Risks of Strategic Management

What is Strategic Management Risk? Strategic management is an intricate and complex process that takes an organisation into unchartered territory. It does not provide a ready-to-use prescription for success. Instead, it takes the organisation through a journey and offers a framework for addressing questions and solving problems.

Strategic management is not, therefore, a guarantee for success; it can be dysfunctional if conducted haphazardly.

The following are the risk of strategic management:

1.      Limitation of Assumption

2.      Problem in Analyzing Environment

3.      Unrealistic Mission and Objectives

4.      Problem of Setting Target

5.      Lack of Commitment of Lower Level

6.      Problem of Resistance

7.      More theoretical in Nature

8.      Problem of Internal Politics

9.      Problem of Traditional Management

    Risks of Strategic Management