Friday, October 18, 2019
Article Summary Essay Example | Topics and Well Written Essays - 750 words - 1
Article Summary - Essay Example However, to ensure strategic success, other factors such as government support, effective communication channels, and clear visions and missions play a major role. Elbanna kicks off by differentiating the term strategic management from strategic planning, asserting that the former is inclusive of execution, as well as the assessment of strategic plans. On the other hand, strategic planning is often used in the business world and is not as detailed as strategic management. He also carefully scrutinizes the concept of strategic management from its earliest days, and how much it has grown since then. He avows that one of the main challenges affecting the concept is the fact that it has always suffered as far as its popularity and success are concerned. For instance, in the 1950s, it was very popular but from 1970s to 1980s, its popularity lessened because most of the planning models that had been developed ended up failing. Therefore, some of the major drawbacks that came with strategic management were rigidity, unsuccessful participation of implementers and managers, lack of ingenuity as well as strategic thinking. However, from the 1990s, there have been major changes as most organisations are widely practicing it and related research and literature have heightened mostly in the UAE. The author goes into details by closely examining the use of strategic management concepts in the UAE, its popularity, and effects. He argues that the UAE has adopted most of the strategic management processes in an effort to enhance institutional performance. Consequently, it is cited as one of the most developed nations in Western Asia as far as the rates of market exchange and income are concerned. However, it is to be noted that success in most of the UAE public organizations is attributed to the fact that they have sufficient resources; hence, are able to implement western management approaches with ease. Therefore, in an effort to effectively examine the effects of
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