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Developing a Sustainable Model for Strategic Competitiveness

   

Added on  2019-10-30

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Running head: ASPECTS IN STRATEGIC MANAGEMENTASPECTS IN STRATEGIC MANAGEMENT Name of the studentName of the universityAuthor note
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1ASPECTS IN STRATEGIC MANAGEMENTExecutive summary:The aim of this report was to analyze and briefly discuss the strategic management prevailing inthe global business world and additionally explore the different approaches involved in thestrategic management. A media survey helped in the analysis and discovery relative to the topics.The results indicate the nature and the implementation effects of the approaches. The reportconcludes on the viability and limitations involved in each. It is recommended to conduct thesuggested researches to elaborate and achieve a developed business theory of management.
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2ASPECTS IN STRATEGIC MANAGEMENTTable of ContentsINTRODUCTION:..........................................................................................................................3Standard Linear Approach:..............................................................................................................4The Shortcomings Involved:............................................................................................................5The Stakeholder Approach to Strategic Management:....................................................................6The Dynamic Capabilities in Strategic Management:.....................................................................7Sustainability Approach to Strategic Management:........................................................................9CONCLUSION:..............................................................................................................................9Viability, Limitations and Mitigations Involved In Approaches:..............................................10REFERENCES:.............................................................................................................................12
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3ASPECTS IN STRATEGIC MANAGEMENTINTRODUCTION:The strategy process involved in management realizes the crucial point of strategicreorientations, which is a necessity with the developing and changing economy. This tendencyinvolved in marketing process tends to introduce alternatives intending that change is never full-proofed and thus introduces alternative approaches towards strategic management. WhileStrategic management is a formulated technique for the implementation of prime goals anddecisions, involving initiatives of different aspects by the higher level management system asrepresentatives of the owners of any organization or company (Laudon et al. 2012). Themanagement plan actions accordingly, based on certain factors, considering the availability ofresources and an intense assessment regarding the prevailing internal and external conditionsinfluencing the sustainability and competence of the organization,. Another aspect of this is theStrategic Management Accounting (SMA) is the process to merge objectives with information ofmanagement accounting to create a model that would assist the management to take beneficialactions relative to productivity (Barney 2012). Thus, as a result, the strategic management is anorganization majorly sets the priorities by channelizing the energy and resources in the correctoriented path to strengthen operations and establish a profound foundation. This report deals withthe various approaches and limitations involved in strategic management. Alongside, mitigationsare suggested towards a sustainable stature. Discussion: Strategic management is a consistent process involving the access to thebusiness and the industries in which it is an essential part. This can be defined as an art andscience that enables and evaluates the cross-functional decisions that enable an organization toachieve the set targets (Brodie and Mylopoulos 2012). The process generally involves the
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