Use the attached documents to write one 1000 words brief comparing all the information according to the instructions below.

With these type of expected challenges as well as expectations and dependency a company has on its Financial Manager it is crucial that the individual develop a system to efficiently manage and execute tasks in a timely manner while making the best decisions for the benefit of the company. to do so an individual with this skill set need a system for planning, executing, evaluating, and repeat. Building this system will put a specialized Financial Manager in unique position above other individuals in that specialized group.

This brings the importance Strategic Management to the Specialized program as it provides all the right guidelines a financial manager will need to build an efficient work structure that can be used for any challenges it encounters. Strategic Management provides a specialized financial Management individual the ability to identify and control the key components of achieve a certain goal by itemizing its strategic intent, formulating identified levels needed to meet certain milestones and goals, the implementation of a formulated strategy which can also be called execution phase of the planned strategy, and lastly evaluating results for modification and control.

Strategic Management’s process is fairly like the idea of project management phase (Planning, Executing, Close-out) however, it holds a better reoccurrence structure of Planning, Executing, Evaluating, then repeating the process. Strategic Management process from the Financial Management aspect, serves as tool to provide and assist in paving a pathway to accomplishing goals as well as decision making.

In conclusion, Strategic Management can be utilized in any specialization to achieve goals, meet a certain milestone and/or guide a specialized individual to move in a specific direction by identifying key components and realistic targets. Strategic Management have been proven multiple times not guide companies to achievements but also to outperform your competitor(s).

References