Strategic Management and its impact on Organizational Effectiveness: A Study in Banks

Chatterjee R.N. (), Saksena Apoorva, Patwardhan Manoj and Bajpai Naval
Additional contact information
Chatterjee R.N.: ABV- Indian Institute of Information Technology & Management, Gwalior (M.P.), INDIA

Advances In Management, 2009, vol. 2, issue 9

Abstract: Strategic management is an intrinsic part of any organization. Strategic management comprises of environmental scanning, strategy formulation, implementation and evaluation and control. Through this process, an organization plans its activities which shall be profitable for the firm. On the other hand, organizational effectiveness is a tool for making best use of available talents, skills and helping employees to achieve their personal goals along with organizational goals and mission. Organizational effectiveness is the degree to which an organization realizes its goals. Effectiveness implicitly takes into consideration a range of variables at both the organizational and departmental levels. The presented study is an attempt to correlate strategic management and organizational effectiveness through a study in banks. The conclusion of the study supports that strategic management has quite an impact on organizational effectiveness in terms of planning, formulation, implementation and evaluation in relation to innovation, feedback, roles and communication within an organization.

Date: 2009

Downloads: (external link)
http://www.managein.org/manage/manage/bk_issue/abst_2_9.htm (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: http://EconPapers.repec.org/RePEc:mgn:journl:v:2:y:2009:i:9:a:8

Access Statistics for this article

More articles in Advances In Management from Advances in Management
Series data maintained by Shankar Gargh ().