strategic Management or Risk Management... which one is better ???
Hello aspirant,
Hope you are doing well...!!
Strategic Management is the method involved with defining objectives, methodology, and targets to make an organization or association more aggressive. Commonly, essential administration takes a gander at actually sending staff and assets to accomplish these objectives.
Example of Strategic Management includes procedure incorporating item methodology, advertising system, human asset technique, and monetary system. The utilitarian procedure is worried about fostering an unmistakable capability to give a specialty unit an upper hand.
Risk Management is a cycle that permits individual gamble occasions and generally speaking gamble to be perceived and overseen proactively, upgrading accomplishment by limiting dangers and augmenting amazing open doors and results.
Risk management is the term applied to a consistent and efficient technique for laying out the unique situation, recognizing, investigating, assessing, treating, observing, and conveying changes related to any movement, capacity, or cycle that will empower associations to limit misfortunes and augment potential open doors.
Now, go for that which suits you.
Hope this helps you!
All the best!!
Please help me i am confuse in 1) Marketing management 2) strategic management 3) Event management Which is best
Some parameters that I will take into consideration will be
Salary
Work life balance
Promotions
Roles
Marketing management:
this field is all about working with people. If you like being in charge of people, this is your fit. You need to have good communication skills because you will be constantly talking to clients. Not only will you be in charge of sales people but you will also have to pitch in and do the selling part. Ones who like it will enjoy this part.
Roles: Every industry needs Marketing and hence the roles variety offered is more in marketing. You will get to work in a lot of industries. But be careful as the learning curve is very high when you change industries.
Salary and promotions: very good starting salaries. Increments too are incredible. But with higher increments, greater expectations are put on the person to perform.
Work life balance: This is a travelling job. You will have to travel a lot in this field. You might not be able to give family a lot of time in this field. But for those who like travelling, this is a dream job.
Strategy Management: Strategic management essentially means the implementation and formulation of various strategies in order to achieve the goals of the company.
Roles: As a strategy manager your role will depend on the situation of the company. It could be that you have to strategize the company's expansion or save it from the competition of other companies. Strategists are required when needed, and this puts greater pressure on the manager to perform.
Salary and promotions: salary depends on company and your role. If you are successful in bringing value, you will be paid handsomely. Strategy managers can find themselves a seat among he board of Directors too.
Work life balance: good balance can be achieved here. You will be pulled in work when the required deadline comes closer but at other times you are mostly less worked after you have given the road map for the organization to follow.
Event management: Creating and executing an event from scratch is what is taught in the course. You will have to be able to multi task if you want to thrive in this field. It gets very stressful very often.
Pay: This field is very volatile and there may be times when there are no events to be done and you will be sitting with no work. And at other times you will be loaded with work uptill your neck. Pay depends on the size and importance of the event.
Roles: Variety of roles and a variety of work is available in this field. You get to meet interesting people and experience things. You can even start your own event management company once you have enough experience.
Now all being said, it's up to you to choose.
Money: marketing > strategy > event
Work life balance: strategy > event > marketing
Satisfaction: strategy > event > marketing..
This is just my opinion and your choice should be based on your interest and passion.
Average salary we get after doing this course and also tell te highest salary
Dear Krushna,
The average salary of strategic management specialist is around INR 4,00,000 to 18,00,000 after post graduation. Some job position are IT manager (11,00,000) , financial manager (9,00,000) , finance advisors (4,00,000) , etc.
Regards
Difference between strategy and strategic management
Hello aspirant,
I can help you with better information.
Strategic Management is all about identification and description of the strategies that managers can carry so as to achieve better performance and a competitive advantage for an organization.
It is a continuous process that evaluates and controls the business and the industries in which an organization is involved.
The business management on other hand, is the day to day job of the manager. It consist of 5 functions planning, organising, staffing, directing & controlling.
Hope above information is helpful to you
Thank you