Strategic management process involves steps that are aimed directing an organizations business decisions. These steps include; establishing an organizations vision and mission, analyzing the strategy of the organization, developing objectives, formulating a strategy, implementing a strategy and evaluating a strategy (Higher Study, n.d). Strategic management is the process of constructing and implementing strategies that used to achieve long-term objectives that are sustainable.
Day to day processes are operational management processes. Operational management processes are aimed at facilitating and keeping track of business practices so that the organization can function effectively (Lumen Learning, n.d). This process involves planning and supervising processes’ regularly to ensure the organization is meeting its goals.
Delegate your assignment to our experts and they will do the rest.
The aforementioned processes have some differences. Whilst strategic management processes are focused on giving an organization direction, operational processes are what make the strategic goals possible. Examples of strategic management processes include; examining the competitive environment and making sure that management spreads out the strategies across the business. Examples of operational management processes include; logistics management and supply chain management.
References
Higher Study. (N.d). Strategic Management Process 6 Steps . https://higherstudy.org/strategic-management-process-6-steps/.
Lumen Learning. (N.d). Introduction to Operations Management . https://courses.lumenlearning.com/boundless-business/chapter/introduction-to-operations-management/
