Strategic management is a field that deals with the major intended and emergent initiatives taken at Board level involving utilisation of resources, to enhance the performance of an organisation in its external environment.
It entails specifying the organisation's mission, vision and objectives, developing policies and plans, often in terms of projects and programs, which are designed to achieve these objectives, and then allocating resources to implement the policies and plans, projects and programs.

Free Study Aids

Cash Budgets: Illustration A cash budget shows the cash impact of budgeted objectives, what our future cash and funding requirements will be. We will be able to take appropriate action in light of what the cash budget reveals. This worked example illustrates how we construct a cash budget

Short Courses

Budgeting in the 21st Century
Organisations operate in an increasing competitive and volatile environment and it is critical that they have use of management tools that can help them survive and prosper. This course will explore and explain one of the most powerful management processes in use today, namely budgeting; the end result of the budgeting process is the preparation of plans and actions for future periods. These plans co-ordinate and reflect the various activities within an organisation and assist in organisational control, decision making and performance evaluation.