Management

Perspective management aspect required to be an effective strategic manager are as follows:

1) Real cool headed, co-operative decision maker. Should be able to make a judgment all the while accepting the teams' advice. And since a Strategic Manager need to take up decisions during pressurized situation, it is important that he be as cool and calm to make a sound decision.

2) A strategic manager should have the knowledge about his organization. The importance is when he needs to utilize each and every of his Strategic Units together or simultaneously, for achieving the objective.

3) Decision Making should not anticipate options or other expectations. It should rather be pragmatic and result oriented.

4) Skill set is a huge requirement. Ability to size up the situation, quickly and accurately, identifying problem roots, evaluating policies that would be relevant to the prevailing environment.

5) Identifying the company’s SWOT at the prevalent environment and formulating plans and strategies accordingly.

6) Analytical skills are required in functioning areas e.g. marketing, financing, etc dealing with the total company activities.

7) Tools i.e. quantitative, qualitative must be understood in proper manner.

8) Written and oral communication skills are very important. The principles and processes of effective communication underpin the role of the manager. Managers need to be able to communicate effectively with a range of people, including team members, colleagues, line managers, customers and suppliers. It is important that managers are able to organize, present and communicate their views, ideas and plans according to the needs of the people.

9) Planning: Managers are responsible for the efficient Use of organizational resources including People, plant , equipment and supplies .The effective use of such resources Requires managers to devise communicate implement and monitor Plans to achieve organizational aims and objectives.

10) Developing plans-...