Strategic Management Report 2022

Management
Strategic Management
Student’s name
8/23/2019

Strategic Management 1
Executive summary
This report mainly highlights about the strategic aspects of the management of the company.
The company applies to it in order to generate more success not only in financial terms but also
in terms of reputation. Other than this, formulation strategies and the course of actions, which the
company adopted to attract more of customers and earn success for the longer, time period.
Likewise, focusing on customers along with the digital aspects leads to the generation of
accomplishment of set objectives and goals of the organization. Hence, Woolworth in this case
highly applies the customer centric approach. Moreover, certain recommendation such as being
innovative, development people and performances are the core areas on which they are working
to attain success.

Strategic Management 2
Contents
Executive summary.........................................................................................................................1
Introduction......................................................................................................................................3
Course of actions.............................................................................................................................5
Conclusion.......................................................................................................................................7
Recommendations............................................................................................................................8
References........................................................................................................................................9

Strategic Management 3
Introduction
Strategic management is one of the finest processes, which mainly comprises of continuous
planning, monitoring and analysis and assessment of various objectives and goals, which are set
by the organization. It also includes the organizations innovations, new emerging technologies
and meeting the end customers’ needs and wants and for all this, they keep on making the
strategic decisions to remain successful for the longer period. Hence, it is seen that strategic
management process helps the entire company to see the present situation, take suitable actions
and make various strategies, deploy them and after analyzing the effectiveness implement the
strategies and generate more success to organization (Ungson, & Wong, 2014).
In terms of core competencies is a mainly highlight about the specific factors which helps the
companies to do something different as compared to the other companies dealing in the same
offerings. It basically highlights about the unique capabilities of the companies which helps them
to achieve the competitive advantage. Hence, in simple words, core competencies is the deep
proficiency which enables the organization to deliver unique value to its ultimate customers and
further it helps the organization to attain its set objectives and generate more success in an long
run.
In terms of Woolworth, it is the most famous food group, which applies various strategies to win
faith of its clienteles, and upsurge its part of the clienteles by providing products and services at
lower charges and working over refining all the features of the shopping knowledge of the
customers.
It was seeing that the face of the retail is evolving quickly, as with time in terms of technological
aspect Woolworth has started focusing over the online shopping experience, which generates the
exponential growth rates globally. As for Woolworth, customers’ needs their preferences and
behavior continuous to evolve rapidly and with increasing time, seeking for more convenience in
every day shopping. By knowing this, Woolworth develops the online delivery, pick up and
drive-thru options or strategies are up-graded in order to improve the customers’ experience.
Another strategic aspect, which Woolworth applied to generate the competitive advantage, which
highlights about the corporate responsibility and sustainability aspect which mainly covers