Strategic Management: Process, Models, and Tools

Strategic Management

Table of Contents
1. INTRODUCTION.......................................................................................................................4
2. CRITICAL ASSESSMENT OF THE PROCESS USED BY ORGANISATION TO
DETERMINE STRATEGIES.........................................................................................................4
3. EVALUATION OF DIFFERENT MODELS AND TOOLS UTILISED BY A BUSINESS
ORGANISATION TO DETERMINE THEIR STRATEGY..........................................................5
4. APPLICATION OF THE DIFFERENT TOOLS THAT ARE UTILISED BY TESCO............6
5. CRITICAL APPRAISAL OF CHANGE MANAGEMENT BASED ON THE COMPLEXITY
OF THE TRANSFORMATION PROCESS...................................................................................9
6. CONCLUSION............................................................................................................................9
7. REFERENCES............................................................................................................................9

1. INTRODUCTION
Strategic management is a process of managing the sources of an organisation in order to achieve
all organisational aims and objectives in an effective manner. It is a process which involves
number of stages number which helps the company to establish their strategies and appropriately
implement them or bring them into practice for desired outcomes (Newburry, Deephouse and
Gardberg, 2019). A Strategic managers role is to develop and overlook on the plans of entity in
order to meet their benchmarks. Strategic management plan is developed by following a
thorough process which has six stages and all the stages enable the strategic manager to develop
and implement an effective strategy for the respective organisation. Tesco is a multinational
organisation which is operating in retail industry through the supermarkets. In the current
scenario the company Tesco is only having its operations offline. This implies that Tesco make
sales and render there offering to people with their physical stores present in different locations
worldwide. Now the company is planning to expand in the digital field and accordingly moving
its operations online. In order to do so plans are developed with the help of strategic management
process which has six stages.