Strategic Management and its Importance in Enhancing the Effectiveness of the Various Strategic Factors in Business Organizations: Analytical and Descriptive Comparisons of A Group of Previous Studies for the Period (2013-2023)

Yousif, Mohammed A. M.

doi:10.33899/tanra.2024.182583

	Strategic Management and its Importance in Enhancing the Effectiveness of the Various Strategic Factors in Business Organizations: Analytical and Descriptive Comparisons of A Group of Previous Studies for the Period (2013-2023)
TANMIYAT AL-RAFIDAIN
Volume 43, Issue 141, March 2024, Pages 164-187 PDF (900.59 K)
Document Type: Research Paper
DOI: 10.33899/tanra.2024.182583
Author
Mohammed A. M. Yousif^*
Department of Business Administration, College of Sciences and Arts, King Khalid University, Dhahran Al-Janoub, Kingdom of Saudi Arabia.
Abstract
The study aimed to find out the importance of strategic management in enhancing the effectiveness of the various strategic factors in business organizations: for the period from (2013 to 2023). Its importance is evident in the emergence of the need to enhance the effectiveness of the various strategic factors in business organizations to ensure their continuity and increase their competitiveness in the various markets that they target in marketing their products. Its problem was that most of the crises and problems that impede the development and continuity of organizations and lead to their exit from the markets or the emergence of signs of weakness in marketing their various products are a result of the weakness and obsolescence of the administrative strategies used in their practical, administrative, organizational and external environment. The study followed the method of systematic literature review. The study reached several results, the most important of which are: that strategic management is important in enhancing the effectiveness of the various strategic factors in the internal and external environment of business organizations through (increasing their strengths and addressing their weaknesses) and then (seizing development opportunities and avoiding various threats and risks). The study concluded with several recommendations, the most important of which are: The study concluded with several recommendations, the most important of which are: The study recommends the importance of applying strategic management in business organizations as a practical approach that is practiced effectively and continuously in enhancing the effectiveness of all strategic factors in a comprehensive manner, in addition to applying them in all basic and subsidiary functional activities, administrative and practical activities, with the importance of evaluating the results of application every quarter.
Keywords
Strategic Management; Strategic Management Model; Strategic Factors; Internal Strategic Factors; External Strategic Factors

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