Strategic Management

Arafat Hasan

ID: 0725005

Strategic Management

Section 02

The Background

Strategic management is not a linear process of planning, implementation and evaluation rather it entails managing an agency from a strategic perspective on an ongoing basis to ensure that strategic plans are kept current and they are effectively driving other management process.

Both public and private sector strategic management models identify the processes of the strategic management and establish relation between the steps to maximize the efficiency and effectiveness.

Modes of Negotiation and conflict management

Debilitating Effects of poor SM on Bangladesh

The public sector in Bangladesh has been flourishing by leaps and bounds until 1980 where

Bangladesh has preferred the trail of a market economy for expansion by pursuing its economic

detection. Unfortunately, it has not worked.

People continue to fall in the poverty trap Living standards continue to get lowered

Inflation rates are rising alarmingly 60% of the total population of Bangladesh

belongs to this group.

Important Distinctions • Reforms and changes undertaken by the World Bank (WB)

supported Sectoral Adjustment Programs have raised serious questions about the way the public services are run and how users

are treated. Difference between the sector idealogies

o Profit motivation

o Investment decisions

o Target market

Ideas

New Public Management is .... the idea of a shift in emphasis from policy making to management skills, from a stress on process to a stress on output, from orderly hierarchies to an intendedly more competitive basis for providing public services, from fixed to variable pay.

Strategic management can help new public services emerge.

It can do this by helping to decide what should be done and how it should be done and by

creating the dialogue and consensus need to make the changes.

Strategic management, when practiced well, can help to call for transformation to occur more

efficiently and creatively.

One of the key challenges for public services management in the years ahead is to find out ways in which strategic management may be

developed and applied.

A New Way Ahead

" It must be considered that there is nothing more difficult to carry out, no more doubtful or successful, nor more dangerous to handle, than to initiate a new order of things"

A comprehensive and ongoing management process aimed at formulating and implementing effective strategies; it is a way

of approaching business…