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Strategic Management - Sample Assignment

   

Added on  2021-05-31

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Running head: STRATEGIC MANAGEMENT Strategic Management Name of the Student:Name of the University:Author Note:
Strategic Management - Sample Assignment_1

1STRATEGIC MANAGEMENTExecutive Summary:The report gives an overview of strategic management in the context of the three approaches.Through the report one can get an idea about the concept of strategic management. There is alsodiscussion of the stakeholder approach, dynamic capabilities and the sustainable approach. Thereport put forward a vivid description of each of the three approaches in terms of their viability,benefits, implementation issues and their limitation.
Strategic Management - Sample Assignment_2

2STRATEGIC MANAGEMENTTable of ContentsIntroduction:....................................................................................................................................3Stakeholder Approach.....................................................................................................................4a. Viability of the Approach.........................................................................................................4b. Suggested Benefits...................................................................................................................4c. Implementation Issues..............................................................................................................5d. Limitations...............................................................................................................................6Dynamic Capabilities.......................................................................................................................6a. Viability of the Approach.........................................................................................................6b. Suggested Benefits...................................................................................................................7d. Implementation Issues..............................................................................................................8e. Limitations...............................................................................................................................8Sustainable Approach......................................................................................................................9a. Viability of the Approach.........................................................................................................9b. Suggested Benefits...................................................................................................................9c. Implementation Issues............................................................................................................10d. Limitations.............................................................................................................................10Conclusion:....................................................................................................................................11References:....................................................................................................................................12
Strategic Management - Sample Assignment_3

3STRATEGIC MANAGEMENTIntroduction: The report aims at providing at insight into strategic management in the context ofvarious approaches. This involves the implementation and formulation of the primary initiativesand goals undertaken by the top management of the company on behalf of the owners anddepends on considering the resources and the assessment of the external and internalenvironment where organization undergoes competition. Strategic management involves theconcepts of strategic thinking and strategic planning. Strategic planning is more analytical andrefers to the formalization procedures for producing analysis and data used as the inputs for theprocess of strategic thinking that synthesizes data resulting in strategy. Strategic planning alsorefers to the control mechanism used for the implementation of the determined strategy. In otherwords, strategic planning revolves around strategic thinking and the activities for makingstrategy. Strategic management however involves two key processes that include implementationand formulation of a strategy. The report discusses about the three approaches of strategicmanagement that includes the stakeholder approach, dynamic capabilities and the sustainableapproach. The Stakeholder Approach put forward suggestion that the managers shouldimplement and formulate processes that satisfies the needs of the stakeholders for ensuring thefirm’s long-term success. Dynamic Capabilities refers to the ability of the firm in building,integrating and reconfiguring the external and internal competencies for addressing theenvironment that undergoes rapid change. The Sustainability Approach refers to the renewal ofthe industry for providing sustainable and superior solutions. This is achieved with the help ofactive engagement of the suppliers and customers in the society in contributing to sustainablefuture.
Strategic Management - Sample Assignment_4

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