12:00 pm Late Fall Management

My groups Kiva recipient a man name Estabon from Peru, is asking for a loan for his tree cutting business. Before I would approve the loan, I would make sure Estabon understood how to strategically management his business. Strategic management is making strategic moves or decisions that will make an organization more appealing than the competition and therefore attract more consumers. To manage strategically one must first identify the organization’s mission and goals. Next the organizations strengths, weaknesses, opportunities and threats must be identified by doing an internal and external analysis of the organization. An organization must know where it’s currently at in order to plan where it wants to go. Strategies then must be formulated to capitalize strengths and minimize weaknesses, these strategies would be a written form of how to improve the organization using the resources and capabilities within its grasp. Lastly these strategies must be put into effect and tested for efficiency.

With Estabon’s business already running on a small scale this loan could take his business to the next level if used efficiently. Strategically managing his business could ensure that the most profitable aspects of the business are expanded, the organization is moving in the right direction and continues to generate profit.