Strategic Management

Strategic Management

• Introduction
• Strategic solution that support organisation
• Critical evaluation of the organisation’s strategy
• Conclusion
• References
Table of content

Introduction
Strategic management offers all over direction by developing plans and policies created
and formulated to attain objectives and then assigning assets to implement the plans.
Ultimately, strategic management is for companies to earn a rivalry benefit over their
rivals. This section is based on Bang & Olufsen which is a luxury Danish electronics
company and operated its business globally.

Strategic solution that support organisation
Porter Generic Strategies
Cost Leadership- In this strategy, the organisation set low cost to its products with the
purpose of gaining competitive benefits increasing sales and profitability.
Differentiation- Within it, the enterprise search to be exclusive in its industry along
some dimensions that are widely valued by purchasers.