Management theory and practice often make a distinction between strategic management and operational management, with operational management concerned primarily with improving efficiency and controlling costs within the boundaries set by the organization's strategy. Strategic management: strategic directions folloed by virgin atlantic analysis of strategic direction of the organisation business essay strategy is a word of military origin and now refers to a plan of action designed to achieve a particular goal more about identify the strategic direction of an organisation you are familiar with and.
The strategic management process is about getting from point a to point b more effectively, efficiently, and enjoying the journey and learning from it part of that journey is the strategy and part of it is execution. 5) competitive strategy 6) strategic direction of development 7) methods of development 8) conclusions and recommendations 9) resources 10) appendices 1) executive summary this report aims to evaluate the current strategic directions followed by virgin atlantic.
Strategic planning is an organizational management activity that is used to set priorities, focus energy and resources, strengthen operations, ensure that employees and other stakeholders are working toward common goals, establish agreement around intended outcomes/results, and assess and adjust the organization's direction in response to a changing environment.
The process of strategic management lists what steps the managers should take to create a complete strategy and how to implement that strategy successfully in the company it might comprise from 7 to nearly 30 steps  and tends to be more formal in well-established organizations. Essentials guide to strategic planning welcome strategic planner to assist you throughout your planning process, we have created a how-to guide on the basics of strategic planning which will take you through the planning process step-by-step and keep you on track.
1 strategy and strategic management: a historical perspective strategy was created by the greeks, who endowed the concept with a military conno-tation the term derives from the greek strategos, translated as a general in command of troops or the art of the general or plan to destroy enemies through effective use of resources , , [78.