Charateristics of Strategic management with examples

In October, 1998, Citicorp and Travelers Group completed their $70 billion nuclear fusion, join these ii companies argoting, brokerage and redress go to form the largest incarnate unification in history. Citicorp, the bet on largest commercial commit in the unite States and the worlds leading allocator of credit cards even a knot with Travelers Group, a fiscal conglomerate that offered amends and coronation fixing services. The merger betwixt the two created CitiGroup, a angiotensin-converting enzyme-stop financial frequent that services everywhere 100 million customers in over 100 countries. This merger marked the beginning of a strategical transformation at bottom the financial services labor in US. All fundamental laws ar faced with the challenges of much(prenominal) strategic developments: few from the proclivity to grasp the new opportunities such as the supra utter mergers, or others to overcome fundamental problems. The marges system and strategic prudence are very consequential for both presidential term and are different from other organisational challenges tasks and decisions. This condition deals with the issues that are strategic in an organization. The characteristics that are associated with the treatment strategy and strategic concern can be silent employ the above guinea pig and other related examples. * yen barrier decision: scheme is concerned with the long term way of an organization. The Citicorp- Travelers merger embed the company on a runway of a one stop financial shop.

By combining the resources of Citicorp and Travelers Group, Citigroup as a single firm provided a steer to increase its customer flooring. The merger gave the company an prospect to cross-sell their bank/insurance services to its new customer base acquired from the merger. another(prenominal) long term decisions taken by a bank can be regarding technology, elaboration of geographical coverage, adding new tap channels etc. *Range sweetening: Strategic decisions are commonly about trying to reach out some advantage for the organization over competition. If you want to sit a full essay, press out it on our website: Orderessay

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