HRM Report: Strategic Management Analysis, Implementation, and Vision

This report provides an overview of strategic management, focusing on implementation, mission and vision statements, and industry analysis. The report discusses the importance of strategy formulation and implementation, highlighting the challenges and benefits of each. It emphasizes the role of mission and vision statements in guiding organizational decision-making and achieving objectives. The report uses Porter's Five Forces and PESTEL analysis to evaluate the external environment, identifying opportunities and threats. The report emphasizes the importance of strategic management for business majors, highlighting its role in developing a strategic mindset and facilitating career development. The report also includes an analysis of Apple's mission and vision statements. This report offers a comprehensive understanding of strategic management and its application in real-world business scenarios.

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HRM 1
1. The capstone course aims to provide real world scenario with a more holistic approach
that is the aim of the strategy management. The strategy management course requires
learning and remembering the concepts that were studied previously. This class is a
culmination of all the learnings in relation to strategy and business management.
2. Generation of alternative strategies aspect of strategy formulation require the most time
because this aspect requires the organization to find out ways other than one specific
ways that should be implemented in case the business face difficulty (Chang, 2016).
3. Strategy implementation is considered most difficult stage of strategic management
process because implementation is a practical process that can be easily conducted using
the blueprint. Secondly, in most cases it is poorly defined due to which companies face
difficulty in managing it.
4. Mission and vision statements are effective guide for the organizations that helps them in
the process of decision making. These statements act as a guide for organization to
initiate activities based on their objectives in the environment. These statements help in
fulfilling the objectives without getting distracted in the environment (Jannesson,
Nilsson, & Rapp, 2016)
5. Strategies refer to the long term plans of the company than involve several long term and
short term objectives of the company. Whereas policies are formed in the environment to
make sure that, the strategies are implemented effectively and appropriately. All the three
aspects are aligned in each other and cannot be completed without each other.
6. It important for all business majors to study strategic management because this process
helps in developing the mind-set of people and initiating them to take part in strategic
management activities of business. With the help of this process, the people can actively
take part in the strategic management activities and decision-making process of the
organization. It helps in career development of an individual (Johnson, 2016).
7. The self-concept of my college or university is that one should study hard and learn new
concepts to become a competent person personally as well as professionally. The college
aims to groom the person so that they grow and become a market leader in the
environment.
8. Organization: Apple

HRM 2
Mission: provide the best user experience to the customers using innovation, resources
and services in the environment.
Vision: the organization believes that they are on the face of the earth that aspires to
make changes in the product and become innovative in the environment.
9. The porters five force analyse explain the details about the industry in which the
organization is prevailing on the basis of five aspects. These factors are industry rivalry,
bargaining power of buyer, bargaining power of supplier, threat of substitution and threat
of new entrants.
10. External strategic management can be conducted using the PESTEL analysis,
competitor’s analysis etc. These analysis will help the organization to attain details about
the external environment in which organization is present.
11. Social, economic, environment, demographic, cultural, governmental, technological,
legal, political and competitive are the forces that give rise to opportunities and threats
(Thompson, Strickland, & Gamble, 2015).

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References
Chang, J. F. (2016). Business process management systems: strategy and implementation.
Auerbach Publications.
Jannesson, E., Nilsson, F., & Rapp, B. (2016). Strategy, control and competitive advantage.
SPRINGER-VERLAG BERLIN AN.
Johnson, G. (2016). Exploring strategy: text and cases. Pearson Education.
Thompson, A., Strickland, A. J., & Gamble, J. (2015). Crafting and executing strategy: Concepts
and readings. McGraw-Hill Education.