Strategic management
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Other types of management
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Strategic management integrates are a functional management into a
whole.
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Other management deals with functional arena only.
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It is oriented toward achieving organization wide goals.
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It is oriented to achieving a local goal only.
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It considers a broad range of stakeholders.
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It tends to focus on serving individual stakeholders.
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It entails multiply time horizons.
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It tends to focus on short term issues alone.
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It is concerned with both efficiency and effectiveness.
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It is concerned with efficiency only.
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The goals of strategic management are usually debatable.
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The goals of operational management are validated through extensive
past experiences.
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Issues of strategic management are abstract deferrable and may be
unfamiliar.
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Issues of functional management are immediate, concrete and familiar.
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Evidence of the merit of strategies is often available only after
several years.
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Evidence of merit of functional management gets promptly.
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Strategic managers need a corporate point of view oriented to the
environment.
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Functional managers need procedural orientation to functions.
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So from the above table we can easily find out the differences between these managements.
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