Strategic performance management is defined as: the process where steering of the organisation takes place through the systematic definition of mission, strategy and objectives of the organisation, making these measurable through critical success factors and key performance indicators, in order to take corrective actions to keep the organisation on track (Dr. Andre A. De. Waal)
control and be responsible
The contribution of human resource to strategic management includes measurement of personnel performance, and integrating corporate social responsibility into the business.
Competency based performance management matches currently activities and processes with the exceptions of the organization, usually manifested in mission statements or strategic plans.
steps process strategic management
Strategic human resource management is critical for any business organization. This is what will allow effective hiring, training, evaluation and delivery of efficient results among other things.
Marketing operations enables an organization to run the marketing function as a fully ... Marketing operations is about performance, financial management, strategic.
Strategic management uses strategy, including strategic thinking to make all decisions, often through the lens of a strategic plan. Strategic management accounting is strict focused on fiscally related decisions, also as aligned with the organization's strategic direction.
Main objective of Strategic Management is to increase profitability
Systematic assessment of methods and policies of a firm's management in the administration and the use of resources, tactical and strategic planning, and employee and organizational improvement. Its objectives are to (1) establish the current level of effectiveness, (2) suggest improvements, and (3) lay down standards for future performance. Management auditors (employees of the firm or independent consultants) do not appraise individual performance, but may critically evaluate the senior executives as a management team. See also performance audit. By Mohammed Shafi, RIMS Bangalore
evolution of business policy and strategic management?
Strategic Management - strategic planning; corporate performance through balanced scorecard; risk management; organizational excellence; alignment of methods of operations; polices formulation & implementation Financial Management - corporate financial policies, financial procedures, resource allocation; resource utilization; F/S & Management reports
Strategic management has many advantages and disadvantages. One advantage of strategic management is being able to expect whatever comes up.