Strategic Management And Its Role In Microeconomy

Strategic Management and its role in microeconomy

Introduction

Through the essay it will be seen and interpreted and manifesting what the strategic management plays its role in microeconomy in other areas that occur in management, also see the different strategies that apply, how to execute them and what is achieved by complying with them , observe in which time they can be fulfilled in what affects or aspects is involved with microeconomics. Understand the environments that analyzes microeconomy The external environment constituted by: competition, social, economic, cultural and technological, and internal environment we address: the different services, the management of the product, training and year of human talent, the different technologies used in the company, knowledge applications and the way of making decisions.

Developing

"Strategic management refers to the different tools to generate, apply and execute a business, marketing or actions plan to achieve the different objectives that the company has within an estimated time". (Giraldo, 2008)

Microeconomics is part of the economy that is in charge of study, analysis, and how the dependent agents and individual economic units behave, such as:

• Individuals
• Families
• Companies
• Consumers

"It is also a tool used and necessary within the commercial world to understand how the market is and through that making the application of economic knowledge to subsist".

(Peralta, 2013)

Strategic management has a very important role in microeconomy which is to help the decision -making of resources and allocation of resources in individuals, it can be done through marketing strategies analyzing each of the aspects and areas such as internal environments and external seen in the value chain of a company, as in the economy of family members through cultural factors of how they affect family and individuals as well as politics and technological aspect, and what are consumers and everything reference The business of how to improve through strategies the economic behavior of companies and interaction with the different markets, that is, how strategic way it would affect the economy or how to improve and take advantage of the microeconomy of my company in the markets that I am working. (Gomez, 2016)

conclusion

• Understood as seen above we can say that the strategies generated will go hand in hand with what happens in microeconomics.
• We analyze that the strategic management when using the appropriate tools will help us to the microeconomics of a company and that it should be taken into account.
• Having concrete knowledge of microeconomics is in essence necessary for every company, family and individuals because it helps recognize weaknesses, threats, strengths and opportunities.
• We learned how a management environment is handled with an internal and external environment applying the strategic analysis of microeconomics by handling each of its approaches.

Bibliographic references.

• Giraldo, j. (January 19, 2008). WordPress.com. Obtained from https: // juliangiraldo.WordPress.com/Management/Strategy Management/
• Gomez, m. (October 2016). Diposit.Ub.Edu. Obtained from http: // diposit.Ub.EDU/DSPACE/BITSTREAM/2445/1281/1/211.PDF
• Peralta, t. (August 28, 2013). www.Utel.Edu.mx. Obtained from https: // www.Utel.Edu.mx/blog/10-counsels-for/en-who-consist-la-microeconomia/