THE RELEVANCE OF STRATEGIC MANAGEMENT TO ORGANISATIONAL PERFORMANCE (A CASE STUDY OF AFRICAN PETROLEUM PLC & TOTAL NIGERIA PLC)

📄 Project Abstract

The spate of competition among organizations has necessitated the need for improved performance if they are to realize their corporate goals. The socio-political environment of businesses is also ever changing and imposes upon these entities the challenge of managing that change in order to sustain performance. Management researchers have maintained that at the heart of organizational performance are three determinants: Strategy, capability and the environment. Strategic management harnesses these elements and thus provides organizations with a tool for managing performance. Strategic management is a process for developing and enacting plans to reach a long-term goal that takes into account internal variables and external factors. It encompasses an integrated, future-oriented managerial perspective that is *