Strategic management Essay Example | Topics and Well Written Essays - 3750 words

Strategic management - examine ExampleOrganizations usually keep much attention in the maintenance of the strategic plans implemented for transaction with the crisis situation by providing the staff with regular training to acquaint them with essential skills to manage much(prenominal) situation. At oft instances, engagement of a Crisis Management Team (CMT) for dealing with the situation is deemed beneficial and strategically effective. CMTs primary responsibility is to resolve the obstructions of crisis completely and assist the organization to regain its previous smoothness in performing its operations (European Interagency Security Forum, Crisis Management of Critical Incidents). Notably, CMT does non follow the management structure of work. tally to the strategic plan for the crisis situations, there exist three stages, which encompass before crisis, during crisis and by and by crisis situations. CMT, thus, assists with the development of motley strategic plans to deal wi th these stages in the most effective manner. In the first stage of crisis situation, i.e. before the crisis, the organizations bear witness to identify the types of crisis that might occur at a given period of time and make plans accordingly. Similarly, during the crisis, the CMT looks after the specific organizational operations affected by the crisis. Also, the time required for the resolution of the crisis is kept in consideration by the CMT. Concerning the stage after crisis, CMT studies the causes responsible for the crisis and take precautionary measures so as to vitiate similar circumstances in future (Boin and Lagadec185-191). Thesis Statement. This essay intends to discuss the role and the signifi providece of strategic management in crisis situations and its implications on organizations. A BRIEF OVERVIEW OF PREVALENT CRISIS SITUATIONS IN ORGANIZATIONS Organizational crisis can be referred to particular situational obstacles, where the causes and consequences of organiz ational non-performances are unidentified at the initial stage and are therefore, capable of imposing major threat to organizational performances even though the chances of a crisis occurrence are relatively lower. It has often been proclaimed that the remedies to the crisis must be made early in order to prevent any unbecoming consequence of it on the organization. It is worth mentioning that not all the crisis situations are preventable within the organizational context, such as the crisis arising from external environment. It thus, argued that organization should have the sufficient competency to proactively manage these non-preventable crisis situations. The objective of the crisis management does not end with the resolving of the problem but it also involves identifying measures so that such crisis would not occur once again in the future. Thus, the best way of deal and manage the crisis situations is to believe that every crisis has a livelihood cycle. This life cycle proc ess is termed to be a vital approach for coping up with the organizational crisis. It office that the strategy of crisis management must be divided into various segments so that an effective approach can be formulated and implemented by the organization for its