Strategic management and the economic efficiency of the enterprise
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Keywords

management trends
company
strategy
economic efficiency

Categories

How to Cite

Binda, J. (2023) “Strategic management and the economic efficiency of the enterprise”, Scientific Journal of Bielsko-Biala School of Finance and Law. Bielsko-Biała, PL, 27(4), pp. 24–28. doi: 10.19192/wsfip.sj4.2023.3.

Abstract

The articles discusses the importance of strategic management in improving the economics efficiency of an enterprise . Strategic management combinations both business and economics aspects with the goal of maximizing a company's efficiency and profitability . Although there is no clear definition , various approaches to strategic management include the process of analyzing the company's environment, formulation strategy , implementation strategy , and monitoring and evaluating results . Additionally , etc indicates that strategic management is necessary for adapting to the changing environment, optimizing the use of resources and achieving the organization's goals . The presented information also indicates that strategic management has three main levels incl the organization's structure : corporate , strategic business units (SJG) and functional . Each of these levels plays a specific role within the company's strategy . Ultimately , the articles emphasizes that strategic management is an integral element of the success of every company and is the foundation of its economics efficiency . A good business strategy allows a company to use resources effectively , adapt to a changing environment and achieve long-term goals .

https://doi.org/10.19192/wsfip.sj4.2023.3
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Copyright (c) 2023 Jacek Binda, Marcin Surówka, Tadeusz Ambroży, Andrzej Kędra, Zbigniew Małodobry

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