Management Perspectives Report: Definitions, Examples, and Analysis

This report delves into various management perspectives, offering detailed explanations and real-world examples for each concept. It begins by defining strategic goals as broad statements of future organizational aspirations and major targets for long-term success, illustrating these with examples of how organizations like McDonald's focus on growth and profitability. The report then examines strategic leadership, emphasizing the role of leaders in conveying a compelling vision, and strategic management, which involves long-term market comparisons. Strategic plans are outlined as the steps for focusing resources towards common goals, while strategic vision is presented as a roadmap for management. Strategic formulation is discussed as the course of action to achieve aims, and strategy implementation details the processes to reach the desired goals. The report also covers concepts like SWOT analysis, synergy, tactical goals and plans, threats, unrelated diversification, and vertical integration, offering practical insights into how these elements shape organizational success and decision-making. The assignment brief required the use of provided definitions to explain management terms and illustrate their application through examples within the context of a Management Functions Handbook Team, with the aim of preparing for future assessments.

MANAGEMENT PERSPECTIVES
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Table of Contents
Strategic goals..................................................................................................................................2
Strategic leadership..........................................................................................................................2
Strategic management......................................................................................................................2
Strategic plans..................................................................................................................................3
Strategic vision................................................................................................................................3
Strategic formulation.......................................................................................................................3
Strategy implementation..................................................................................................................4
Strategy............................................................................................................................................4
SWOT analysis................................................................................................................................4
Synergy............................................................................................................................................5
Tactical goals...................................................................................................................................5
Tactical plans...................................................................................................................................6
Threats.............................................................................................................................................6
Unrelated diversification.................................................................................................................6
Vertical integration..........................................................................................................................7

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Strategic goals
Organizations will expand the business by developing knowledge and skills. Organizations like
to promote opportunities for employees to grow and learn. Main targets of the organization
include improvement in the competitive position of the organization with the increased
profitability, and to enhance the corporate image.
McDonald experiences the redesign of the future. This organization has the continued support to
develop the business and extensive utilization of economies of the scale to achieve the cost
advantage.
Strategic leadership
The leaders like managers and CEO of organizations have good knowledge as they have passed
the role of employee and studied enough to get the full knowledge. They guide employees to
achieve the long term success for the organization. Management within organization allocates
work to people base on their knowledge and quality of work.
Strategic leadership of Tesco consists of mission, vision, and value to provide the customer with
a better quality of life with an easier way of living.
Strategic management
Strategic management involves long term view to see the big picture of the organization and to
achieve the goals of the organization by comparing the market towards competitors.
Organizations by providing benefits to employees circulate their task to achieve higher success.
Strategic management of IKEA adopts the changes and trends to answer the competitive
environment by respecting the rival organizations.

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Strategic plans
The steps of strategic planning involve focus energy, resources, and operations for common
goals to establish intended results/outcomes to adjust and assess the organizations. Strategic
plans include the better establishment of goals compares to previous goals. These goals consist
of better practices of the management. The strategic plan directs the methodology and framework
to understand the internal and external environments.
The strategic plan of the organization includes priorities to adjust the direction of the
organization with the disciplined efforts by focusing on the future to articulate the progress of an
organization.
Strategic vision
The strategic vision of the organization empowers the teamwork by involving future and
modeling possible states of the future. This is like a roadmap that provides proper direction to
management with the use of allocated resources. This encourages organizations to highlight the
strategic plans to involve the important stakeholder in the process.
The strategic vision of the Woolworths consists to provide best in the convenience, quality, and
values to customers. This group employs a team of 201000 team members to serve more than 29
million consumer every week.
Strategic formulation
Strategic formulation of an organization includes present situations of the organization to that is
a course of an action to achieve the desired aims. This process is very significant for the
accomplishment of an organization. This also delivers a framework for the actions to lead the

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anticipated results. This formulation includes formulation to examine resources by applying the
most appropriate action.
Strategic formulation of Coles consists to delivers the quality products to customers at lower
prices with fresh and better food. This formulation also consists to build a culture of work of the
decisiveness and adaptability.
Strategy implementation
The process of strategy implementation consists to reach the desired goals. This strategic
implementation includes processes and steps of feedbacks to progress report to ensure the track
of the plan. The implementation of a strategic plan is important to address the feature of common
mistake and to involve the necessary assessment plans.
Goals of the organization are to increase the sales and regaining the position in the market.
Engagement of the employees develops strategies to implement plans to support the
organization.
Strategy
A system chose to bring out the desired future like an achievement of a solution or goal knows as
a strategy. The strategy is a systematic procedure that connects key areas to actively deal with
the environment for achieving goals at a competitive level. This is also known as a pattern to
make the relevant decisions for the success of an organization.
A strategy of any organization consists to attract the customer at large level by strengthening
performance to achieve goals and to outlines the desired ends.

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SWOT analysis
SWOT analysis is a framework that consists of the evaluation of the competitive position and
develops strategic planning. This assesses the potential of current and future. This facilitates a
fact-based, realistic, and data-driven for providing accurate conceived beliefs. SWOT analysis is
also known as a technique to assist the competition, performance, and potential of a business-like
line of product, division, and other entity.
SWOT analysis of any organization supports organization to find out the effective result to
compete in today’s competitive marketplace. This analysis helps organizations to identify the
areas of improvement.
Synergy
Synergy is a method of creating new thoughts to make discoveries and emerge seemingly by
accident. Two or more proxies work together to achieve objectives of the organizations either
one couldn’t have achieve on its own. This is a concept for being greater than the total of its
parts.
This follows a concept that two organization combinedlly achieve higher revenues with lower
expenses. Organizations also acquire the same organization to expand the offering of products by
remaining independent.
Tactical goals
Tactical goals are set by the organizations to respond to the real conditions of the world. These
are based on the predictions of the future as tactics are based on present realities. These include

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some serious action. These are the movements that implement strategies in a specific order to
achieve the short term results of an activity.
It is an immediate step for achieving operational objectives that consist of problem-solving and
decision-making skills to apply during the execution.
Tactical plans
The tactical proposal is a progress of action for achieving short goals in a year or less. This
denotes the short term determinations to collect strategic long term aims. An organization
concerned with the components that beneath the top management for must do and has
responsibilities.
Steps of tactical plans needed to accomplish the defined goals in the strategic plan. If an
organization wants to become a leader of a market that it’s double tactical plan to spent sum on
marketing and advertising.
Threats
Threats within the organization can cause a risk to become a loss. This expressed as an aggregate
of risk, and the probability of the incidence of the event. Negative trends in the environment
consist of the impact the ability of an organization or investment to achieve strategic objectives.
These consists of social, technological and legal changes, and the political and economic
environment.
Globalization has made the growing requirements of the customers and more difficult to break
by the products by the high price and poor quality. Changed demographic profile of the
population has reduced the demand for services and products.

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Unrelated diversification
Unrelated diversification is created on the thoughts that new organization purchase under
favorable financial situations with the high potential for higher sales that suitable for the
diversification. This is centered on the accessible involvement of human resources and expertise
to utilize in completely unrelated fields
Owner of an organization is proficient in the arena of computer design that opens an internet
outlet to sell products and to expand activities by adding services of web design etc.
Vertical integration
Vertical integration is an organization to controls the stage of the supply chain. This is the
process that business use to turn material into a product to get to its customers. Manufacturer
organizations sell a wide range of products to get from a regular retailer. The organization also
have outlet stores to sell seasonal products.
A store targets its brands to manufacture and controls the distribution. This cuts the middleman
and offers a product like brand name product at a cheaper price.

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