Strategic-Management Practices

September 9, 2014

Strategic management identifies the needs of your organization as they relate to current and future labor demands. Once identified, job descriptions and duties are created to help ensure that recruitment is efficient. This refined recruitment and selection of the right employee for each position can lead to reduced costs for your business and an improved bottom line. Strategic management also takes into account various ways to reduce costs while making sure enough staff is in place to complete all necessary job duties and responsibilities.

For example: You can eliminate the duplication of job duties and reduce costs by consolidating job duties and restructuring your internal workforce. Other issues include those related to replacing an aging workforce. This requires the need to plan ahead for the loss of essential employees to retirement.