Strategic management significance for construction company development

Today, there is no doubt that a good performance achieves continuous improvement in only those organizations, where every employee gives his best achievement priority to corporate goals and business strategy. Strategy, in the most general terms, is an action plan to achieve those objectives. Strategic management is an ongoing, dynamic and sequential process, by which organization adapts in time to the external environment changes and effectively utilizes its existing potential. Now it becomes more and more obvious that the main feature of the construction company management under market conditions is their long-term outlook orientation, that is, management of fundamental researches, diversification of operations, innovative activities and maximal use of creative efforts of the personnel. The experience of the advanced nations shows that the effective solution of all the above-listed tasks is impossible without the strategic management.