Strategic Management

Introduction

The strategic perspective in which an institution of higher learning is managed aims at ensuring that clear goals and objectives are specified by moving away from routine traditional orientation to management by considering in a systematic way, longer -term considerations of the very future of the institution. The Vice Chancellor, as the Chief Executive Officer, has to manage the institution with a sense of strategy where strategy is concerned with positioning the institution to face an increasingly uncertain future-in mind. With the introduction of the module two (2) students the public universities have over the last one or so decades, expanded exponentially in terms of student numbers and programmes amidst scarce resources, hence this requires its management to constantly have an idea of optimising resources to gain its objectives and by following instructions while taking into account the institution's externalities. Short of this key strategy, the University is bound to experience extreme difficulties in attaining its goals and objectives as well as its mission and vision.

The strategic perspective regarding the way in which an institution is managed considers its external environment. In so doing, it specifies clear goals and objectives and moves away from routine management tasks by considering, in a systematic way, longer-term considerations of the very future of the organisation.

The strategic focus is a relatively new focus. It arises from the realisation that those supposed to be responsible for strategic planning and strategic management may not always be in a position to provide long-term strategic leadership for their organisations. Institutions of higher learning have experienced serious difficulties in planning and managing their business strategically. The spontaneous mushrooming of courses in different Institutes, Faculties, and Departments, the rapidly increasing numbers of undergraduate and postgraduate students across...