Strategic thinking and management elements for strategu execution positively affect on business performance

Boskov, Tatjana and Taskov, Nako and Metodijeski, Dejan (2011) Strategic thinking and management elements for strategu execution positively affect on business performance. In: 7th International May Conference for Strategic Management, 27-28 May 2011, Zajecar, Serbia.

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Business leaders are under pressure from stakeholders to comply with their demands while maintaining the organization’s competitiveness in increasingly complex markets. So, leaders are striving to continuously formulate strategies with management elements that will help them deliver more value to their customers and stakeholders. Strategic thinking is important to guide for examining all markets which are relevant to the core business of interest. Also, its necessary for analyse the relevant forces creating new markets as identifying business strategy requirements. Therefor, are used management elements, management models as guides for managerial activity in the business world for increasing a firm’s competitive advantage. Business management tools positively affects business performance and a strategic management orientation for formulating and implementing objectives, policies and performance. Companies confirms that integrated management model will result in dramatic benefits. In this way, strategy thinking enable company to determines its objectives, purposes, or goals, produces the principal policies and plans for achieving those goals, as defines the range of business the company is pursue and positively affects business performance.

Item Type: Conference or Workshop Item (Paper)
Subjects: Social Sciences > Economics and business
Divisions: Faculty of Tourism and Business Logistics
Depositing User: Tatjana Boskov
Date Deposited: 12 Nov 2014 13:38
Last Modified: 12 Nov 2014 13:38

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