Strategic management for public accounting. May 1992 Strategic management for public accounting. The success of any company depends largely on its ability to adapt to the changing environment. Accounting firms can better fit into their environments with the use of a formalized management system.
Strategic management involves developing a corporate mission and ascertaining the firm's direction.
The process also requires the analysis of the strategic issues that concern the firm, the firms' strength and weaknesses, and the services provided to clients that are in line with corporate goals. In this manner, the firm gets a clearer idea of where it currently is and what direction it wants to take to achieve its objectives. The whole organization should be involved in the implementation of the strategic management system. Company-wide support for the program may be generated by focusing on its benefits and by choosing consensus decision making over formal vote taking. First There's Strategy Strategy involves the match between an organization and its environment.