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Strategic approach to sustainable business of Galenika Fitofarmacija A.D. in a context of accession of Republic of Serbia

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2009-09-30
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Zecevic , D. . (2009). Strategic approach to sustainable business of Galenika Fitofarmacija A.D. in a context of accession of Republic of Serbia. Applied Studies in Agribusiness and Commerce, 3(3-4), 109-110. https://doi.org/10.19041/APSTRACT/2009/3-4/22
Abstract

Strategic management is ultimately concerned with the quest for sustainable advantage. To be practical, advantage for commercial firms concerns earnings and sustainable means a concern with earnings into the future. Pearce and Robinson define strategic management as a set of decisions and actions that results in the formulation and implementation of plans designed to achieve a company’s objectives. David says that strategic management can be defined as the art and science of formulating, implementing, and evaluating cross-functional decisions that enable an organization to achieve its objectives. Strategy is also hierarchical concept – it takes place at three different levels: corporate, business, and functional. These levels correspond with the activities of managers in different parts of the organization.

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