STRATEGIC MANAGEMENT ANALYSIS

Running head: STRATEGIC MANAGEMENT ANALYSIS
STRATEGIC MANAGEMENT ANALYSIS
Name of student
Name of university
Author’s note:

STRATEGIC MANAGEMENT ANALYSIS1
Executive summary
This report has provided overview regarding importance of strategic planning and procedures
for implementing strategic planning. It has explained three important approaches for strategic
planning which include Stakeholder approach, dynamic capabilities approach and sustainable
practices approach as well. These approaches are analysed in terms of its applications and
how different organizations have successfully implemented this approaches to ensure
organizational success as well.

STRATEGIC MANAGEMENT ANALYSIS2
Table of Contents
Introduction................................................................................................................................3
Three Approaches for strategic management.............................................................................3
Stakeholder approach.............................................................................................................3
Dynamic capabilities approach..............................................................................................6
Sustainable practices approach..............................................................................................8
Conclusions..............................................................................................................................10
References:...............................................................................................................................11
Appendix:.................................................................................................................................13

STRATEGIC MANAGEMENT ANALYSIS3
Introduction
Organizations consider strategic planning for effectively managing business scenario in
contemporary market along with changes in market that affect business as well.
Organizations design strategy for ensuring that they are capable of achieving specific
objectives according to organizational requirements. Therefore, strategic planning play an
important role in organizational context. In order to implement strategic planning, managers
often consider linear design, which is a conventional approach in this context. Linear design
identifies organizational perspective in terms of organizational mission, vision and
organizational values as well (Rothaermel 2017). In this approach, identification of
organizational mission, vision and organizational values is considered as the primary step for
implementing strategic planning. Once these aspects are identified, it is then required to
execute a situational analysis which is considered for analysing internal and external
environments in accordance with the organization. After outcomes of situational analysis are
obtained, it is then required to design long-term goals that is consistent with the
organizational mission and vision and this is one of the most important aspect of this
approach for implementing strategic planning. However, it is not enough to define goals, it is
also required to design strategies and proper action plan for accomplishing those goals as
well.
Three Approaches for strategic management
Stakeholder approach
History
The concept of stakeholder approach for strategic planning was first introduced in later part
of 1980s. This approach was first published in 1984 and it was a part of the Pitman series in