Positive feedback is a process that occurs in a feedback loop in which the effects of a small disturbance on a system include an increase in the magnitude of the perturbation. That is, A produces more of B which in turn produces more of A.
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Strategic management describes the formulation and the practical enactment of the strategies, which need to be in lieu with the goals and aims of the company. Strategic management is enacted and carried out by top hierarchal level of the management body that is undertaken with the aim of doing it for the owners and the stakeholders. Strategic management is implemented keeping in mind the resources and the external and internal environment of the organization. The policies and strategies of the organizations change from time to time due to varying nature of the resources and the internal and external environment of the organizations. As a result to cope with such changes and to formulate new strategies and policies, strategic management needs to be undertaken to achieve the desired results of the organizations.
Strategic management is undertaken with certain aims and objectives. The purpose of strategic management is commented below:
Designing of strategies begins with the analysis and assessment of the environment and factors affecting the organization. The analysis is followed by the formulation and strategic decisions. The creation and designing of strategies end with the laying down of the necessary decisions and strategies created by the management body. Some of the necessary points of analysis are:
After formulation is the stage of implementation. Formulation is the stage of planning but implementation is the actual stage of practically enacting those decisions and ideas. Implementation refers to performing the strategic decisions in achieving objectives and goals of the organization. It refers to use of resources of the organization, leadership qualities and communication facilities in implementing the strategic decisions that lead to the fulfillment of objectives and goals of the organization.
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