Articles
DOI DOI: 10.5281/zenodo.10884187

Organizational Performance and Strategic Management

Burhan Reshat Rexhepi, Burim Isa Berisha1, Orhan Reshat Rexhepi1
  1. 1 UBT - Institution of Higher Education, Kalabria neighborhood, 10000 Pristina, Kosovo

Abstract

A recent study has focused intensively on strategic management and organizational success. The economic landscape is evolving swiftly due to factors including globalization, shifting consumer and investor demands, and escalating market competition for products.
Organizations must continually enhance their performance by cutting costs, innovating goods and processes, and enhancing quality, productivity, and speed to market.
Strategic management is a continuous process that assesses and regulates a company's business and industry, analyzes its competitors, establishes objectives and strategies to fulfill the demands of current and potential customers, and reviews each strategy periodically to assess its implementation and success and to consider replacing it with a new strategy in response to evolving circumstances, technologies, competitors, or economic, social, financial, or political factors.

Business companies should aim to achieve a competitive advantage and superior performance relative to their competitors.
This article aims to explore the impact of management on the development of strategic management and performance inside the firm. This publication presents essential information in hitherto unexplored areas, intended to benefit future generations interested in further research in this field.
This document presents information on previous studies and their conclusions, which can serve as a foundation for future researchers, including academic personnel, students, and the broader population.

How to Cite

Rexhepi, B. R., Berisha, B. I., & Rexhepi, O. R. (2024). Organizational Performance and Strategic Management. Transnational Academic Journal of Economics, 1(2), 198–209. https://doi.org/10.5281/zenodo.10884187
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