Strategic Management : Sample Assignment
Added on 2021-04-17
20 Pages4481 Words103 Views
Running head: STRATEGIC MANAGEMENT ASSIGNMENT Strategic Management AssignmentName of the StudentName of the UniversityAuthor Note
STRATEGIC MANAGEMENT ASSIGNMENT 1Executive SummaryIn the contemporary global business scenario, with the increasing expansion andcognition of the business activities, proper management of business resources and operationalframework of the companies have been becoming increasingly crucial for the companies tosustain in the market and to increase their prospects and sustainability. This has resulted in theincreasing implementation of the strategic management frameworks in these companies. Theterm “Strategic Management” refers to a set of actions, tools and decision making process whichthe managers of the business institutions develop and implement in order to run theirorganizations effectively and to use their scarce resources efficiently, such that they enjoycompetitive and productive advantages over their competitors. The concept of strategicmanagement has considerably developed over past six decades, much of which can be attributedto the changing patterns of businesses as well as the demands and preferences of the clientele.Since the time of its origin the concept of strategic management has experienced considerablechanges and modifications, with new ideas and models coming into existence. Taking this intoconsideration, the concerned report tries to conduct an extensive review of the existing scholarlyevidences and literary works, critically evaluating them with the intention of exploring thedifferent concepts, ideas, importance and implications of the same in the contemporary businessscenario.
STRATEGIC MANAGEMENT ASSIGNMENT 2Table of ContentsIntroduction......................................................................................................................................3Literature Review............................................................................................................................4Strategic Management.................................................................................................................4Strategic Management: Historical Evolution...............................................................................7Roles and Importance of Strategic Management in Business.....................................................8Strategic Management: Development and New Ideas...............................................................10Advantages of New strategies over Old ones............................................................................15Flaws in Strategic Management Models....................................................................................15Conclusion.....................................................................................................................................16References......................................................................................................................................17
STRATEGIC MANAGEMENT ASSIGNMENT 3Introduction Over the last few decades, the business framework in the global scenario has undergoneconsiderable changes and modifications much of which can be attributed to the changingdemands of the customers across the world as well as to the changes in the supply side scenariosin almost all the industries. The global phenomena like that of globalization as well asliberalizations of different economies have contributed in making the business environment moreintegrated and internationally inclusive with different commercial institutions expanding theiroperational activities across different geographical domains as well as in different markets[ CITATION Fer17 \l 16393 ]. This in turn has resulted in an increase in the number of players inthe supply side of the industries, with the inclusion of international suppliers along withincreased domestic suppliers. This increase in the supply side dynamics along with the consistently changingpreference patterns of the customers have resulted in increasing levels of competitions among thedifferent business organizations. With time, these commercial organizations have felt the need tokeep on modifying the changing their operational structures and to keep on investing ininnovation, not only in their production process but also in their overall thought process, so as tostay ahead of their competitors. With the increase of such needs, has developed the concept of“Strategic Management” in the business scenarios across the world [ CITATION Ver13 \l16393 ]. The concept of “Strategic Management” in general deals with the techniques andprocesses which the managers of the contemporary business organizations implement so as tocontribute to the efficiency in the production process of the organization as well as in the overall
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