Strategic Management Report: Business Strategy, Goals, and Execution

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Added on  2020/05/04

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This report focuses on strategic management, specifically analyzing a company's business strategy and its execution. The report highlights the importance of a well-crafted strategy for business growth, financial planning, and customer satisfaction. The company, Magic Pixel, prioritizes customer needs and aims to offer high-quality products at competitive prices. The report also discusses the company's organizational structure, employee management, and market analysis, including its performance in North America and Europe/Africa. The firm aims to increase sales by offering appealing attributes and assistance and increasing the gains via selling it extravagantly the drone part of UAV through undermining the prices of the competitors. The report concludes by emphasizing the company's efforts to build a strong organizational structure and maintain a positive brand image.
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Running head: STRATEGIC MANEGEMENT
Strategic Management
Name of the Student
Name of the University
Author’s Note
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1STRATEGIC MANEGEMENT
Executive Brief for Crafting and Executing a Competitive Strategy
For the management of any business enterprise it is essential to have a well-crafted
strategy and execution of the same. It is important for Magic Pixel to have a plan which is
detailed and studied and which in turn would aid in the growth of the business, its financing
of market positions, alluring and satisfying the customers, striving to compete, regulating
assignments, and finally accomplishing the intended goals.
Magic Pixel, since the time of its inception, has formulated an aspiring strategic
blueprint by forming a farsighted statement pointing to the accurate directions to which the
company must head to, considered achievement of financial and schematic plans, attracted
profits, and ultimately leading to grand success. For the achievement of this purpose a
strategy was chosen by the firm which concentrated on providing the customers with greater
importance because of the money and catering to the expectations of the buyers’ with respect
to calibre, attributes, accomplishment, and function and at the same time overthrowing the
expectations of prices. Apart from that, the company set up a powerful administration, hired
and reserved employees with required experience, specialized adeptness, and scholarly
eligibility to carry out the processes needed for execution of the plan triumphantly. Other
than that, the company distinguishes the possibilities and potentialities for enabling its
scheme to work out by fixing them into order, fortifying them as required, and finally altering
as according to the evolution of the conditions of market.
The company hopes to understand an elevated figure of sales with respect to action
captive section therein offering greater appealing attributes and assistance and increasing the
gains via selling it extravagantly the drone part of UAV through undermining the prices of
the competitors. The performance of the firm in terms of its assignments was quite good from
year 6 through year 9. According the primary markets of North America (22.7%) and also
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2STRATEGIC MANEGEMENT
that of Europe/Africa (21.0%) there has been gains and resulted in conquering the market and
leaving a firm trace of high efficient brand.
In conclusion, the firm has worked rigorously to construct the guild and labour effort
by arranging value series activities and firm operations authenticating strings of authority and
describing associations, and determining the decision- making power as representative to
managers of lower levels and Frontline employees. Magic Pixel is operating to achieve,
encourage and thrive in market by keeping up a good name, company representation and
character.
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