Strategic Management Theories and Models in Practice

SIM336 – STATEGIC
MANAGEMENT
T

TABLE OF CONTENT
INTRODUCTION.................................................................................................................................3
MAIN BODY........................................................................................................................................3
Identified issues related to strategic management..............................................................................3
Strategic theories and models practices.............................................................................................3
Strategic management theories..........................................................................................................7
RECOMENDATIONS........................................................................................................................10
CONCLUSION...................................................................................................................................11
REFRENCES......................................................................................................................................12

INTRODUCTION
Strategic management can be understood as one of the most important process within
company scenarios for monitoring, assessment and analysis of functional parameters within
business goals to meet goals and objectives in longer run. Strategic management enables
companies to constantly analyse strategies fundamentally for developing new innovation
growth constantly for assessing success in business goals and to regain larger views within
new hemispheres dynamically. Sainsbury is one of the biggest UK retail company having
large number of products and services under various stores globally and also has global
presence. The report will be discussing strategic theories and models in practices for detail
study and analysis of how new changes can be implemented within company. It will be also
analysing case study approach for gaining analysis of how innovations within diversity of
thoughts and larger productive services enable more business expansion successfully. The
report will be also explaining recovery plans format where major changes and divergent
functional scope shall be analysed for risk management strategy to gain effective new
revenue standards and larger profitability in longer run.
MAIN BODY
Identified issues related to strategic management
. The issues faced by Sainsbury are industry pressures within competitive retail
industry where various new companies and brands are entering with innovation and diverse
goals, also changing consumer preferences are widely changing. There is also issue of Brexit
where political environment change is widely impacting functional scenarios of company
within business paradigms, with high rise in taxes and interest rates there is also impact on
consumer products prices. The issue of industry pressure is dynamically growing on major
domains and new functional ethics, where majorly Sainsbury has been unable to cope up with
innovation diversity among production and for larger goals forming on wider scales.
Resources shall be monitored with strategic planning, minimized risk factor shall be used and
also control on probability or impact of unfortunate events in business and minimize the
realization of varied opportunities (Akter, Wamba and Childe, 2016).
Strategic theories and models practices
Strategic management functionally includes goal setting, analysis, strategy formation,
strategy implementation and strategy monitoring for varied new domains expertise which

reduces wide risks, also focuses leveraging goals within dynamic industry parameters. The
strategic models and theories implementation have successfully enabled management to
analyse changes within company business scenarios and to keenly also focus on varied new
paradigms where new strategies shall be formed.
Porter 5 force strategic management model
This is one of the most actively used strategic management model which uses varied
new functional analysis based on external forces within industry goals, for divergent
paradigms within future business scenarios. Sainsbury business scenarios can be structurally
analysed by using this model where forces are as follows (Barghouthi, 2017):
 Competitive rivalry: Retail industry of UK is widely growing with high competition
and business efficacy of large innovation within productive services among wide
range of target customers. Sainsbury faces high risk within competitive rivalry
domains where there are various new start-ups and ventures coming in with new
diverse range of products and also services (Appleyar and Chesbrough,, 2017).
Rivalry within retail industry is developing on new scope paradigms with divergent
goals, expertise and technical efficiency which enables business to have various
digital platforms to be also active on. Barriers for entry: Sainsbury faces moderate risk form barriers to risk within retail
industry where there is strong brand goodwill developed among consumers, also there
is varied new specialised service growth which shall be strategically planned to be
competitive grown. This risk can be strategically formed with barriers to entry such
as consumer preferences, demand and supply network supplies be dynamically
shifting on varied range parameters.
 Threats for substitution: Consumers preferences are highly shifting and changing for
having new products range with larger innovation and productive diversity among
them, where new companies are forming business regulations based on competition
factor. Sainsbury faces moderate risk form the threat of substitution as consumers
preferences are an integral part of strategy formulation for brand, where it is focusing
ahead (Burgelman, Floyd and Whittington, 2018).
 Buyer power: Price factor is also another important factor for growing importance of
how are products and services being sold at market within competitive industry
domains, larger goals specialised for gaining higher profits. Sainsbury buyer power