Abstract

The main purpose of this chapter is to evaluate and design a basic strategic management model to be used in the higher education for scholars in Business Administration and Management and other similar degree courses that have an interest in subjects related to Management and Strategy and organizations in the corporate world. The reviewed indicates basic models for strategic management, which were generally made to suit organizations and institutions from different sectors and establishments. These models were found lacking as important elements that academia, practitioner and scholars need to connect their strategies to the overall visions and goals in their institutions and organizations. The Model, which is presented in the chapter, attempts to bridge this gab by providing a route for articulating and implementing strategies for academia and practitioner through the four basic elements that enhanced proper processes and attainment of set out organizational objectives. It includes environmental scanning both (internal and external), strategy formulation (strategic or long-range planning), strategy implementation and strategy evaluation and control. This basic element however, concerns with the evaluation process of the strategy to ensure that the quality of policies and actions provided, and the timely decisions compatible with vision and objectives of the organizations and parent institutions, and aligned with the overall goals of the business environment.