DOI: https://doi.org/10.36719/2663-4619/114/153-156
Telman Bakhshaliyev
Azerbaijan Technical University
https://orcid.org/0009-0004-7949-6615
telmanbaxsaliyev0@gmail.com
Main Directions of Strategic Management System
Abstract
This topic covers the key directions that ensure the effective application of strategic management. Strategic management aims to define long-term goals of organizations, manage resources to achieve these goals, and develop appropriate strategies. The main directions of this process include clearly defining the organization’s goals and objectives, conducting market and competitive analysis, and developing and implementing strategic plans.
Key aspects of strategic management include optimizing resources, analyzing the internal and external environment of the organization, managing risks, and making effective decisions. Additionally, the implementation of strategic management systems increases the agility of organizations, strengthens their ability to adapt to changing market conditions, and ensures the organization’s sustainable development.
Moreover, the application of strategic management systems develops leadership skills, promotes teamwork, and improves the overall performance of the organization. Successful strategic management helps organizations gain a competitive advantage in the market. Therefore, correctly defining and applying these directions forms the basis of an organization’s successful performance.
Keywords: strategic management, goal and target defining, resource optimization, market analysis, competitive analysis, strategic planning, risk management