Organizational Management Report: Competitive and Adaptive Strategies

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Added on  2022/08/27

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This report delves into the core concepts of organizational management, offering a comparative analysis between SWOT analysis and the Five Forces framework, highlighting their roles in strategic management. It distinguishes between adaptive strategies and market entry strategies, explaining how organizations can use these strategies to gain a competitive edge. The report also examines the differences between these two approaches, outlining the impact of these strategies on business structure and competitive advantage. By using this analysis, the report provides a comprehensive overview of strategic management, competitive dynamics, and market entry strategies, helping readers understand how these elements contribute to organizational success and sustainability. The report utilizes academic references to support its arguments and provide a strong foundation for understanding the topics discussed.
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Running head: ORGANIZATIONAL MANAGEMENT
Strategic management
Name of the Student
Name of the University
Author’s Note
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ORGANIZATIONAL MANAGEMENT
Differences between SWOT analysis and focused competitor analysis
The Fiver Forces Framework which is created by Michael Porter is one type of tool to
analyse the competition within a business (Brooks, Heffner & Henderson, 2014). Moreover,
this analysis indicates the focused competitor analysis. Both of these analysis that means the
SWOT analysis and also Five Forces analysis are utilized for measuring the strategic
management. The fundamental difference between these two analysis is that the SWOT
analysis is mainly used for focusing the specific elements of any organization whereas the
five forces analysis emphases the five competitive factors which is indirectly linked with the
strategic management of any organization.
In the case of the level of the specificity, the SWOT analysis provides the whole
assessment about the present positions of any organization which leads to serve the strategies
taking for future. Apart from that, the five forces analysis helps to take the strategies for
particular five factors that is directly linked with the services as well as products of any
organization.
In the case of competition, the SWOT analysis helps to explain the current position of
the business and moreover, the five forces analysis helps to analyse the competitors and
understanding the inhibit power by which the competitors suppress any organization
(Phadermrod, Crowder & Wills, 2019). By using this analysis, it can be understood about the
opportunities for running the business which have an alignment with the competition.
Moreover, in the field of time orientation, the SWOT analysis evaluates the current timing of
the business positions and however, the five force analysis helps to calculate the strategies for
taking the future decisions.
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ORGANIZATIONAL MANAGEMENT
Differences between adaptive strategies and Market entry strategies
The adaptive strategies is one special kind of approach by which it is very difficult to
predict the exact business related environment and for that, it is also hard to provide the
perfect shape to the business while the advantages of the organization are within short period
(Trigeorgis & Reuer, 2017). The customer needs as well as competitive offerings, industry
structure all are belong within this adaptive approach. Basically, when the organization
changes the business structure for making a competitive edge within the market, at that time,
the organization takes this strategies.
On another side, the market entry strategy is a new kind of planning strategy which
incorporates the delivery method of the organization at the initial timing for reaching the
target market (Glowik, 2016). If any organization has been determined its business structure
as well as advantages from the initial timing, therefore the organization utilizes this strategies
for meeting the target market and create a new competitive side among other organizations
within market.
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ORGANIZATIONAL MANAGEMENT
References
Brooks, G., Heffner, A., & Henderson, D. (2014). A SWOT analysis of competitive
knowledge from social media for a small start-up business. Review of Business
Information Systems (RBIS), 18(1), 23-34.
Glowik, M. (2016). Market Entry Strategies: Internationalization Theories, Concepts and
Cases of Asian High-Technology Firms: Haier, Hon Hai Precision, Lenovo, LG
Electronics, Panasonic, Samsung, Sharp, Sony, TCL, Xiaomi. Walter de Gruyter
GmbH & Co KG.
Phadermrod, B., Crowder, R. M., & Wills, G. B. (2019). Importance-performance analysis
based SWOT analysis. International Journal of Information Management, 44, 194-
203.
Trigeorgis, L., & Reuer, J. J. (2017). Real options theory in strategic management. Strategic
Management Journal, 38(1), 42-63.
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