Bachelor of Accounting Assignment

Running head: BACHELOR OF ACCOUNTING
Bachelor of Accounting
Name of Student:
Name of University:
Author’s Note:

BACHELOR OF ACCOUNTING1
Table of Contents
Introduction:....................................................................................................................................2
Resource-Based Strategy.................................................................................................................3
Viability.......................................................................................................................................3
Suggested benefits.......................................................................................................................3
Implementation issues.................................................................................................................3
Limitations...................................................................................................................................4
Market Based Strategy.....................................................................................................................4
Viability.......................................................................................................................................5
Suggested benefits.......................................................................................................................5
Implementation issues.................................................................................................................5
Limitations...................................................................................................................................6
Stakeholder Approach.....................................................................................................................6
Viability.......................................................................................................................................6
Suggested benefits.......................................................................................................................7
Implementation issues.................................................................................................................7
Limitations...................................................................................................................................7
Conclusions......................................................................................................................................8
References........................................................................................................................................9

BACHELOR OF ACCOUNTING2
Introduction:
The strategic management of an organization refers to managing of the existing resources
of an organization to achieve the desired goals and objectives. Some of strategic concepts has
been seen to be conducive in analysing the competitive environment and analysing the internal
organizational strategies along with ensuring management adheres to the same. The theories
under the concept of the strategic management is discerned to provide the various guidelines
which are associated to the developing the policies and plans and allocating the resources to
implement the relevant plans. Based on the assessment made by Michael Porter the underlying
strategy is seen to be based on the various types of the factors which are seen to be associated to
creating unique valuable position and making trade off with the choosing of what the appropriate
strategies which needs to be implemented. It has been further seen that the different types of the
strategies under the corporate strategic management concepts needs to be evaluated as per the
analysis, strategy formulation and goal setting. The implementation is further seen to be taken
into consideration with the structure, control and feedback (Bauer and Matzler 2014).
Some of the main of the strategic management approaches are discussed with the use of
resource-based approach, market based, and stakeholder approach. The relevant discussions
associated to these theories are discussed with the viability, benefits and implementation issues
and limitations.

BACHELOR OF ACCOUNTING3
Resource-Based Strategy
The resource-based view provides the relevant explanation for the competitive
heterogeneity with the primes of the close competitors. In addition to this, thee resource based
views is seen with the consideration of the various types of the factors which are seen to be
related to the use the internal resources for gaining a competitive advantage. The
conceptualization of such an approach aims to use the internal resources to form a more durable
strategy for the organization (Strategic BCP 2015).
Viability
The viability of this strategy is included with the different types of the evaluations which
are seen to be considered with achieving the competitive advantage in both strategic marketing
and strategic thinking. In addition to this, the different types of the other approaches of this
strategic management has been considered with getting a key insight related to the sustainable
competitive advantage. The viability of this approach is considered with identifying the potential
key resources and evaluating the VRIN criteria such as valuable, rare, imperfectly imitable and
non-substitutability. The viability also deals with the developing, nurturing and protecting the
resources.
Suggested benefits
The application of this strategy is conducive in terms of the various types of the situations
where the management is seen to be facing a tough competition from the other new entrants in
market. This strategy is also seen to be conducive in terms of the assessment of the exiting
internal resources which are available to the firm. The RBV strategy formulation is also
beneficial in terms of the price position, innovation positioning, service positioning, benefit
positioning, innovation position and tailored positioning (Unit and Area 2014).
Implementation issues
Some of the main implementation issues to this approach has been further seen with
resource configurations, role of the products in the markets and limited nature of the perspective
implications. In addition to the issues to this theory some of the various types of the other issues
to this theory is considered with the failure to consider the factors surrounding the resource and
the assumptions of the highly profitable competitive market environment. Some of the various