Strategy Development.

Strategy Development
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Strategy Development
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Key Things That I learned in this Module: The module really was very well researched
and it made me learn many new things which I was not aware of. The key things that I learnt
from this unit are:
1. The Strategic Management Process: The process has explained me that how
I should develop strategies for my future plans the unit was full of explanation
for the need of strategies at the different level of management. I have explored
that strategy development is necessary in all fields of life (Schillin, 2019).
2. The Environment: In this unit, I have learnt that the environment plays an
important role in framing the decisions. It’s better to analyze all risk,
challenges, opportunities associated with the internal and external
environment, so that the decision taken afterwards is beneficial for an
individual and the organization.
3. Strategic Capability: This unit has made me learnt how to gain a better
position in the market than the competitors i.e. competitive advantage and now
I am capable of doing the SWOT Analysis of myself as well as of my
organization to gain the competitive edge (Dyson, 2014).
4. Strategic Purpose: This unit had explained me the need of the social
responsibility that the business should take care of abiding all the government
compliances for the sustainability of the stakeholders.
5. Culture and Strategy: This unit has made me aware that the cultural swift
makes difference in the strategy making in an organization. The managers
should look into the cultural perspective while designing the strategies for the
company (Morecroft, 2019).
6. Business Level Strategy: Under this unit I have learnt that how to prove your
company the best while competing with the various competitors present in the