The basic characteristic of strategic management process

Describe the basic characteristic of strategic management process?

Answer: In strategic management long-term and integrated planning producing and implementation have to be done. The characteristics and features of the long term strategic are as followed:-

1. Flexibility: It is one of the important features in strategic management. In the case of determining long term strategies, several intricate problems and hazards can be visible, on that case, the management can take hurried decision adapting to changed environment.
2. Integration: To take planning under the strategic management, it is essential to integrate goals objects alongside the internal and external sides of the institution.
3. Speed: To bring the dynamism under the strategic management, it is inevitable to access the important affairs so that it may be possible to speed up the pace of action at present and future.
4. Innovation: Innovation or creativity is an important feature in the case of strategic management. We know, environment is ever changing, that is way demand, taste, and behavioural patterns of employers and employees are to be changed. Strategic management controls and takes things forward by producing new strategic planning and framing newer strategies.
5. Long-term plan: Long-term planning is very essential to bring good result. There is no way to adopt long-term planning if anybody intends to compete in the field of industry.
6. Guide-line of plan: Guide-line of planning pin-points to implement any planning under the strategic management.
7. Determination of alternatives: It is a very urgent affair to implement goals of any institution. Under the strategic management, determination of alternatives can face obstacles standing on the way easily.
8. Consideration of environment: This tool which can move anybody to achieve goals ignoring all unfavorable environments consideration of environment directs to take decision cautiously.