BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -It is nothing but the art of managing employees in a manner which maximizes the ability of achieving business objectives. The employees become more trustworthy, more committed and more satisfied as they can co-relate themselves very well with each organizational task.

Detailed explanation-2: -Achieving goals: Strategic management helps keep goals achievable by using a clear and dynamic process for formulating steps and implementation. Sustainable growth: Strategic management has been shown to lead to more efficient organizational performance, which leads to manageable growth.

Detailed explanation-3: -HR scorecards are used to manage employee performance and to align all employees with the key objectives a firm needs to achieve its strategic goals.

Detailed explanation-4: -Strategy Formulation-Strategy formulation is the process of deciding best course of action for accomplishing organizational objectives and hence achieving organizational purpose. After conducting environment scanning, managers formulate corporate, business and functional strategies.

Detailed explanation-5: -Strategic management is both an Art and science of formulating, implementing, and evaluating, cross-functional decisions that facilitate an organization to accomplish its objectives. The purpose of strategic management is to use and create new and different opportunities for future.