The History of Strategic Management

Strategic management is a study which deals with the ways a manager creates a considered decision. The decision may relate with market, finance, organization and so on. In order to know well about the study of strategic management, one must get along with some elements which are explained below.

You can download excellent powerpoint slides on marketing management, business strategy and personal development HERE.

The history of strategic management study leads us back to the early twentieth century when Frederick Winslow Taylor, an industrialist, managed to implement scientific methods to management. This man was the first man who measured the progress of the business, imitating what the scientists did in their lab. And the result was, the first “strategic management”. However, it needs a few years for his finding to be acclaimed as a unique study. Continue reading