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Strategic Management Assignment: Strategy in Actions

   

Added on  2020-06-06

9 Pages2577 Words81 Views
Leadership Management
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Strategy in actions
Strategic Management Assignment: Strategy in Actions_1

Table of ContentsINTRODUCTION...........................................................................................................................1There are three approaches of strategic management.............................................................1Theory of Strategic management............................................................................................2critically review and develop current themes in relation to strategy context.........................2critically evaluate strategic management theory in an international, industry andorganizational context Criteria...............................................................................................3CONCLUSION................................................................................................................................5REFERENCES................................................................................................................................7
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INTRODUCTIONStrategic action is the important part for the organisation to implement any key decisionfor the growth development and take the competitive advantages. The different theory and modelthat can used in the firm analysis the various situation will help take the important decision. TheMicrosoft in the software industry have the different strategic management. The evaluation andoutcome of these models and approach that help to deal in complex situations.There are three approaches of strategic managementStrategic management and its theory:it refers as the higher authority plan to develop andsustain competitive benefits. The top management will analysis the situation with considerationof internal and external factors. The following step are involved in the strategic managementsuch as:Internal Analysis: it will help to analyse the strength and weakness of the firm in which thecorporate social responsibility.Strategy Formulations: it is also important to bring all the factors to build and sustaincompetitive advantage by same as the firm positions. Design Approach: it is an approach which can be use by the top management toformulate the various strategy in the organisation. This approach is know as the reliance andexternal factors such opportunity and threat that are not existing in the firm external environmentwhich will included the outside the force(Zahra and Nambisan, 2012). Planning approach: it can be help for the organisation to bring the strategy in systematic planingbut the planning will be done by the planner and not from the top management. Solving thedifferent issues with step wise is the main key role of these approachesPositioning approaches: it is concern with the organisation position in the market. With help offive force model with situations of different factor that can e analysis easily such as thebargaining power of supplier. Bargaining power of buyer, thereat from the new entrants andthreat of substitute and rivalry among the competitor.Theory of Strategic managementResource based theory: Every organisation have the different resource and potential . Theresource can be included as the infrastructure and manpower with intangible asset of the1
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