Questions
Features
Study Tools

explain the concept, relevance, application and usefulness of strategic management to managerial task of controlling of del monte philippines incorporation.

Question

Explain the concept, relevance, application and usefulness of strategic management to managerial task of controlling of Del Monte Philippines Incorporation.

🧐 Not the exact question you are looking for?Go ask a question

Solution

Strategic management is a concept that involves the formulation and implementation of long-term goals and objectives for an organization. It is relevant to the managerial task of controlling because it provides a framework for effectively monitoring and evaluating the performance of the organization.

In the case of Del Monte Philippines Incorporation, strategic management is crucial for controlling the company's operations. By developing a strategic plan, the management can set clear objectives and identify the necessary actions to achieve them. This helps in aligning the efforts of different departments and ensuring that everyone is working towards the same goals.

The application of strategic management in Del Monte Philippines Incorporation involves various steps. Firstly, the management needs to conduct a thorough analysis of the internal and external environment to identify strengths, weaknesses, opportunities, and threats. This analysis helps in understanding the current position of the company and the potential challenges it may face.

Based on this analysis, the management can then develop a strategic plan that outlines the goals, strategies, and action plans for the organization. This plan should be flexible enough to adapt to changing market conditions and should also consider the resources and capabilities of the company.

Once the strategic plan is in place, the management can then implement it by allocating resources, assigning responsibilities, and monitoring progress. Regular performance evaluations and feedback mechanisms are essential to ensure that the plan is being executed effectively.

The usefulness of strategic management in controlling Del Monte Philippines Incorporation lies in its ability to provide a structured approach to decision-making and resource allocation. It helps in identifying and addressing potential risks and challenges, as well as maximizing opportunities for growth and profitability.

Overall, strategic management is a valuable tool for the managerial task of controlling in Del Monte Philippines Incorporation. It helps in setting clear objectives, aligning efforts, and ensuring effective decision-making and resource allocation.

This problem has been solved

Similar Questions

explain the concept, relevance, application and usefulness of strategic management to inventory warehouse of del monte philippines incorporation

One important activity of strategic managers is strategic planning. Describe fourcharacteristics of this activity.

The primary focus of strategic management is*Strategic analysisNoneThe total organisationStrategy formulation

Strategic management process is the coordinated means by which an organization chooses its mission and vision.Question 4Select one:TrueFalse

Explain in detail Expansion of the strategic choice process in strategic management

1/1

Upgrade your grade with Knowee

Get personalized homework help. Review tough concepts in more detail, or go deeper into your topic by exploring other relevant questions.