Browse Course Material

Course info, instructors.

  • Rohan Sahani
  • Prof. Arnoldo Hax

Departments

  • Sloan School of Management

As Taught In

Learning resource types, strategic management i, assignments.

SES # TOPICS CASES AND QUESTIONS
1 The Delta Model

i. Which of the three options presented - Best Project, Total Customer Solutions, System Lock-In - seems to be the most appropriate, and under which conditions?

ii. Select some companies that you are familiar with and try to identify what, in your judgment, is the existing strategic positioning of the company and whether you would suggest a better alternative.

2 Porter’s Frameworks and the Resource-Based View of the Firm

i. How would you use the three frameworks?

ii. Does anyone of them seem to you to dominate the others or could you benefit from selectively using all of them?

3 Customer Segmentation and Customer Value Proposition

i. Identify a company that you are familiar with and try to perform a customer segmentation.

ii. Position the resulting tiers in the Delta Model Triangle.

iii. At least for one tier, develop a creative custom value proposition.

4 The Firm as a Bundle of Competencies and Putting it All Together

i. How does the resource-based view of the firm compare with the methodology suggested by the Delta Model to address the firm’s competencies?

ii. Select a company that you are familiar with and try to identify its existing and desired capabilities.

5 Industry Structure and Competitive Interaction

Yoffie, David B., and Yusi Wang. “Cola Wars Continue: Coke® and Pepsi in the Twenty First Century.” Boston, MA: Harvard Business School Case 9-702-442, January 11, 2002.

i. Why is the soft drink industry so profitable?

ii. Compare the economics of the concentrate business to the bottling business; why is the profitability so different?

iii. How has competition between Coke® and Pepsi affected the industry profits?

iv. Can Coke® and Pepsi sustain their profits in the wake of flattening demand and the growing popularity of non-carbonated drinks?

You might consider using Porter’s Five Forces Framework to address some of these issues.

6 The Decommoditization of a Business

Anand, Bharat N., Michael G. Rukstad, and Christopher H. Paige. “Capital One Financial Corporation.” Boston, MA: Harvard Business School Case 9-700-124, April 24, 2000.

i. What are the key elements of Capital One’s strategy that allows them to differentiate themselves from the rest of the industry?

ii. How sustainable is Capital One’s competitive advantage? What can competitors do?

iii. Is the strategy transportable to other industries?

In responding to question “i”, you might identify Capital One’s competencies by considering the eight strategic positionings that are part of the Triangle in the Delta Model.

7 Competitive Positioning

Ghemawat, Pankaj, Stephen P. Bradley, and Ken Mark. “Wal*Mart Stores in 2003.” Boston, MA: Harvard Business School Case 9-704-430, September 18, 2003.

i. What are the sources of Wal*Mart’s competitive advantage in discount retailing?

ii. How sustainable will its position be in the future?

iii. What challenges does Wal*Mart face?

In responding to question “i”, you might identify Wal*Mart’s competencies by considering the eight strategic positionings that are part of the Triangle in the Delta Model

8 Sustaining Competitive Advantage

Rivkin, Jan W., and Michael E. Porter. “Matching DELL™.” Boston, MA: Harvard Business School Case 9-799-158, June 06, 1999.

Ghemawat, Pankaj, and Jan W. Rivkin. “Creating Competitive Advantage.” Boston, MA: Harvard Business School Case 9-798-062, January 25, 1998.

i. How and why did the personal computer industry come to have such low average profitability?

ii. Why has DELL™ been so successful?

iii. Prior to the recent efforts by competitors to match DELL™ (1997-1998), how big was DELL™’s competitive advantage? Specifically, calculate DELL™’s advantage over Compaq in serving a corporate customer.

iv. How effective have competitors been in responding to the challenge posed by DELL™’s advantage? How big is DELL™’s remaining advantage?

DELL™ is properly being presented as one of the most innovative companies, the creator of a business model that has received a great deal of attention in the networked economy. Questions i. and ii. can be addressed using Porter’s Five Forces and Porter’s Value Chain frameworks respectively. The third question allows for you to do some numerical calculations to quantify DELL™’s advantage over Compaq. You are welcome to work in groups in preparation of this analysis.

9 Competitive Dynamics

Ghemawat, Pankaj, and Bret Baird. “Leadership Online (A): Barnes & Noble vs. .” Boston, MA: Harvard Business School Case 9-798-063, May 26, 1998.

Corts, Kenneth S., and Jan W. Rivkin. “A Note on Microeconomics for Strategists.” Boston, MA: Harvard Business School Case 9-799-128. March 30, 1999.

i. Based on your own experience of traditional bookselling and your exploration of online bookselling, compare willingness-to-pay for books supplied by these two business models.

ii. Also compare the forecast long-run cost position of a successful online bookseller to Barnes & Noble’s traditional business model. (Assume that Exhibits 4 and 7 in the case reflect average discounts of 10% off list price for Barnes & Noble’s traditional bookstores and 25% off list for the online bookseller.)

iii. Assess Barnes & Noble’s response to the substitution threat from AMAZON®. How did AMAZON® respond in turn, and to what net effect?

iv. Who will be the online leader? Will it ever make much money selling books (as opposed to selling stock)?

Please contrast the competitive positioning of a traditional, off-line, competitor like Barnes & Noble vs. an on-line channel like . With regard to question i., a customer willingness to pay for a product or a service is the maximum amount of money a customer is willing to part with in order to obtain a product or a service. The question is whether you find any significant difference in your willingness to pay for a book being acquired under these two different channels. In question ii. You might want to use the most recent data provided in Exhibit 4 (1996 for Barnes and Noble) and Exhibit 7 (F2001E for AMAZON®). Remember that Barnes & Noble provides 10% discount off list price, and AMAZON® provides 25%. The case is a good vehicle also to talk about the substitution threat Barnes & Noble and how it is responding against AMAZON®.

10 Putting it All Together: Integrating The Critical Tasks of Strategy

i. What is the role of the frameworks that we have discussed in the course (Porter, Resource-Based View for the Firm, and the Delta Model) in the definition of the critical strategic tasks?

ii. Be ready to discuss the issues that you face when implementing a business strategy.

11 Corporate Strategy - The Core Concepts

i. What are the central differences that exist between the development of a corporate and a business strategy?

ii. Should corporate strategy be formulated first and then followed by the development of the individual business strategies that are part of the corporate portfolio (a top-down approach), or should the business strategies be done first and then followed b the formulation of a corporate strategy (bottom-up approach)?

iii. Under which conditions do you favor one approach vs. another?

Be prepared to discuss each of the 10 corporate tasks described in the Hax and Majluf paper.

12 Corporate Philosophy and Culture

Aguilar, Francis J., and Arvind Bhambri. “Johnson & Johnson (A).” Boston, MA: Harvard Business School Case 9-384-053, August 19, 1983.

Aguilar, Francis J., and Arvind Bhambri. “Johnson & Johnson (B): Hospital Services.” Boston, MA: Harvard Business School Case 9-384-054, August 19, 1983.

(Johnson & Johnson (A))

i. Comment on Johnson & Johnson (J&J) philosophy and culture. Are they overdoing their decentralization policy? What is your opinion about “The Credo?”

ii. How are strategic and operational responsibilities handled at J&J? Do you like their strategic planning process and their executive compensation?

(Johnson & Johnson (B): Hospital Services)

iii. By establishing the Hospital Services Group (HSG), J&J seems to be taking an action against the fiber of its decentralization philosophy and culture. Do you agree with that decision?

iv. Comment on the charter of HSG. How would you prevent possible conflicts between HSG and the J&J companies?

Although these cases on the surface are quite old, they address some very critical issues that have profound relevance in management regardless of time. The A case presents a company that is enormously consistent in terms of its culture, management processes, and philosophy. Decentralization is the trademark of that organization. Case B deeply challenges the effectiveness of this management structure. I have two very interesting tapes of Jim Burke, who was CEO of Johnson & Johnson at that time that I would like for you to see.

13 General Principles of Organization Design

i. What are the advantages and disadvantages of the three major organizational archetypes: functional, divisional, and holding organizational forms?

ii. How do you develop a properly balanced Back-End Front-End organizational form?

iii. How do you assume proper horizontal coordination across the individual organizational units?

14 Human Resources Management and Knowledge Management

Bartlett, Christopher A. “McKinsey and Company: Managing Knowledge and Learning.” Boston, MA: Harvard Business School Case 9-396-357. June 28, 1996

i. How was the obscure little firm of “accounting and engineering advisors” able to grow into the world’s most prestigious consulting firm fifty years later? What was the unique source of competitive advantage developed by James O. McKinsey and later Marvin Bower?

ii. How effective was Ron Daniel in leading McKinsey to respond to challenges identified in the Commission on Firm Aims and Goals? What contribution did Fred Gluck make to the required changes?

iii. Judging by the evidence in the three mini-cases of front-line activities in the mid-1990s, how effective has the firm been in its two-decade long change process?

What is your evaluation of Rajat Gupta’s “four-pronged” approach to knowledge development and application within McKinsey? As a senior partner, what specific advice would you give him?

15 Business Processes: The Core Concepts and Managing the Global Supply Chain

Yoshino, Michael Y., and Anthony St. George. “Li & Fung (A): Beyond ‘Filling in the Mosaic’ – 1995-98.” Boston, MA: Harvard Business School Case 9-398-092. January 05, 1998.

i. How is Li and Fung able to maintain margins three times those of the rest of the industry? What are its specific strengths and how does it differ from more traditional competitors?

ii. What attributes of Chinese business culture does the company exhibit? Are these strengths for the company?

iii. What are the benefits of the Li and Fung matrix sourcing system?

iv. How does the venture capital group contribute to Li and Fung’s growth? What are the challenges the company faces going ahead and what issues does it need to address in order to expand? How and where should it expand?

16 Metrics of Value Creation

i. Discuss the role of metrics that contribute to the economic value generated by a strategy.

17 The Balanced Scorecard and Granular Metrics

i. Make sure that you understand the role played by aggregate and granular metrics both in defining a strategy and in monitoring its execution.

18 Organizational Leadership

Bartlett, Christopher A., and Meg Wozny. “GE’s Two-Decade Transformation: Jack Welch’s Leadership.” Boston, MA: Harvard Business School Case 9-399-150. April 28, 1999.

i. How difficult a challenge did Welch face in 1981? How effectively did he take charge?

ii. What is Welch’s objective in the series of initiatives he launched in the late 1980s and early 1990s? What is he trying to achieve in the round of changes he put in motion in that period? Is there a logic or rationale supporting the change process?

iii. How does such a large, complex diversified conglomerate defy the critics and continue to grow so profitably? Have Welch’s various initiatives added value? If so, how?

iv. What is your evaluation of Welch’s approach to leading change? How important is he to GE’s success? What implications for his replacement?

facebook

You are leaving MIT OpenCourseWare

Library Home

Strategic Management

(15 reviews)

assignment strategic management

Kennedy B. Reed, Virginia Tech

Copyright Year: 2020

ISBN 13: 9781949373950

Publisher: Virginia Tech Publishing

Language: English

Formats Available

Conditions of use.

Attribution-NonCommercial-ShareAlike

Learn more about reviews.

Reviewed by Jiwon Suh, Assistant Professor, University of Texas at Arlington on 3/7/24

This book covers core topics that should be included in a strategic management textbook. I particularly like that the book has a chapter devoted to corporate governance, ethics, and social responsibility. I hope to see that vertical and horizontal... read more

Comprehensiveness rating: 4 see less

This book covers core topics that should be included in a strategic management textbook. I particularly like that the book has a chapter devoted to corporate governance, ethics, and social responsibility. I hope to see that vertical and horizontal alignment within an organization is highlighted at the beginning of the book. I see it in Chapter 10.

Content Accuracy rating: 5

This book contains core and major models, concepts, frameworks, and theories that should be included in a strategic management textbook. Especially, this book also explains a balanced scorecard and its linkage with organizational mission and vision.

Relevance/Longevity rating: 5

The main content is highly relevant. The concepts and frames that are included in the book are not fast-changing. This book uses a variety of examples to explain concepts to help students understand. These examples are a good mixture of timing (old and relatively new) and I believe such examples should be aged well to evaluate.

Clarity rating: 5

This book was well-written. This book uses clear language so that students including undergraduates can easily follow.

Consistency rating: 5

This book is consistent with all the structures and contents that are expected in the strategic management textbooks.

Modularity rating: 5

The topics in this book are well divided into 11 chapters so that faculty members can easily develop a semester-long course. On page 2, the authors also provide 6 modules on how these chapters can be used in a shorter course.

Organization/Structure/Flow rating: 5

The way of chapter sequencing is easy to follow: understanding strategic management -> external analysis -> internal analysis -> strategy development -> implementation. Every chapter provides ‘Learning Objectives,’ ‘Key Takeaway,’ and ‘Exercises’ from which students can effectively learn about the topics in the chapters. Also, figures, pictures, videos, and other sources are very helpful.

Interface rating: 4

External sources were hyperlinked with the original sources. This book also provides enough space between paragraphs and the next sections. This helps readers. It would be very helpful if the book included an Index at the end of the book.

Grammatical Errors rating: 5

I didn’t find any grammatical errors.

Cultural Relevance rating: 5

This book uses examples from different cultural backgrounds, such as an example of ancient China and wars on Russian soil on pages 18-20 and an example of Starbucks in Korea on page 33.

I'd like to use this book for my Strategic HR management course in the public and nonprofit sectors. Although this book doesn't 100% fit my course, I can use this book to explain and provide core/major concepts of strategic management.

Reviewed by Sergiy Dmytriyev, Assistant Professor of Management, James Madison University on 9/10/23

The textbook covers all key topics in the strategic management such as overall strategy, business- and corporate-level strategies, the analysis of external and internal environments, international strategy, organizational design, innovation, etc.... read more

Comprehensiveness rating: 5 see less

The textbook covers all key topics in the strategic management such as overall strategy, business- and corporate-level strategies, the analysis of external and internal environments, international strategy, organizational design, innovation, etc. Each sections ends with the reference list of the cited sources, and the Glossary of key terms is provided at the end of the book.

The book is well-written which makes it an easy read.

The content is up-to-date, with plenty of contemporary business situations and examples. At the same time, these examples are of general nature and can be used in a classroom for many years ahead, without become obsolete. Having said that, the textbook also has a number of historical examples which is a must to have in order to learn from strategic successes and failures.

The text is written in a more informal way than in some other strategic management textbook. This makes this textbook better perceived by undergraduate students, who are rather more excited by its interesting and accessible prose.

Consistency rating: 4

The textbook utilized common terminology and frameworks used in the strategic management field, and is consistent throughout the whole text. The only thing, sometimes I could have a feeling that there were many interesting narratives and examples, but some of them might not be well connected among themselves, which could make the reading slightly less coherent, though it wasn't a big deal.

Indeed, the text is readily divisible into smaller reading section since many of them start and end in a similar fashion making them standalone pieces. I didn't find many self-references which serves the modality purpose well.

The book is well organized in terms of the sequence of introduced topics and the transitions between them.

Interface rating: 5

The textbook offers an easy-to-follow navigation structure such as a numeration for each section/subsection as well as consistent headings' styles and the use of colors and graphical designs.

I didn't find any grammatical errors or typos in the text which speaks to its high quality.

Cultural Relevance rating: 3

The textbook is full of various examples from different countries which helps keep the reader's mind open to insights from different cultural environments. Yet, I wish there would be more examples with female and minority managers - I realize that today those groups are still underrepresented in leadership roles, but the author could have considered purposefully selecting those stories/backgrounds which may appeal to and inspire different audiences.

Most sections in the textbook end with discussion questions (often provoking ones) which can help with kicking off interactive discussion in class. The key information is summarized in the form of tables or graphs that make it easy to review the summarized learnings. There are also many videos throughout the book which can help break the monotony of reading with interesting visual experiences.

To sum it up, the textbook offers a typical content for a strategic management textbook (in terms of key strategic topics, terminology, theories and frameworks, etc.), yet it does it in a more appealing way compared to some more "formal" available textbooks in the market. In addition to offering discussion questions and exercises at the end of each section, the textbook also utilizes a more accessible prose for undergraduate students, as well as provides many illustrative or summary tables and graphs, as well as short business stories and videos done in an interesting way.

I really like the textbook and this year I started using it in my Strategic Management course.

Reviewed by Jeffrey Gale, Professor Emeritus of Strategic Management, Loyola Marymount University on 4/10/23

[Note: I used the book in my Strategic Management class in Spring 2023 semester. I have, in the past, used the open textbook, Mastering Strategic Management on which this one is based as well as a commercial version of the text which was picked up... read more

[Note: I used the book in my Strategic Management class in Spring 2023 semester. I have, in the past, used the open textbook, Mastering Strategic Management on which this one is based as well as a commercial version of the text which was picked up by a pubisher.] The coverage in the book is pretty standard for Strategic Management texts. It's a little light on implementation/execution particularly on reward systems, strategic leadership and a bit on culture. Like most of the texts, it really doesn't cover the online world. Because it was done in 2020 and used some of the materials some of the materials need newer examples--and to reflect lessons of the pandemic and de-globalization (in Chap. 9) There is a glossary but no index.

The coverage of the book is accurate in the concepts handled.

Relevance/Longevity rating: 4

All strategic management textbooks suffer from obsolescence--it is the nature of the subject matter and the need for ongoing revision of relevant examples. The concepts change more slowly. Use of the book requires instructors to fill that in to make the material relevant. The prior book (from 2020) was not updated for years which made it hard to use. Hopefully this one will be.

The book was extremely well-written and edited. This is remarkable since there was a team who worked on it at VPI. Kudos for doing a good job.

It is consistent. The framework used is very standard in strategic management texts.

The book is well done with coherent chapters and headings and subheading breaking up the text. I was able to use some of the materials out of order.

Strategic management textbooks lend themselves to a logical organization based on the analytic process common to the topic. This book is consistent with that. I did find that references and credits, which are listed in the chapter sections, are a bit distracting and would be better, in my opinion, at the end of the chapters. Likewise, I would prefer that the Exercises be at the chapter end as well. Learning Objectives at the beginning of each chapter are useful as well as the Takeaways in the sections.

My students and I used the PDF version of the book which is pretty standard with only limited jumps for Table of Contents. .

I didn't find any grammatical errors.

Cultural Relevance rating: 4

I did not see anything culturally insensitive or offensive in the book. There is, as is typical in the texts in the field, not a lot of cultural variety. There are no Black or Hispanic business in the examples.

The book did what I wanted it to in the course. I thought that Chapter 7 on Innovation is a bit of a hodge-podge of topics and doesn't flow all that well. The Powerpoint slides that the author made available are very uneven and I wasn't able to really use them--though I didn't really need to since I have taught the course for so long. They are not the equivalent of what commercial publishers provide with their texts. I did not use the text bank that is also available.

Overall, a good quality textbook that is usable with the caveats I raised earlier.

Reviewed by Stephen Horner, Associate Professor, Allen Community College on 6/9/21

Chapter one is a good an example of the type of comprehensiveness that I like. The text addresses most of the major models and concepts within the strategy domain. It also includes examples of strategy and strategic management from antiquity and... read more

Chapter one is a good an example of the type of comprehensiveness that I like. The text addresses most of the major models and concepts within the strategy domain. It also includes examples of strategy and strategic management from antiquity and classic military history encompassing ancient, modern, and postmodern eras. In addition, the critique of strategic management is refreshing to see in an introductory textbook chapter.

I find no glaring inaccuracies.

The cross disciplinary relevance of the text is demonstrated by allusion in chapter one to strategy throughout history. The text also has relevance in terms of relating the topic to contemporary issues.

This text is written at a basic level easily accessible to the common reader and especially suited to today's college senior.

The text uses the A-F-I framework consistently throughout.

The chapter topics are organized following the traditional analysis-formulation-implementation (A-F-I) framework allowing the course to be easily divided into modules. In addition, the authors have developed their own modular framework overlaying the A-F-I model.

The text uses the traditional analysis-formulation-implementation framework while taking a critical asssessment of the use of that framework.

The layout and flow of the text are satisfactory. In addition, I appreciate the smaller chunks in each chapter supplemented by references cited only in those specific chunks.

The writing demonstrates no systematic grammatical difficulties. The use of the Engish language is proper and acceptable.

The authors recognize changing sociocultural values and demonstrate sensitivity of the theory and practice of strategic management to such changes.

I found the text to be quite readable. It spawned in me new ideas for ways of reaching my students.

Reviewed by Yuan Li, Assistant Professor, James Madison University on 5/29/20

The text covers all major topics discussed in a standard strategic management textbook. Some topics that could be included or discussed more in detail are strategic leadership, innovation management, and corporate entrepreneurship. The pdf version... read more

The text covers all major topics discussed in a standard strategic management textbook. Some topics that could be included or discussed more in detail are strategic leadership, innovation management, and corporate entrepreneurship. The pdf version of the text does not include an index or glossary, which can be an enhancement to the book.

The content is accurate, error-free, and unbiased. However, there are a few typos in the book. Some of the labels are incorrect. For example, Level 3 of Table 10.4 is labeled incorrectly.

The content is up-to-date. For the most part, the examples are classic and do not need to be updated frequently. However, some of the examples, especially those related to movies are dated. Nevertheless, necessary updates can be easily implemented.

One of my favorite things about this text is its clarity. The text is written in a language that is accessible to all undergraduate students, including freshmen. Jargon and technical terms are explained in layman’s terms using real-world examples.

The text is internally consistent in terms of terminology and framework.

The chapters of the text are self-contained and can be individually assigned to students or used as additional readings to supplement a different text.

The structure of the text is clear and follows the structure of a standard strategic management textbook. The only difference is that international strategies are discussed before corporate-level strategies. Many of the tables and the text repeat each other. I think some of the tables can be eliminated.

There are no significant interface issues in the text. There are no hyperlinks in the pdf version of the book. All navigation is done through the search and find function of the pdf reader. The text in the examples and vignettes is too small and hard to read, at least for the pdf version I have. Overall, I would describe it as a no-frills text.

The text contains no grammatical errors.

The text is not culturally offensive in any way. The examples include both American and non-American firms mostly competing in the US market.

This is a great book for an introductory level strategic management class. Students do not have to be a management major to understand the book. Instructors can easily supplement the book with examples that are relevant to the background and major of their students. I find the book an interesting and enjoyable read. The authors did a great job in making strategic management interesting to students.

Reviews prior to 2020 are for a previous edition.

Reviewed by David Flanagan, Professor of Management, Western Michigan University on 12/12/19

This book covers all the major topics needed in a strategic management course plus a few other useful topics. read more

This book covers all the major topics needed in a strategic management course plus a few other useful topics.

First rate book. Easy to read with no errors (conceptually or grammatically).

All the conceptual information is up to date. I do have students do assignments where they research more recent examples.

Students comment that it is straight forward and easy to read. Key concepts are defined.

The text flows well from start to finish.

The chapters break up the material well as do sections within chapters.

good structure

easy to interface with

Well edited and credibly written

I detected nothing that could be insensitive

The authors are outstanding in their field. Can't find more credible sources.

Reviewed by Jason Kiley, Assistant Professor, Oklahoma State University on 5/21/18

Overall, the book has very good coverage of the topics typically included in a strategy textbook. To be more specific, I reviewed the book against a commercial book that I have used in the past. I looked at 43 topics that is a union of the content... read more

Overall, the book has very good coverage of the topics typically included in a strategy textbook. To be more specific, I reviewed the book against a commercial book that I have used in the past. I looked at 43 topics that is a union of the content I would use across the two books. The commercial book covered 41 topics, and Mastering Strategic Management ("MSM") covered 39. Of the discrepancies, three topics in the commercial book and one topic in MSM were topics that were probably timely when written but are less relevant now. Excluding those, each book had one topic that I would have liked to have seen in the other.

Across a number of topics, the exposition that fit my expectations about the material covered, explanations of the material, and examples that fit the material. Strategy covers a number of models that have been around for some time, and the authors seemed to do a good job of thinking about which models are reasonable to describe as they were conceived and which ones should be adjusted a bit to better reflect the underlying mechanisms or modern circumstances.

One small exception (shared in most strategy books) is the description of the BCG matrix using market share (as originally conceived). That notion is very sensitive to specification of markets, and I've seen more helpful formulations that describe it a little more generally as having dimensions that reflect using and generating cash.

The main content is fine and highly relevant. However, there are some examples which have not aged well. This is not so much the fault of the authors, as the business-relevant content is fine, but an example using Jared from Subway reads very differently in light of subsequent revelations. That is perhaps the most glaring, but there are a few others that have not aged well (e.g., the AppleTV has become reasonably successful in subsequent iterations). That said, this book is well within the norms of example relevance over time.

The book is written directly and clearly. In terms of style, it is more approachable than some alternatives, in part because I never got the sense that the authors were lowering the information density to produce more text.

Terminology and approach are generally consistent. Strategy is at the intersection of other disciplines, so there is often a change of perspective, but that comes with the content. That said, the authors have combined those well into a logical, consistent narrative.

For the most part, this book would be easy to use out of order or as selections. The chapters have numbered subdivisions that are logically coherent, and, in my view, it would be clear to students to assign selections. My initial read suggests that the brief motivating examples to begin chapters and the conclusions of chapters would be helpful to include even if the middle sections are selected from or reordered.

Overall, the organization and flow are consistent and logical, and it generally mirrors that of most strategy books. In a couple of places, the ordering is a bit different (e.g., international strategy before corporate-level strategy), but the broader logic may actually be more linear that way.

I used the epub 3 version of the book. The table elements tended to be built with markup instead of images, so they rendered nicely on a high-resolution display. Cross references were often done with links, and many text boxes were also done with markup, so the book takes advantage of the technology it uses for distribution. Given the prevalence of mobile devices among students, this is a strong positive for this book compared to others.

The writing is clear, error-free, and straightforward, including the consistent use of active voice.

Though the book (like many strategy and business textbooks) has a somewhat US-centric presentation, there are plenty of examples that include diversity along a number of dimensions where that kind of diversity is not the topic of the example. That broad level of inclusiveness is a positive for the book.

Overall, I found the book to be consistently high in quality, coverage, and consistency with other books in this area. Using it as an alternative or replacement for other books should be straightforward. The anonymous authors have done the field and our students a real service in writing this book.

Reviewed by Jiyun Wu, Associate Professor , Rhode Island College on 5/21/18

The book covers key areas of strategic management, much like other strategic management textbooks. read more

The book covers key areas of strategic management, much like other strategic management textbooks.

The content is accurate, though there are a few typos.

Relevance/Longevity rating: 3

The examples are a few years old and need to be updated.

The book is very lucidly written. I think it is one of the best written textbooks.

The book is internally consistent in terms of terminology and framework.

The text is easy to follow.

The topics are organized well and easy to follow.

I didn't encounter any problem with navigation.

I did not detect any grammar errors, although I did find a few typos.

The book is culturally relevant.

Please update the examples and correct the few typos in the text.

Reviewed by Edward Ward, Professor, Saint Cloud State University on 2/1/18

Relative to the other textbooks I have used in my strategic management course, this textbook is comprehensive. Topics include analyzing the environment, leading strategically, selection of business level strategies, ethics, organization design,... read more

Relative to the other textbooks I have used in my strategic management course, this textbook is comprehensive. Topics include analyzing the environment, leading strategically, selection of business level strategies, ethics, organization design, and more. However, it does not have a separate chapter about small business strategy.

This book is accurate as evidenced by the frequent references from both research journals and practitioners' publications. There is little in the way of the author's opinions, rather facts are emphasized.

The relevance of the book is excellent in that historical examples are often used, which by definition will not need to be updated. The examples of recent strategy uses (e.g. a goal by Coca-Cola on page 40 is for 2012) are in need of only slight modifications.

This is the paramount strength of the book. When the vocabulary (i.e. jargon) of strategic management is used, facile explanations and examples are used to clarify the term. An example is Figure 2.5, which explains financial performance measures for students who did not major in finance or accounting.

What is admirable as to the book's consistency is it's sequence of chapters, such as starting with "Mastering Strategy" as chapter one, through "Selecting Business Level Strategies" in the middle of the text, and concluding with corporate governance and ethics. There is also consistency in terms of the key takeaways and exercises throughout the book.

This is another strength of the book. For example, in clarifying "Entrepreneurial Orientation" sections such as "Autonomy", "Competitive Aggressiveness", and "Innovativeness" are presented in small sections that in total describe the term. This is done consistently in the book, such as in chapter eight the terms vertical integration, backward vertical integration, and forward vertical integration.

The topics are presented in a deductive order, starting with a superordinate term such as "Strategies for Getting Smaller", followed by retrenchment and restructuring. By describing a construct by its dimensions, the construct is more readily understood by students.

I don't think there are any such problems.

There are not any grammatical errors. I do think the reading level is for undergraduates rather than MBA students.

The photographs and examples are varied in terms of surface characteristics.

It is superior to my present textbook in terms of being written in a conversational style, which is complemented by useful tables such as 8.7 on page 293. These tables and other graphics will assist students with a visual learning style. The only negative that comes to mind is if this textbook is to be used for a MBA course, outside readings will need to be assigned.

Reviewed by Jorge Zazueta, Adjunct Professor, American University on 2/1/18

The book covers all the standard topics in Strategic Management in a well-structured and cohesive manner. The table of contents provides detail on contents and the interactive PDF version is an excellent way to navigate the text. Electronic... read more

The book covers all the standard topics in Strategic Management in a well-structured and cohesive manner. The table of contents provides detail on contents and the interactive PDF version is an excellent way to navigate the text. Electronic versions are searchable, obviating the need for an index.

I didn't find any inaccuracies or biases in the text (although I ran into a few minor typos). Each concept follows a critical discussion inviting the reader to reflect on the topic, rather than being dogmatic.

The topics covered are well established Strategic Management ideas with direct application in actual business practice, making the content both relevant and time enduring.

Clarity rating: 4

The book is clearly written and enjoyable. It provides straight commentary on the ideas discussed and is very easy to read. A minor drawback is that it lacks memorable design around many of the classic frameworks. For example, when discussing the diamond model in chapter 7, its elements are defined in the form of a table--rather than in a diamond shape.

The narrative is consistent throughout both in depth and style.

While the content follows a logical path, chapters are concise and mostly stand-alone, making it easy to use individual chapters or to tailor content for a class.

The topics follow a standard order of ideas in a consistent and logical flow, while maintaining modularity.

The interactive PDF version is clean and easy to use. A comprehensive table of contents is always available without being intrusive and the book is fully searchable. Making it convenient for student research or review. A keyword search results in a list of references to different chapters in the book, with a short summary of the content discussed.

Grammatical Errors rating: 4

Other than a few minor spelling typos. I found no errors.

The nature of the book is mostly transparent to cultural issues. Examples are business focused and do reflect a wide world view.

It is a great introductory text to Strategic Management. It covers all the standard material in a concise, easily accessible way. I would have enjoyed a bit more quantitative material, such as basic formulas from economics or discussions about how to quantify market competitiveness for example. Perhaps, that´s the material for a second book….

Reviewed by Bill Rossman, Instructor, Penn State University on 2/1/18

The book covers the major topics expected to be covered in a strategic management textbook. read more

The book covers the major topics expected to be covered in a strategic management textbook.

The material covered in the textbook is accurate and error-free.

Th material is up-to-date, however, some of the examples in the book could quickly become outdated. For example, there is an example referencing a 2001 movie which students may not understand. The book could easily be updated to keep examples up-to-date.

The book is clearly written without unnecessary jargon. Definitions for key terms could be emphasized to help students identify key terms and concepts. Additionally a glossary would be beneficial for students to quickly reverence the definition of key terms.

The book is consistent with other texts on the topic of strategic management.

The book is modular and chapters could be reorganized without issue. Instructors could assign chapters or subsections as they see fit without loss of educational value.

The book flowed well, the only change I would make is to move the corporate-level strategies to follow the business-level strategies. The instructor could easily make this change when assigning chapters in the textbook.

I did not encounter any issues with the interface of the textbook. The location of charts and images were appropriate and supported the material.

The book was free of grammatical errors.

The text was not insensitive or offensive.

Supporting material such as glossary, online assignments or self check exercises could be included. Overall, the book is well thought out and easily adaptable for instructors to use.

Reviewed by Sam Cappel, Professor, Southeastern Louisiana University on 6/20/17

I found the book to be comprehensive, covering in detail important parts of strategic management. read more

I found the book to be comprehensive, covering in detail important parts of strategic management.

I found the book to be accurate and well referenced. Examples were used which were most instrumental in helping students to understand important concepts.

The text is written and/or arranged in such a way that necessary updates will be relatively easy and straightforward to implement. Many of the examples used are classic or very timely. It would require little work to update concepts and examples.

The book is written without unnecessary jargon. Terms commonly used in the study of Strategy are fully explained.

The framework of the book allows for easy transitions from one topic to another. Throughout the book there is consistency in the straight forward approach to topics. There is a consistent attempt within this book to explain complex concepts in such a way as to allow undergraduate students to master them easily.

Modularity rating: 4

The text is well divided into a logical sequence of intuitively developed reading sections. Sections within the book serve to reduce confusion which can occur when learning a subject area with the diversity and complexity of Business Strategy

Organization/Structure/Flow rating: 4

I like the flow of the text but prefer a flow which started by simply following the strategic management process step by step.

I had no issues with the interface of the textbook. Navigation was simple and charts were well placed and clear.

I found no grammatical errors i the text.

Culturally the book was sensitive in dealing with issues such as ethics and the role of diversity in the workplace.

With the current push for on-line offerings I feel that it is now imperative that offerings include test banks, power-points, on-line readings, films and perhaps simulation tools that can be used on-line. I love the book for in-class use but feels that it does not offer enough support to be viable for extensive on-line offerings,

assignment strategic management

Reviewed by Cynthia Steutermann, Multi-Term Lecturer, University of Kansas on 8/21/16

This book does a somewhat good job of covering many aspects of strategic analysis. For instance, the discussions relative to cost leadership, differentiation, and focused strategies were good. However, I found this book to be lacking in critical... read more

Comprehensiveness rating: 3 see less

This book does a somewhat good job of covering many aspects of strategic analysis. For instance, the discussions relative to cost leadership, differentiation, and focused strategies were good. However, I found this book to be lacking in critical discussion areas, such as the importance of evaluating a firm's internal financial assets. While it mentioned current ratio, debt to equity ratio, and net income .. it does not show how to calculate those ratios. And, there are many, many more financial ratios that should be covered in great detail to effectively analyze an organization's internal financial capabilities. This was an area I would consider to be seriously lacking in content.

Other critical areas missing from this textbook were the discussion of entrepreneurial strategy and competitive dynamics, as well as managing innovation and corporate entrepreneurship. Likewise, this textbook did not include any strategic management cases which greatly supports a student's ability to apply concepts to a multi-page case of an organization they may be familiar with.

Also, while there was included on the website a table of contents, no such table of contents exists in the .pdf version that students would actually use. In general, this book is not written at the level of sophistication and comprehensiveness I would expect to use for college students, particularly since a strategic analysis course is often taught as a capstone course (undergraduate senior level of student). In my opinion, this textbook is written more at the senior in high school or college freshman level.

Content Accuracy rating: 4

The book's accuracy is adequate, although there are many areas of strategic analysis which I would consider to be missing in this textbook.

The one area of relevance and longevity I found to be questionable was the various references to "At the Movies". Some of the movies are quite dated and students may not have even heard of them. Or, if they have heard of the movie, they may not have seen it. While the intent seems to be a creative way to illustrate basic concepts, the use of movies is not (in my opinion) the most relevant way to accomplish this, at least to the extent that this is repeated throughout the textbook.

The book is written clearly, although not at the college reading level I would expect it to be written at.

Consistency rating: 3

The text is inconsistent since it references certain figures that actually do not exist. For instance, the Boston Consulting Group (BCG) matrix is referenced to be in figure 8.7. There is no BCG matrix figure, nor any figure 8.7. In fact, there are very few figures in the book. There are some pictures (unidentified mostly) but no figures that illustrate important concepts.

The book's modularity is done well. Within each chapter there are several smaller reading sections.

The book's organization/structure flow is generally good. I believe the organization and flow would be better if corporate-level strategies followed business-level strategy, and then the chapter about international markets would follow after that. This textbook, instead, has business-level strategy, international markets, then corporate-level strategy.

The images are generally not distorted, although on page 172 the Arby's graphic and text are out of proportion. Page 177 includes some type of graphic that is only shades of grey. I don't know what that is intended to represent.

The text contains no grammatical errors that I observed.

The text is not culturally insensitive or offensive in any way that I observed.

Reviewed by Daniel Forbes, Associate Professor, U. of Minnesota on 6/10/15

The book covers most of the chapters commonly found in a strategy textbook, and the content within each chapter is also similar in terms of the key topics & models addressed. One exception is strategic entrepreneurship, which is not covered as... read more

The book covers most of the chapters commonly found in a strategy textbook, and the content within each chapter is also similar in terms of the key topics & models addressed. One exception is strategic entrepreneurship, which is not covered as a separate chapter as is often the case but is instead partially covered under "Entrepreneurial orientation" within Chapter 2, "Leading strategically". Another exception is that there is only one chapter on corporate strategy, whereas many books have a second chapter on strategy alternatives (M&A, etc.). However, some of this content has been folded into the corporate strategy chapter. The PDF I reviewed did not contain a glossary or index.

The book provides an accurate introduction to contemporary strategic management. The authors' perspective is consistent with mainstream scholarly views in the field.

Most strategy textbooks tend to gravitate towards concepts and models that have a relatively long "shelf life," and this one is no exception. The book contains current examples and timely content. The book also does a good job presenting strategy in ways that undergraduate students, in particular, will find relevant. It does this through an emphasis on familiar, everyday brands (Facebook, Redbox) and through cultural references, such as its "Strategy at the movies" segments, which link concepts in the book to recent popular films.

The book is written in clear and accessible prose, and it carries a sense of humor. At times I would have liked to see clearer definitions that were easier to find in the text (e.g., highlighted or placed in sidebars). For example, the concept of "cost leadership" is introduced with good examples, but a concise definition seems lacking. Having clear definitions on key concepts is helpful to students studying for exams and for faculty who want to check concepts for consistency across materials without re-reading entire sections.

The book is internally consistent. It provides a framework for understanding strategy that is coherent and, at the same time, generally consistent with other major texts.

The text seems modular, and reorganizing the material is unlikely to pose a problem. It would be easy to rearrange the materials within a strategy course - provided, of course, that foundational concepts (e.g., "capabilities") have been established early on, as would be required in working with any major strategy text.

The book's flow is logical and it adheres to a structure that is common in strategy texts. One slightly unusual sequencing is the presentation of international strategy before corporate strategy (the reverse is more common), but these two chapters remain adjacent and there is a reasonable case for doing this. Given the overall modularity of the book, moreover, instructors can rearrange chapters as they see fit without much difficulty.

The interface reflects the thoughtful and creative selection of accompanying visual materials, especially photos and illustrations. There are fewer charts and tables than in the average strategy text. Some instructors and MBA students might find the text easier to navigate with fewer visual interruptions overall and perhaps more data or charts included in addition to the pictures. Overall, I think this interface that would be well received by undergraduate students, in particular.

The book's grammar is fine.

The book does not appear to be culturally insensitive. Examples are drawn primarily from the U.S., as is common in many major strategy texts, but there are also many examples drawn from outside the U.S.

Overall, I think this book is a very solid and worthwhile contribution to the set of available strategy textbooks. A particular strength of the book is its accessible writing style and its selection of "user-friendly" illustrations and examples. I think the book would be especially well-suited to first-time students of strategy who seek a general introduction. I also like that the book avoids delivering long, arbitrary lists of items in presenting material (e.g., "the nine reasons firms do acquisitions"), which is a common weakness of strategy textbooks. Instead, this book is generally succinct and reasonably comprehensive. At the same time, instructors & students seeking a more advanced treatment of strategy may find coverage of some topics to be relatively light. For example, limitations of the 5 Forces model are only briefly addressed and issues of industry evolution do not seem to be addressed.

Reviewed by David Try Ph.D., Instructor , Northwest Community College on 10/9/13

I found this text to be well-written and high quality, with up-to-date material, examples and case studies. In my experience, both as an instructor and retired practitioner, this textbook covers all basic concepts and topics at an appropriate... read more

I found this text to be well-written and high quality, with up-to-date material, examples and case studies. In my experience, both as an instructor and retired practitioner, this textbook covers all basic concepts and topics at an appropriate depth for an Introduction to Business Strategy/Policy course. The backend - index, glossary, on-screen reader and search engine - were accurate and faultless.

Diagrams, tables and case studies were up-to-date, professional quality and accurate. I found the text well supported by the supplemental teaching resources (quizzes, PowerPoint's, teaching notes, etc.) As with any USA based textbook, and to be fair hardly unique to this one, the content is USA-centric. Examples and in-text case studies do tend to examine issues through the lens of USA companies, and occasionally USA laws/regulations. Within this caveat, all material was well-edited, error-free, unbiased and including appropriate supplemental instructor material.

As with most introductory courses, the basic components of Business Strategy tend not to change rapidly. New tools, techniques, occasionally fads, as well as the inevitable rebranding (i.e. Management by Objectives [MBO] becomes Outcome Based Key Performance Indicators) are adopted by Business relatively slowly. The textbook covers certain recent advances in strategic and policy, as appropriate for a textbook at an introductory level. Looking forward, advances to this textbook would tend to focus on maintaining current and timeliness of in-text examples, update trends and data, and incorporate emergent strategies which could emerge in response to changing economic, business or global events, such as a global recession.

The textbook to be quite readable and engaging, and makes good use of current business examples. Terms and business jargon are properly defined, both within the text and by using small ‘call-out' (?) boxes on the side of pages and through the use of examples.

The concepts and ideas in the textbook are presented in a clear and logical order. Terminology is used consistently. As well, I found the ‘readability' of the textbook to be internally consistent – with no sense that different authors/editors had writte

The material is covered in 12 chapters, with 2 to 4 sections each, making it easy to assign weekly readings and cover the content within one semester. Chapters are fairly consistent in length and complexity. Instructors have the option to re-organize the course / subject order prior to students downloading the textbook should they wish. The text is not overly self-referential.

The flow or order of idea/concept presentation is consistent to most Strategy texts, and appropriate for an introductory textbook. Within Chapter layout is consistent; each chapter begins with "Learning Outcomes" and concludes with "Key Takeaways" and exercises, which can be assigned as homework.

Neither I, nor any of my students, experienced any interface issues at all. The underlying technology appeared faultless. The navigation process is logical and all images and text were clear and high quality, even on smaller e-reading devices. As well, color use is consistent, assisting in overall navigation. Interestingly, as the first e-textbook for NWCC Business, my students appreciated the ability to perform in-text searches and hyper-link to external electronic references (in text URLs), as well as textbook's cost of course!

I found zero (0) grammatical errors, or ‘broken' URL links. Well edited

This text is not culturally or sexually insensitive, or offensive. Overall, examples are based on business culture with limited applicability on cultural relevance. One chapter focuses on Ethics and Social Responsibility and examines these issues from a strategic perspective, with examples. However, the focus is principally from a business perspective, as compared to social, legal or moral perspectives. As the text is fairly USA-centric, Canadian students may feel that Canadian and possibly Asian business strategies should receive greater emphasis.

Overall, I was very impressed with the quality and professionalism of the text. A ‘newbie' to e-textbooks, I was surprised by the usefulness of additional features available with electronic textbooks (searching, imbedded URLs, etc.). As noted above, the textbook content is somewhat USA-centric. Examples and in-text case studies tend to focus on USA companies, and occasionally USA laws/regulations. However, given the highly integrated nature of Canadian and USA business environments, there is some value in this. And, it was certainly not difficult to incorporate Canadian examples into the Lectures. This review originated in the BC Open Textbook Collection and is licensed under CC BY-ND.

Table of Contents

  • I. Chapter 1: Mastering Strategy: Art and Science
  • II. Chapter 2: Assessing Organizational Performance
  • III. Chapter 3: Evaluating the External Environment
  • IV. Chapter 4: Evaluating the Internal Environment
  • V. Chapter 5: Synthesis of Strategic Issues and Analysis
  • VI. Chapter 6: Selecting Business-Level Strategies
  • VII. Chapter 7: Innovation Strategies
  • VIII. Chapter 8: Selecting Corporate-Level Strategies
  • IX. Chapter 9: Competing in International Markets
  • X. Chapter 10: Executing Strategy through Organizational Design
  • XI. Chapter 11: Leading an Ethical Organization: Corporate Governance, Corporate Ethics, and Social Responsibility

Ancillary Material

  • Virginia Tech Publishing

About the Book

STRATEGIC MANAGEMENT  offers an introduction to the key topics and themes of strategic management. The authors draw on examples of familiar companies and personalities to illustrate the different strategies used by today’s firms—and how they go about implementing those strategies. Students will learn how to conduct a case analysis, measure organizational performance, and conduct external and internal analyses. In short, they will understand how organizations operate at the strategic level to be successful.

An older version of Mastering Strategic Management  (2015) by University of Minnesota Libraries Publishing can be found here: https://open.lib.umn.edu/strategicmanagement/

About the Contributors

Reed B. Kennedy, Associate Professor of Practice, Pamplin College of Business, Virginia Tech

Reed B. Kennedy is an Associate Professor of Management Practice in the Management Department, where he teaches management courses. He began his career as a naval officer before entering his primary career in healthcare administration, where he served in senior executive roles in various hospitals for over 20 years. He then worked as a business consultant for the Small Business Development Center for the New River Valley at Radford University. His education includes a Bachelor of Science in Aerospace Engineering from the U.S. Naval Academy, a Masters of Healthcare Administration from Medical College of Virginia / Virginia Commonwealth University, a Masters in Public Health and a Graduate Certificate in Global Planning and International Development from Virginia Tech. Reed served as the chief textbook reviser on this project. He worked with the contributor and editorial teams from project start to completion.

Contribute to this Page

Module 4: Environments and Strategic Management

Stages and types of strategy, learning outcomes.

  • Explain the stages of strategy.
  • Explain Porter’s general types of competitive strategies.
  • Explain e-commerce strategy.

The previous sections have examined the role of strategy in management and looked at common frameworks for analyzing the external and internal environment of business organizations. But what are the specific steps in the strategic management process? How do managers decide what to do, when to do it, and make sure it is happening the way they want? This is what the strategic management process is all about.

The Strategic Management Process

The strategic management process consists of three, four, or five steps depending upon how the different stages are labeled and grouped. But all of the approaches include the same basic actions in the same order. A brief description of these steps follows:

  • Strategic Objectives and Analysis. The first step is to define the vision, mission, and values statements of the organization. This is done in combination with the external analysis of the business environment (PESTEL) and internal analysis of the organization (SWOT). An organization’s statements may evolve as information is discovered that affects a company’s ability to operate in the external environment.
  • Strategic Formulation. The information from PESTEL and SWOT analyses should be used to set clear and realistic goals and objectives based on the strengths and weaknesses of the company. Identify if the organization needs to find additional resources and how to obtain them. Formulate targeted plans to achieve the goals. Prioritize the tactics most important to achieving the objectives. Continue to scan the external environment for changes that would affect the chances of achieving the strategic goals.
  • Strategic Implementation. Sometimes referred to as strategic execution , this stage is when the planning stops and the action begins. The best plans won’t make up for sloppy implementation. Everyone in the organization should be aware of his or her particular assignments, responsibilities and authority. Management should provide additional employee training to meet plan objectives during this stage, as well. It should also allocate resources, including funding. Success in this stage depends upon employees being given the tools needed to implement the plan and being motivated to make it work.
  • Strategic Evaluation and Control. Because external and internal conditions are always changing, this stage is extremely important. Performance measurements (determined by the nature of the goal) will help determine if key milestones are being met. If actual results vary from the strategic plan, corrective actions will need to be taken. If necessary, reexamine the goals or the measurement criteria. If it becomes apparent that the strategy is not working according to plan, then new plans need to be formulated (see Step 2) or organizational structures adjusted. Personnel may need to be retrained or shifted to other duties. You may even have to repeat the strategic management process from the beginning, including the information and knowledge gained from this first attempt.

Graphic representation of the text above on strategic objectives, formulation, implementation, and evaluation and control

The graphic depicts the basic steps of the strategic management process. Note that analysis, decision making, and action happen in all of the steps and throughout the process.

Practice Question

Porter’s competitive strategies.

The strategic management process described earlier can be successfully used for a wide number of business strategies. In practice, however, most organizations develop strategies that focus on the competition.

Besides studying the nature of industry profits in the Five Forces Theory, Michael Porter is also recognized for his work on four general types of competitive strategies. (More recently, a fifth strategy has been added.) Porter’s model describes two ways of achieving competitive advantage, either by differentiation or by cost. It also identifies two ways of targeting the market, by focusing on a particular market segment or appealing to the overall (broad) market. This approach results in four separate competitive strategies: overall differentiation, overall low cost, focused differentiation, and focused low cost. The fifth strategy combines elements of both low cost and differentiation. This is called the integrated approach.

Porter’s Competitive Strategies. The Overall Differentiation strategy has a broad market scope and a superior value competitive advantage. The Focused Differentiation strategy has a focused market scope and a superior value competitive advantage. The Overall Low Cost strategy has a broad market scope and a low price competitive advantage. The Focused Low Cost strategy has a focused market scope and a low price competitive advantage. Finally, the Integrated strategy lands in the middle between focused and broad market scope, and superior value and low price competitive advantage.

Porter classified competitive strategies by cost and differentiation, with a focused or broad market scope. He later recognized a fifth (integrated) classification.

Low Price Leadership Strategy

An organization seeking a low-cost strategy seeks to become a leader in providing low-cost products to its customers. The strategy is to produce (or purchase) comparable value goods or services at a lower cost than its competitors. The lower cost will attract the majority of customers and allow it to profit by the volume of goods sold. For this strategy to be successful, it requires that only one or two companies can be industry leaders in this position. For example, Walmart and Costco are leaders in the overall low-cost strategy . IKEA is a low-cost leader using a focused low-cost strategy , appealing to a particular segment of the overall market.

Low-Cost Strategy Advantages and Disadvantages
Reduces buyer bargaining power Lack of differentiation/value in products and services
Forces out less efficient rivals Some methods can be easily copied
Makes it hard for new entrants to compete Focus on cost cutting decreases investment in key activities

Differentiation Leadership Strategy

A strategy based on differentiation ( distinction ) calls for goods and services that offer unique features and that have high value for the target customer. The features must be perceived by the customer to be so much better than what the competition offers that they are worth an additional cost.

The differentiation may be based on the total number of features, quality of the features, customer service, or other criteria. Marketing campaigns are one way to differentiate a product and create a strong emotional attachment to it, supporting premium prices. Examples of companies in the overall market scope that pursue an overall differentiated strategy include Sony and Apple. They produce a large number of quality products that appeal to the wide technology consumer market. Businesses that sell luxury goods in any industry are employing a focused differentiation strategy . Prada, BMW, and Rolex are all companies whose strategy depends upon maintaining a loyal customer base convinced of the superior quality and uniqueness of their products—and who are also willing to pay a premium for the perceived quality value.

Differentiation Strategy Advantages and Disadvantages

Buyers are less price-sensitive Costs to produce can be high
Rivalry is reduced (fewer direct competitors) Distinctive features don’t necessarily create value
Difficult for new entrants into the market to copy the product or service Distinctive features may be easily imitated
Uniqueness makes it hard to find substitutes Distinction may be erased by innovation

Integrated Strategy

In today’s highly competitive market, customers expect distinction and low cost. Some companies have responded by adopting an integrated strategy . Porter originally argued that this integrated, or “stuck in the middle,” strategy would fail, but other researchers showed real-world examples. Later, Porter modified his view. The organizations strive to provide more value than the average competitor but also focus on keeping costs low. Examples of integrated strategy firms include the automobile companies who manufacture a “luxury” brand, such as the Kia K900. Kia keeps costs down by using many components of its low-cost models but adds additional features comparable to luxury car producers. This approach is risky, because these products run the risk of being too expensive for the economy-driven customer but not having the prestige of the classic luxury brands.

Integration Strategy Advantages and Disadvantages
Provides value to two types of customers Very difficult to maintain
Forces out less efficient rivals Possible dilution of brand identity and customer confusion

E-Business and E-Commerce

Businesses today need a strategy for competing with online “upstarts” who can underprice and steal customers . Companies that once thought they were immune to online competition have discovered that the Internet is biting into their profits. Warby-Parker is an online provider of eyeglasses that offers lenses at up to 70 percent off the price opticians charge. The customer only needs to choose frames, pick a lens, and enter the prescription. Returns are guaranteed. Even many routine medical procedures are being addressed digitally as patients meet online with doctors.

E-business can be defined as any business that takes place over digital processes using a computer network rather than in a physical location (“brick and mortar”). Organizations of all types, military and nonprofit, educational and governmental, use e-business strategies. The strategies are geared to three purposes:

  • those related to decreasing production costs and increasing efficiency.
  • those creating customer focus.
  • those addressing internal management.

E-commerce is a more limited term than e-business. It refers specifically to exchanges or transactions that occur electronically. The younger the shopper, the more likely he or she is to conduct “business” using a smart phone. E-commerce strategies rely on the power of the Internet, both in the growing popularity of online purchasing and in shaping marketing strategies. About 8.5 percent of all retail sales were made online in 2016 and this figure is increasing rapidly every year. Many organizations have sales and marketing teams dedicated to devising strategies for capturing their share of the growing online market. Amazon clearly dominates e-commerce with a whopping 33 percent of all online purchases. Its e-commerce strategy is “simply” to make it as easy as possible for the customer to find, order, pay, receive, and return (if necessary) the goods that it buys from the giant corporation. It doesn’t wait for the customer to search out a product, but rather pushes products to the customer based on past purchases.

Retailers and manufacturers also use the aspects of the internet such as Twitter, Facebook, and other social media sites to predict trends as they are developing to get a jump on production. First to market can be a key competitive advantage, in part because of the short life span of many fads. Many of the strategies needed to succeed in e-commerce are very different from competing in a nondigital environment. To survive today, organizations need to be present in both environments.

  • Stages and Types of Strategy. Authored by : John/Lynn Bruton and Lumen Learning. License : CC BY: Attribution
  • Strategic Management Process. Authored by : John Bruton and Lumen Learning. License : CC BY: Attribution
  • Porter's Competitive Strategies. Authored by : John Bruton and Lumen Learning. License : CC BY: Attribution

Footer Logo Lumen Waymaker

Strategic Management Assignments (10 Best Writing Steps)

  • 6 month(s) ago

Strategic Management Assignments  (10 Best Writing Steps)

Table of Contents

I. Introduction

II. Understanding Strategic Management Assignments

III. Significance of Assignments in Learning Strategic Management

IV. Types of Strategic Management Assignments

V. Crafting an Effective Strategic Management Assignments

VI. Common Challenges in Strategic Management Assignments

VII. Tips for Successful Completion

VIII. Balancing Innovation and Tradition in Strategic Assignments

IX. Assessing Success in Strategic Management Assignments

X. Conclusion

A. Importance of Strategic Management Assignments

assignment strategic management

Strategic Management Assignments play a pivotal role in shaping the future leaders of organizations. These assignments serve as a crucial bridge between theoretical knowledge and real-world application, requiring students to analyze complex business scenarios and make informed decisions. By engaging in tasks such as case studies, research papers, and simulation exercises, students develop essential skills in critical thinking, problem-solving, and strategic planning.

The practical application of strategic management concepts through assignments ensures that learners not only grasp theoretical frameworks but also cultivate the ability to navigate the dynamic challenges of the business landscape. As a result, these assignments contribute significantly to the holistic development of individuals, preparing them to excel in strategic decision-making roles within diverse industries.

B. Overview of the Article's Focus

The focus of this article revolves around the comprehensive exploration of Strategic Management Assignments. Providing an insightful overview, the article delves into the significance, types, and crafting of these assignments. It sheds light on their crucial role in bridging theoretical knowledge with practical application, emphasizing the skills developed through case studies, research papers, and simulation exercises.

With a strong emphasis on successful completion, the article addresses common challenges, offers practical tips, and provides a roadmap for students to navigate the intricate landscape of strategic management assignments. Through this overview, readers will gain a nuanced understanding of the importance and intricacies involved in these assignments, setting the stage for a deeper exploration in the subsequent sections of the article.

assignment strategic management

A. Definition and Purpose

In the realm of academia and business education, Strategic Management Assignments form a crucial facet, embodying the essence of decision-making power and foresighted planning. The term "strategic management" refers to the comprehensive analysis, formulation, and implementation of organizational goals and initiatives with the aim of achieving sustained competitive advantage.

The purpose of these assignments is twofold: firstly, to equip students with a profound understanding of strategic concepts, frameworks, and tools; and secondly, to cultivate the ability to apply this knowledge to real-world situations. These assignments challenge individuals to scrutinize and synthesize information, fostering critical thinking and honing the skills necessary for effective leadership. In essence, they serve as a bridge between theoretical knowledge and practical application, preparing future professionals to navigate the complexities of strategic decision-making in the dynamic business environment.

B. Key Components and Frameworks

Strategic Management Assignments are structured around key components and frameworks that serve as the backbone for effective decision-making in organizational contexts. One fundamental element is the SWOT Analysis , which assesses internal Strengths and Weaknesses along with external Opportunities and Threats. This provides a holistic view for strategic planning.

Another pivotal framework is the PESTEL Analysis, evaluating Political, Economic, Social, Technological, Environmental, and Legal factors influencing strategic decisions. Additionally, these assignments often delve into Porter's Five Forces model, examining the competitive forces within an industry. Understanding these key components and frameworks empowers students to dissect complex business scenarios systematically, laying the groundwork for informed and strategic decision-making in the ever-evolving business landscape.

1. SWOT Analysis

In the realm of Strategic Management Assignments, the SWOT Analysis stands out as a cornerstone framework, providing a structured approach to assess internal and external factors influencing an organization. SWOT, an acronym for Strengths, Weaknesses, Opportunities, and Threats, serves as a powerful diagnostic tool. It requires a thorough examination of an organization's internal strengths and weaknesses, such as resources, capabilities, and limitations.

Simultaneously, it explores external factors, identifying potential opportunities for growth and threats to the organization's well-being. The SWOT Analysis enables a comprehensive understanding of the current strategic position, aiding in the formulation of strategies that leverage strengths, address weaknesses, capitalize on opportunities, and mitigate threats. This framework is integral to Strategic Management Assignments, fostering a strategic mindset and laying the groundwork for effective decision-making in complex business scenarios.

2. PESTEL Analysis

Within the framework of Strategic Management Assignments, the PESTEL Analysis is a pivotal component, offering a systematic examination of external factors that can influence an organization's strategic decisions. PESTEL, an acronym for Political, Economic, Social, Technological, Environmental, and Legal factors, provides a comprehensive lens through which to view the external business environment. Political factors consider the impact of government policies and regulations, while Economic factors assess economic conditions and trends.

Social factors delve into cultural and societal influences, and Technological factors evaluate the role of technology in the industry. Environmental and Legal factors scrutinize ecological concerns and legal considerations, respectively. The PESTEL Analysis, by exploring these facets, equips individuals with insights crucial for strategic planning, helping them anticipate and adapt to the dynamic external forces shaping the business landscape. In the context of assignments, mastering the PESTEL framework enhances students' analytical skills and strategic thinking, preparing them for effective decision-making in the ever-evolving business world.

3. Porter's Five Forces

Porter's Five Forces is a crucial framework within the realm of Strategic Management Assignments, providing a structured analysis of the competitive forces that shape an industry. Named after Michael E. Porter, this framework assesses the dynamics within the market, considering the threat of new entrants, bargaining power of buyers and suppliers, the threat of substitute products or services, and the intensity of competitive rivalry.

Through this lens, students engaging in Strategic Management Assignments gain valuable insights into the industry's competitive landscape. By evaluating these forces, they can identify strategic opportunities, understand potential risks, and formulate effective strategies that enhance an organization's competitiveness and resilience in a dynamic business environment.

C. Role of Strategic Management in Organizations

The role of Strategic Management in organizations is pivotal, serving as the compass that guides the direction, growth, and overall success of a business. At its core, Strategic Management involves the formulation and implementation of strategies to achieve organizational objectives and maintain a competitive advantage. This process encompasses a variety of activities, including setting goals, analyzing internal and external environments, making informed decisions, and adapting to changes in the business landscape.

Strategic Management acts as the cohesive force that aligns the organization's resources, capabilities, and activities towards a common purpose. It fosters a proactive mindset, allowing organizations to anticipate challenges, capitalize on opportunities, and navigate uncertainties. In essence, Strategic Management in organizations is not merely a theoretical exercise but a dynamic and ongoing process that empowers entities to thrive in today's ever-changing and competitive business environment.

assignment strategic management

A. Practical Application of Theoretical Concepts

The significance of Strategic Management Assignments in learning lies in their ability to bridge the gap between theoretical concepts and practical application. These assignments offer students a tangible platform to apply abstract strategic theories to real-world scenarios. By engaging in tasks such as case studies and simulation exercises, learners not only understand strategic frameworks but also cultivate the skills needed for practical decision-making.

This hands-on approach ensures that theoretical knowledge is not just absorbed but actively implemented, fostering a deeper understanding of strategic principles and preparing students for the challenges of strategic management in professional settings. In essence, the practical application of theoretical concepts through assignments enhances the learning experience, making it more dynamic, relevant, and conducive to developing the strategic thinking required in today's complex business landscape.

B. Skill Development in Critical Thinking and Decision-Making

The significance of Strategic Management Assignments in learning extends beyond theoretical comprehension to the crucial realm of skill development, particularly in critical thinking and decision-making. These assignments challenge students to analyze complex business scenarios, evaluate strategic options, and make informed decisions based on available data.

The process encourages the cultivation of analytical skills, the ability to assess risks, and the aptitude for strategic problem-solving. As students grapple with real-world challenges presented in assignments, they hone their critical thinking abilities, learning to navigate uncertainties and make sound decisions in dynamic business environments. Ultimately, the significance lies in equipping learners with practical skills that are invaluable not only in academic settings but also in their future roles as strategic decision-makers in the professional world.

C. Enhancing Analytical and Research Abilities

The significance of Strategic Management Assignments in learning is underscored by their role in enhancing analytical and research abilities. These assignments require students to delve into in-depth analyses of industries, companies, and market trends. By conducting thorough research, students learn to extract relevant information, interpret data, and draw meaningful conclusions.

Engaging in such analytical processes not only strengthens their research skills but also hones their ability to critically evaluate and synthesize complex information. As a result, Strategic Management Assignments contribute significantly to the development of students' analytical prowess, providing them with valuable tools for dissecting business challenges and making well-informed strategic decisions in their academic and future professional endeavors.

assignment strategic management

A. Case Studies

Case studies represent a fundamental category among the various types of Strategic Management Assignments. These assignments immerse students in real-world business scenarios, requiring them to apply strategic management concepts to analyze, interpret, and solve complex problems. Through case studies, students gain practical insights into the challenges faced by organizations and develop the ability to formulate strategic solutions.

This type of assignment encourages a holistic understanding of strategic management principles by bridging theoretical knowledge with practical application. Engaging with case studies not only deepens students' comprehension of strategic frameworks but also cultivates critical thinking and decision-making skills, making it an essential component in preparing individuals for the dynamic and multifaceted challenges of strategic management in the professional arena.

1. Analyzing Real-world Scenarios

Case studies, a crucial type of Strategic Management Assignment, immerse students in the dynamic realm of real-world business scenarios. In these assignments, students delve into authentic situations, analyzing the intricacies of organizations facing strategic challenges. By dissecting these cases, students not only apply theoretical concepts but also develop a nuanced understanding of how strategic decisions impact the success or failure of businesses.

The emphasis on analyzing real-world scenarios enhances practical knowledge and sharpens critical thinking skills. Case studies, as a strategic management assignment type, serve as a bridge between theory and application, preparing students to navigate the complexities of strategic decision-making in the professional landscape.

2. Extracting Lessons for Decision-Making

Strategic Management Assignments, particularly those focused on case studies, go beyond theoretical exploration to the practical realm of extracting lessons for decision-making. In these assignments, students are tasked with not only understanding the intricacies of real-world scenarios but also distilling valuable insights that can inform strategic decisions.

By extracting lessons from the experiences of organizations facing challenges, students gain a practical understanding of how strategic choices impact outcomes. This emphasis on drawing applicable lessons enhances decision-making skills, enabling students to navigate future challenges with a well-informed and strategic mindset. Thus, these assignments serve as a crucial training ground, preparing individuals to make effective decisions in the ever-evolving landscape of strategic management.

B. Research Papers

Research papers stand as a prominent category among the diverse types of Strategic Management Assignments. These assignments require students to delve deep into academic and industry literature, conducting extensive research on specific strategic management topics. By synthesizing information from various sources, students not only demonstrate a comprehensive understanding of theoretical frameworks but also contribute to the existing body of knowledge in the field.

Research papers foster the development of critical analysis, synthesis, and presentation skills, as students must articulate their findings in a clear and coherent manner. Through this assignment type, students not only engage with strategic theories but also actively contribute to the discourse, preparing them for the rigors of strategic decision-making in academic and professional contexts.

1. In-depth Exploration of Strategic Concepts

Strategic Management Assignments, particularly those centered on research papers, facilitate an in-depth exploration of strategic concepts. These assignments go beyond surface-level understanding, requiring students to delve deeply into the core principles and theories of strategic management. By conducting thorough research and analysis, students gain a nuanced comprehension of strategic frameworks, contributing to a more profound mastery of the subject.

In exploring strategic concepts in depth, students not only enhance their theoretical knowledge but also develop the analytical skills needed to navigate the complexities of strategic decision-making. This type of assignment serves as a valuable platform for students to deepen their understanding of strategic concepts and prepares them for applying this knowledge in real-world scenarios as future strategic leaders.

2. Demonstrating Comprehensive Understanding

Strategic Management Assignments, specifically those involving research papers, play a pivotal role in demonstrating a comprehensive understanding of strategic concepts. These assignments necessitate a thorough exploration of theoretical frameworks, requiring students to delve deeply into the intricate facets of strategic management.

By synthesizing information from various sources, students showcase their grasp of key concepts, industry trends, and academic perspectives. The emphasis is not merely on rote learning but on the ability to critically analyze, interpret, and present information cohesively. Through these assignments, students not only demonstrate their academic prowess but also cultivate the skills needed to apply comprehensive understanding in real-world strategic scenarios, preparing them for leadership roles in diverse organizational settings.

C. Simulation Exercises

Simulation exercises represent a dynamic category within the spectrum of Strategic Management Assignments. Unlike traditional theoretical assessments, these assignments immerse students in virtual environments that replicate real-world business scenarios. Through simulations, students engage in decision-making processes, allowing them to witness the direct impact of their strategic choices on simulated businesses.

This hands-on approach not only reinforces theoretical concepts but also fosters a practical understanding of how different variables interact in a business context. Simulation exercises enhance critical thinking, strategic planning, and adaptability, providing students with a valuable experiential learning opportunity. By actively participating in the decision-making process, students gain insights into the complexities of strategic management, preparing them to navigate the uncertainties and challenges they may encounter in future professional roles.

1. Virtual Application of Strategic Management Principles

Strategic Management Assignments, particularly those involving simulation exercises, offer students a unique opportunity for the virtual application of strategic management principles. These assignments go beyond theoretical frameworks, immersing students in simulated business scenarios where they can actively implement strategic decisions. By navigating these virtual environments, students gain practical insights into the consequences of their choices on organizational performance.

This hands-on experience not only reinforces theoretical concepts but also cultivates a deeper understanding of strategic principles in action. Virtual applications of strategic management principles through assignments provide a dynamic and engaging way for students to bridge the gap between theory and practice, preparing them for the complexities of strategic decision-making in the ever-evolving business landscape.

2. Learning in a Risk-Free Environment

Strategic Management Assignments, especially those involving simulation exercises, create a valuable opportunity for learning in a risk-free environment. Unlike real-world business decisions that carry tangible consequences, these assignments allow students to experiment with various strategic approaches without actual financial or operational risks.

By engaging in simulated scenarios, students can test different strategies, analyze outcomes, and learn from both successes and failures without impacting real organizations. This risk-free learning environment encourages creativity, innovation, and a willingness to explore unconventional solutions, fostering a dynamic and proactive mindset in students. This type of assignment not only enhances theoretical knowledge but also provides a safe space for students to develop the practical skills crucial for effective strategic decision-making in the professional world.

assignment strategic management

A. Research and Information Gathering

Crafting an effective Strategic Management Assignments begins with a meticulous approach to research and information gathering. This foundational step involves sourcing relevant and reliable data from various academic journals, industry reports, and other reputable outlets. Students must delve into the complexities of their chosen strategic topic, ensuring a comprehensive understanding of current trends, challenges, and potential solutions.

Effective research not only substantiates arguments but also forms the basis for informed decision-making within the assignment. By honing skills in data collection and analysis, students can construct well-informed and evidence-backed strategic management assignments, laying the groundwork for insightful insights and valuable contributions to the field.

1. Reliable Sources for Strategic Data

Crafting effective Strategic Management Assignments hinges on the careful selection of reliable sources for strategic data. Students are encouraged to seek information from reputable academic journals, industry reports, and recognized experts in the field. Relying on trustworthy sources ensures the accuracy and credibility of the data incorporated into the assignment.

By demonstrating a commitment to using reliable information, students not only bolster the validity of their arguments but also contribute to the overall quality of their strategic analyses. This emphasis on sourcing data from credible outlets is a key element in crafting assignments that not only showcase a deep understanding of strategic concepts but also adhere to the standards of academic rigor and integrity.

2. Utilizing Industry Reports and Trends

Crafting an effective Strategic Management Assignment involves a strategic utilization of industry reports and trends. Students are encouraged to delve into current industry reports to gain valuable insights into the latest developments, challenges, and opportunities within their chosen sector. By staying abreast of industry trends, students can infuse their assignments with relevant, up-to-date information, enhancing the overall quality and relevance of their analyses.

This proactive approach not only demonstrates a keen awareness of the business landscape but also ensures that the strategic solutions proposed are aligned with the dynamic nature of the industry. Effectively incorporating industry reports and trends into assignments is a key strategy for students to showcase their ability to apply theoretical concepts to real-world scenarios and contribute meaningfully to the field of strategic management.

B. Structure and Format

Crafting an effective Strategic Management Assignment requires careful attention to structure and format. Students must organize their work in a clear and logical manner, typically following a well-defined structure that includes an introduction, body, and conclusion. The introduction sets the stage by presenting the topic, objectives, and the relevance of the assignment. The body is the substantive part where theories, analyses, and findings are presented coherently.

Utilizing headings and subheadings can enhance the organization and readability of the content. Finally, a concise yet impactful conclusion summarizes key points and offers insights or recommendations. Adhering to a structured format not only ensures a seamless flow of ideas but also facilitates the reader's understanding. Students should also pay attention to citation styles, maintaining consistency and accuracy throughout the assignment. This commitment to structure and format enhances the professionalism and effectiveness of the strategic management assignment.

1. Introduction, Body, and Conclusion

Crafting effective Strategic Management Assignments hinges on a well-structured framework encompassing introduction, body, and conclusion. The introduction serves as a roadmap, outlining the purpose, relevance, and objectives of the assignment. It provides a compelling overview that captures the reader's interest. The body is the heart of the assignment, where theoretical concepts, analyses, and findings are presented systematically.

Utilizing clear headings and subheadings enhances organization and readability. Here, students articulate their arguments, drawing on research and data to support their perspectives. Finally, the conclusion synthesizes key points, reinforces the assignment's main objectives, and offers insightful takeaways or recommendations. A cohesive introduction, a substantively rich body, and a concise yet impactful conclusion collectively contributes to the effectiveness and professionalism of the strategic management assignment.

2. Incorporating Visuals and Graphs

Crafting an effective Strategic Management Assignment involves not only textual clarity but also the strategic use of visuals and graphs. Integrating visual elements enhances the overall presentation by providing a visual representation of data, trends, or complex concepts. Visuals such as charts, graphs, and diagrams can convey information more succinctly, making it easier for the reader to grasp key insights.

This strategic incorporation not only adds depth to the assignment but also demonstrates the student's ability to communicate complex ideas in a visually appealing and accessible manner. Effective use of visuals is a powerful tool for enhancing the overall impact of the assignment, making it more engaging and compelling for the reader.

assignment strategic management

A. Identifying and Overcoming Ambiguities

Common challenges in Strategic Management Assignments often revolve around identifying and overcoming ambiguities inherent in complex business scenarios. Students frequently encounter situations with incomplete information or multifaceted challenges that lack straightforward solutions. The ability to discern the nuances of ambiguous situations and navigate through uncertainties is crucial in strategic management.

Overcoming this challenge requires a combination of critical thinking, research skills, and a proactive approach. Successful completion of assignments involves not only acknowledging ambiguities but also devising strategic responses that showcase adaptability and a keen understanding of the intricacies inherent in real-world business environments. Addressing ambiguity becomes a skill set honed through strategic management assignments, preparing students for the unpredictable nature of decision-making in professional settings.

B. Dealing with Information Overload

A prevalent challenge in Strategic Management Assignments is effectively dealing with information overload. Students often encounter an abundance of data, theories, and perspectives, which can be overwhelming. The task is not merely to accumulate information but to discern its relevance and applicability to the strategic context at hand.

Managing this influx requires honing skills in information prioritization, critical analysis, and synthesis. Successfully overcoming this challenge involves creating a balance between depth and breadth of information, selecting key insights that contribute meaningfully to the assignment's objectives. In the dynamic field of strategic management, students learn to navigate through this challenge, acquiring the ability to extract valuable insights from extensive information while avoiding the pitfalls of information overload.

C. Integrating Multiple Perspectives

One common challenge in Strategic Management Assignments is the necessity to skillfully integrate multiple perspectives. Strategic decisions often involve diverse stakeholders with varied interests and viewpoints. Students face the challenge of not only understanding these different perspectives but also harmonizing them into a cohesive strategic framework. Successful navigation of this challenge requires effective communication, empathy, and the ability to synthesize contrasting viewpoints.

It's not just about acknowledging the diversity of opinions but finding common ground to formulate comprehensive and inclusive strategic solutions. Overcoming this challenge is integral to developing the well-rounded skill set needed for effective strategic management, where successful leaders are adept at handling the complexities of diverse perspectives within organizations.

assignment strategic management

A. Time Management Strategies

One crucial tip for the successful completion of Strategic Management Assignments is the implementation of effective time management strategies. Given the complexity and depth of strategic analyses, it's imperative for students to allocate their time wisely. Breaking down the assignment into manageable tasks, setting clear deadlines for each phase, and adhering to a structured schedule can help prevent last-minute rushes and ensure a thorough and well-thought-out submission.

Time management also involves prioritizing tasks based on their significance, allowing students to dedicate ample time to critical components of the assignment. By adopting robust time management strategies, students can not only meet deadlines but also produce high-quality strategic management assignments that reflect careful consideration and attention to detail.

B. Collaboration and Group Work

An effective tip for successful completion of Strategic Management Assignments is fostering collaboration and engaging in group work. Strategic management often involves teamwork, and assignments offer an opportunity to leverage collective strengths. Forming study groups or collaborating with peers allows for a diverse exchange of ideas, perspectives, and insights. Group discussions can illuminate different facets of a strategic challenge, enhancing the depth of analysis and enriching the overall assignment.

Furthermore, dividing tasks based on individual strengths and expertise within the group can lead to more efficient completion of various components. However, effective communication and coordination are key; establishing clear roles, maintaining open lines of communication, and setting regular check-ins ensure a cohesive and successful collaborative effort in tackling strategic management assignments.

C. Seeking Feedback and Revisions

A crucial tip for successful completion of Strategic Management Assignments is actively seeking feedback and embracing the revision process. Rather than viewing feedback as a final critique, consider it as a valuable tool for improvement. Seek input from professors, peers, or mentors to gain diverse perspectives on your strategic analysis.

Constructive feedback helps identify areas for enhancement and refines the depth and clarity of your arguments. Additionally, being open to revisions ensures that your assignment evolves into a polished and well-crafted piece of work. Iterative refinement, based on feedback, not only strengthens your strategic management skills but also showcases your commitment to producing a high-quality assignment. Embracing this continuous improvement mindset is a key strategy for achieving success in strategic management assignments.

assignment strategic management

A. Incorporating New Approaches

Balancing innovation and tradition in Strategic Management Assignments involves a strategic approach to incorporating new methodologies and approaches. While tradition provides a solid foundation, the dynamic nature of strategic management requires openness to innovative perspectives. Students can enhance their assignments by exploring contemporary models, emerging theories, or cutting-edge business practices.

Integrating new approaches demonstrates adaptability and a forward-thinking mindset. Whether it involves incorporating the latest technological trends, considering unconventional strategies, or applying novel frameworks, the incorporation of new approaches adds depth and relevance to the assignment. This balance between tradition and innovation in strategic management assignments reflects the adaptability required for success in the ever-evolving business landscape.

B. Respecting Time-Tested Methodologies

Achieving a balance between innovation and tradition in Strategic Management Assignments involves a nuanced approach that includes respecting time-tested methodologies. While innovation is vital for staying relevant in the dynamic business landscape, traditional and proven methodologies offer a reliable foundation. Students should acknowledge the value of established strategic management frameworks, theories, and practices that have demonstrated success over time.

By integrating these time-tested methodologies, assignments gain credibility and a solid theoretical grounding. This balanced approach demonstrates a comprehensive understanding of strategic management, showing an appreciation for both the innovative solutions that push boundaries and the tried-and-true methods that have stood the test of time. It underscores the importance of drawing from a rich array of strategic management concepts to formulate well-rounded and effective solutions in assignments.

assignment strategic management

A. Grading Criteria and Expectations

Assessing success in Strategic Management Assignments involves understanding the grading criteria and expectations set forth by instructors. Grading typically encompasses several key aspects, including the depth of analysis, clarity of communication, relevance of insights, and the application of strategic concepts to real-world scenarios. Instructors often look for evidence of critical thinking, effective problem-solving, and the ability to synthesize information.

A successful assignment should demonstrate a nuanced understanding of strategic management principles, supported by well-researched data and a clear articulation of ideas. Meeting or exceeding the specified expectations, adhering to assignment guidelines, and presenting a cohesive and logically structured document contribute to a higher grade. By aligning with grading criteria, students can gauge their success and ensure their strategic management assignments meet the academic standards set by their instructors.

B. Incorporating Feedback for Continuous Improvement

Assessing success in Strategic Management Assignments goes beyond grades; it involves a commitment to continuous improvement through the incorporation of feedback. Instead of viewing feedback as a final judgment, students should embrace it as a valuable resource for refining their strategic analyses. Understanding where improvements can be made, addressing suggestions, and building upon constructive criticism contribute to ongoing development.

Successful students actively seek feedback from instructors, peers, or mentors, using it to enhance their understanding, strengthen arguments, and refine their strategic thinking. This iterative process not only improves the quality of individual assignments but also cultivates a mindset of continuous learning and adaptation—an essential skill in the ever-evolving field of strategic management.

In conclusion, navigating the complexities of Strategic Management Assignments requires a strategic approach that balances tradition and innovation. Incorporating time-tested methodologies provides a solid foundation, while embracing new approaches demonstrates adaptability and foresight. Success in these assignments is not solely measured by grades but also by the ability to integrate feedback for continuous improvement.

Recognizing the importance of structure, time management, and collaboration further enhances the quality of strategic analyses. Strategic Management Assignments serve as a dynamic platform for students to bridge theoretical knowledge with practical application, preparing them for the multifaceted challenges of decision-making in the ever-evolving business landscape. By understanding and incorporating these tips and insights, students can not only excel in their assignments but also develop a robust skill set essential for success in the field of strategic management.

QUICK ORDER

Place a Quick Order

We have qualified Experts in all fields

Latest Articles

Employee Integration Essays (8 Best Hacks) 3 hours ago

Trade Union Reports (7 Effective Hints) 9 hours ago

Pharmacology Reports (4 Key Points) 20 hours ago

Medical PowerPoint Presentations (8 Best Tips) 23 hours ago

Nutrition Essays ( Student’s Guide) 2 days ago

Medical Reports ( 6 Key Points) 2 days ago

Job Security Summaries (8 Best Hints) 2 days ago

Supplier Analysis Reports (9 Major Tips) 2 days ago

Debt Financing Assignments (9 Best Hints) 3 days ago

Equity Financing Homework (8 Key Tips) 3 days ago

Radioactive Tutors

Radio Active Tutors is a freelance academic writing assistance company. We provide our assistance to the numerous clients looking for a professional writing service.

Need academic writing assistance ? Order Now

Academia.edu no longer supports Internet Explorer.

To browse Academia.edu and the wider internet faster and more securely, please take a few seconds to  upgrade your browser .

Enter the email address you signed up with and we'll email you a reset link.

  • We're Hiring!
  • Help Center

paper cover thumbnail

Strategic Management Assignment Sample

Profile image of Lucy Shuker

Strategic Management Assignment Help This is an era of globalization and cut throat market competition. It becomes of paramount importance for organizations to use their resources strategically so that they can meet their predefined goals by maximizing their internal strengths and stay afloat in the market. The process adopted by organizations to achieve this is known as strategic management. Strategic management is a vast area which includes proper planning in advance, creating a schedule of each and every task, monitoring the whole process and once all the tasks completed analyzing if the idea is working or not by comparing previous results with current performance. We, at Best Assignment Experts, provide strategic management assignment help for students to help them gain significant knowledge from our top experts who have vast theoretical knowledge as well as practical business experience. We help students to write their strategic management assignment in a structured manner which is explained below –  Problem – Any strategic management assignment will definitely have a problem which you will be trying to solve with your managerial skills and knowledge. In this section, you will be defining the problem which you are aiming to solve. You will need to explain the problem to the readers so that they are aware of the situation.  Solution – Our experts will help you to define an approach which you will be used to provide a solution for the mentioned problem. You will need to explain the method you will be using to effectively answer the question. Experts will help you to research and try to ascertain how this problem was solved effectively previously and if they are of any help in your situation.  Analytics – It is very important to provide an analytical approach in your assignment as you will be talking about huge data. You need to talk about every aspect in detail as just scratching the surface wouldn’t be sufficient for strategic management assignment.  Assumptions – Since you will be discussing the future goals of an organization, you will be making assumptions based on your market study and analysis of the current situation. Our experts will help you to come to an assumption which will work for the organization. Their years of experience will come in handy for you to state estimates and goals in your assumption.  Creativity – More often than not people assume that there is no place for creativity in academic writing. This is completely wrong as creativity in any field will work positively for you. Our top experts always suggest following a structure for writing strategic management assignments with scope for creativity. This will not only keep readers interested but will also show your enthusiasm towards solving a problem. Our strategic management assignment help follows a structure so that you will be able to express your thoughts and findings in a manner which will definitely work for your institution/professor. We offer 24x7 help for students so that they don’t feel the pressure of working on such a serious assignment all by themselves. We take special care of quality for your assignment with plagiarism free work and we abide by the university rules.

Related Papers

Annibal Scavarda

Pistachio nuts are a healthy snack which are loved by people in various countries. Iran is the biggest pistachio producer in the world. Nowadays, the supply chain of this nut is encountering some supply problems. The first problem is that some major consumer countries have banned the import of pistachios because of the high level of “Aflatoxin” toxicity. Aflatoxin is a toxin which can be produced by fungi in pistachios under some special circumstances. The second issue is the increasingly high costs of producing pistachios. This paper analyzes the pistachio‟s supply chain and processing methods utilized in Iran. As one of the possible solutions for decreasing processing costs is mechanization, the level of mechanization in processing pistachios in Iran will be studied. Moreover, the supply chain stages that affect the level of Aflatoxin will be identified.

assignment strategic management

Julian Alston

Acta horticulturae

Ebrahim Hadavi

Contamination of pistachio nuts by A. flavus and aflatoxin buildup is dependent on the presence of defects in green hulls. Early split pistachios are the most dangerous hull defect which harbor nearly all aflatoxin in pistachios at harvest. In this study, the weight of individual kernels from all green hull types were investigated within three pistachio cultivars. The results indicate that early split pistachios have significant lower weight in all examined cultivar. This feature of early splits could be used in processing plants for removing them from process flow of pistachios.

California Agriculture

Ousseynou Ndoye

"This paper makes a commodity-chain analysis on the capture and trade of the African grey parrot (Psittacus erithacus) from Lobeke National Park area in the East Province of Cameroon. The African grey parrot has been noted as one of man's friendliest pets with popularity attributed to its intelligence, cognitive, communicative and extraordinary mimetic abilities. Worldwide, the African Grey Parrot is the third most commonly traded wild bird species. Being a CITES' Appendix II species, Cameroon's export quota of 12000 African grey parrots is worth some US$ 12 million in European markets. The Lobeke National Park area supplies 80% of the birds with seven stakeholders involved in the commodity-chain. These stakeholders earn differential amounts with total annual gross revenue. The trappers, government and licensees get just 0.1-0.18%, 1.6% and 0.6- 0.8% respectively of what the importers get. These statistics are indicative that very small proportion of the money gener...

pardeepinder kaur brar

Abdul Rahim

Environmental Science & Policy

Prof. Asit K . Biswas

Building resilience to extreme events is very complex. It involves consideration of climatic and non-climatic factors, human and natural environments and their dynamics, and governance systems that include groups with wide-ranging authorities, influence and interests. In this article, we analyse the effects of the latest multi-year drought (2011–2016) in agricultural production in California; impacts on food security; and coping responses of several actors. We found that despite the drought and water shortages, California continued to be the leading state for fruit and tree nuts and that it did not affect food security. We also found that these results were strongly influenced by the numerous policy, regulatory, institutional, and management decisions taken at the local, state and federal levels, as well as to availability of groundwater, the primary drought reserve. The California case can be considered an example for the rest of the country, and the world, that extreme events require extraordinary preparedness and response measures just to cope with them, not to mention adapting to them, and that building resilience is a long-term process.

Food Research International

paula rodrigues

Domingo Rios

Loading Preview

Sorry, preview is currently unavailable. You can download the paper by clicking the button above.

RELATED PAPERS

Cecilia Tortajada

Agricultural Certification Programs- …

Dylan Beaudette

Samuel Elusoji

Giannini Foundation of Agricultural Economics

Louise Ferguson

Yelena Manukyan

Marcelo Paz Soldán

Mark L Dreher PhD

The Journal of nutrition

J. Blumberg

Dimitrios Tsitsigiannis

Hasan Guclu , T. Kensler

Robert Prieto

Ariff Hakim

Ashyr Yazmyradov

Bajaj, Ankit 197 Bakry, Mohamed Abd El Latif …

Karen Klonsky

International Journal of Food Microbiology

Elliot Ryser

Errol Meidinger

Journal of Food Protection

Loretta Friedrich

Safia Belhadj

Farhod Maksudov , Elissa Bullion , Michael D Frachetti , Ann Marie Merkle

Niraj Kumar

Sara Calle Herrera

RELATED TOPICS

  •   We're Hiring!
  •   Help Center
  • Find new research papers in:
  • Health Sciences
  • Earth Sciences
  • Cognitive Science
  • Mathematics
  • Computer Science
  • Academia ©2024

Assignments for Strategic Management for Management's students

báo cáo cuối kì quản trị chiến lược trong du lịch

  • Product overview
  • All features
  • App integrations

CAPABILITIES

  • project icon Project management
  • Project views
  • Custom fields
  • Status updates
  • goal icon Goals and reporting
  • Reporting dashboards
  • workflow icon Workflows and automation
  • portfolio icon Resource management
  • Time tracking
  • my-task icon Admin and security
  • Admin console
  • asana-intelligence icon Asana AI
  • list icon Personal
  • premium icon Starter
  • briefcase icon Advanced
  • Goal management
  • Organizational planning
  • Campaign management
  • Creative production
  • Content calendars
  • Marketing strategic planning
  • Resource planning
  • Project intake
  • Product launches
  • Employee onboarding
  • View all uses arrow-right icon
  • Project plans
  • Team goals & objectives
  • Team continuity
  • Meeting agenda
  • View all templates arrow-right icon
  • Work management resources Discover best practices, watch webinars, get insights
  • What's new Learn about the latest and greatest from Asana
  • Customer stories See how the world's best organizations drive work innovation with Asana
  • Help Center Get lots of tips, tricks, and advice to get the most from Asana
  • Asana Academy Sign up for interactive courses and webinars to learn Asana
  • Developers Learn more about building apps on the Asana platform
  • Community programs Connect with and learn from Asana customers around the world
  • Events Find out about upcoming events near you
  • Partners Learn more about our partner programs
  • Support Need help? Contact the Asana support team
  • Asana for nonprofits Get more information on our nonprofit discount program, and apply.

Featured Reads

assignment strategic management

  • Business strategy |
  • How to implement a strategic management ...

How to implement a strategic management process

Julia Martins contributor headshot

Strategic management is the ongoing process of strategy formulation, evaluation, and improvement in order to gain a competitive advantage. Learn about the five stages of strategic management and how implementing a strategic management process benefits your organization.

Clear eyes, full hearts, can’t lose. When your team has a clear sense of where you’re going and why, they’re empowered to get their best work done efficiently and effectively. 

But building that level of clarity takes time—and effort. That’s where strategic management comes in. In this article, we’ll take a look at what strategic management is and how your team can benefit from the strategic management process. 

What is strategic management?

Strategic management is the organization and execution of business resources in order to achieve your company goals. This isn’t an individual initiative but rather an ongoing process of strategy formulation, evaluation, and improvement in order to gain a sustainable competitive advantage. 

The strategic management process includes:

Long-term, large-scale goal setting, like BHAGs

SWOT analysis

Strategy evaluation

Internal analysis of your organizational structure

Analysis of your external, competitive environment

Strategic planning

Process implementation plans to achieve your organization’s objectives

Competitive strategy implementation

Strategic management might sound similar to several other critical business elements. Here’s how it stacks up in the business environment. 

Strategic management vs. strategy

At first glance, strategic management and strategy seem like the same thing. The easiest way to differentiate between the two is to think of strategic management as the implementation of your corporate strategy. 

In a business setting, strategy is the process of formulating decisions to hit your organization’s goals. An effective strategy is critical to help your business team understand what your priorities are and where you’re going. But to put the strategy into motion, you need strategic management. Strategic management takes your competitive environment into account and factors in how you’ll execute against your company’s strategy. 

Strategic management vs. strategic planning

A strategic plan is a tool to define where your organization wants to go and what actions you need to take to achieve those goals. Strategic planning is the process of creating a plan in order to hit your strategic objectives.

Strategic management includes the strategic planning process, but also goes beyond it. In addition to planning howyou will achieve your big-picture goals, strategic management also helps you organize your resources and figure out the best action plans for success. 

Strategic management vs operational management

Even though the terms are very different, strategic management is often confused with operational management. Operational management is what your company does. This includes your organization’s value chain—in other words, the processes and practices your organization does on a regular basis in order to deliver a final product, good, or service.

If operational management is the “what,” strategic management is the “why” and “how.” To start, strategic management helps you define why you’re prioritizing different business initiatives and what you’re aiming to achieve in the long term. Then, during the implementation and planning phase, strategic management also defines how you’ll achieve your goals. 

Strategic management example

Strategic management helps companies achieve ambitious goals that require strategic alignment across departments. 

For example, imagine your company is introducing a brand new service line and wants to implement a strategic management process to ensure execution goes smoothly. You’ll first want to evaluate a few things about your current processes and future goals. 

What are the goals of introducing a new service? 

What areas have we struggled with in the past?

What is our budget?

How can we differentiate ourselves in our industry?

By using the strategic management process, you can use the questions above to create a coordinated plan that helps you reach your target goals. Keep reading as we break down the five stages of the strategic management process along with some benefits strategic management can have for your organization. 

5 stages of the strategic management process

The important concepts of strategic management can be viewed in five stages:

[inline illustration] The 5 stages of the strategic management process (infographic)

1. Identify your goals

The first step in the strategic management process is to evaluate where you’re going, and why. Ideally, you already have some goal materials in place, including: 

Your vision statement

Your mission statement

Your long-term goals and/or BHAGs

Your company’s core competencies

There are additional documents you can consider at this point, including:

Your strategic plan

Your yearly objectives, OKRs , and KPIs

It’s critical to identify your goals and plans in order to understand how you’re going to achieve them. Your goals form the basis of your strategic decisions.

2. Analyze your current situation

Once you’ve compiled a list of where you want to go, it’s helpful to get a bearing on where you are. The second step of strategic management is to take a look inwards at your current processes. If you haven’t already, run a SWOT analysis to get a better understanding of your organization’s strengths, weaknesses, opportunities, and threats. 

Also consider:

What’s currently working? 

What competitive advantages does your company have? 

What isn’t working? 

What, if any, operational issues have you run into? 

What is your current market share, and how does it compare to your goals? 

What are your current business needs, and are they being met? 

What, if anything, could potentially impact your organization’s goals? 

How does the external environment (including public opinion and the competitive environment) impact your business?

How does your internal environment (including your operations, employee retention and satisfaction, and team morale ) impact your business? 

What does your organization need to do to achieve profitability?

3. Form your strategy

If you haven’t already, this is the step where you build your strategic plan to describe exactly where you want to go and how you plan to achieve those goals. Depending on your organization, and whether or not you’re a new business, this is also when you’d use business process management (BPM) to improve processes.

Key questions to ask during this stage include:

What steps do you need to take to reach your goals? 

How will you measure success? 

What are your current processes, and are you able to achieve your goals with them? 

4. Implement your strategy

You’ve identified your strategy—now it’s time to put it into action. The fourth step of the strategic management process takes the longest. This is where you implement your strategic plan and see it come to life. 

This step depends largely on your business strategy. Essentially, you’re deciding which processes you need to evaluate, monitor, and improve—and putting those process improvement plans into action. This includes anything from better resource allocation or implementing business process automation (BPA) to streamline processes, to developing a company-wide project management office (PMO) . 

Remember that implementing your strategy is a long-term process. In addition to your long-term strategic goals , make sure to set short-term goals to guide your strategy implementation and make sure you remain on track.

5. Evaluate your process

Strategic management isn’t a one-and-done thing. Your management strategy and business environment also change as your company matures. Similar to how you should revisit your strategic plan every three to five years, make sure you’re revisiting your overall strategic management plan regularly as well. Take into consideration any new potential threats, relevant success metrics, and developing avenues your business may want to pursue.

Strategic management frameworks

There are a number of frameworks that can help you approach strategic management. Some of the most popular include:

[inline illustration] Strategic management frameworks (infographic)

A SWOT analysis guides you in identifying your strengths, weaknesses, opportunities, and threats for your business strategy. When working through the strategic management process, factor a SWOT analysis into the “Analyze” phase, as it helps establish your baseline and where you can go from there. 

Balanced scorecard

 A balanced scorecard can help you evaluate four major elements of a business: learning and growth, business processes, customer satisfaction, and financial performance. By analyzing these aspects separately, you can visualize where your organization has a competitive advantage and where you can make improvements. 

Like a SWOT analysis, this framework can help you during the “Analyze” phase, as it dives into your baseline for each aspect of your business model. 

Value chain analysis

The value chain describes the systems and processes involved in producing new products or services. Analyzing the value chain allows organizations to identify opportunities for improvement within the project life cycle. Some questions that come from value chain analysis include:

Is there an opportunity for cost reduction? 

Can we streamline this process? 

What can we do to make our product or service different from competitors? 

Diving into a value chain analysis will help you pick apart your process and add more specific plans to your strategic management process.  

Why is strategic management important?

Strategic management benefits every level of your organization. While the process takes time, energy, and effort, the upsides are immense and echo throughout the entire organization. With effective strategic management, you’re building:

Clear plans on how you’ll reach organizational goals

At its core, strategic management is a roadmap for achieving company goals. Using the frameworks stated above, strategic management paints a clear picture of an organization’s goals and outlines the path to reach them. 

A team-wide understanding of organizational priorities

The strategic management process ensures that your goals align with what’s best for your organization. By diving into techniques like SWOT analyses and value chain analyses, you’ll discover what opportunities should be at the forefront of your improvement efforts. 

Strategic alignment across the organization

When you establish and communicate your company’s goals and priorities, strategic improvement will trickle down from the leadership level to the whole organization. 

The strategic management process is so effective because it takes strategic initiatives from ideation to execution. By establishing the right goals in the first stage of the process, you’ll find your whole organization aligned with the plan to achieve them.                                                                                             

An ongoing business process

Perhaps the most beneficial aspect of the strategic management process is that it creates a system that is ongoing. The end result of the strategic management process should be a new system that you can tweak as your company evolves. 

Reach new heights with strategic management

Strategic management doesn’t happen in a vacuum. You need key business units and project stakeholders to buy into your strategic plan. Effective strategic management permeates all levels of your organizational structure and factors in all of your organization’s resources in order to build the best long-term strategy for your business.

Related resources

assignment strategic management

How Asana streamlines strategic planning with work management

assignment strategic management

How to create a CRM strategy: 6 steps (with examples)

assignment strategic management

What is management by objectives (MBO)?

assignment strategic management

Write better AI prompts: A 4-sentence framework

9.1 Strategic Management

  • What is the strategic management process?

In the previous chapter we focused on analyzing and understanding a firm’s competitive environment. In this chapter, we see how the information strategic analysis provides gets put to work. The strategic management process is the set of activities that firm managers undertake in order to try to put their firms in the best possible position to compete successfully in the marketplace. Strategic management is made up of several distinct activities, shown in Exhibit 9.3 . This chapter will detail the role each activity plays in developing and sustaining a successful competitive position.

While Exhibit 9.3 presents strategic management as an orderly process. However, most top managers deal with all of the steps simultaneously; they engage in environmental scanning to update their analytical view of the firm, they are executing strategies formulated in the past, they are formulating strategies to execute in the future, and so on. While it is useful to discuss the strategic management process in a stepwise fashion, it’s important to point out that the cycle occurs such that everything is being done at once.

Concept Check

  • What activities make up the strategic management process?

As an Amazon Associate we earn from qualifying purchases.

This book may not be used in the training of large language models or otherwise be ingested into large language models or generative AI offerings without OpenStax's permission.

Want to cite, share, or modify this book? This book uses the Creative Commons Attribution License and you must attribute OpenStax.

Access for free at https://openstax.org/books/principles-management/pages/1-introduction
  • Authors: David S. Bright, Anastasia H. Cortes
  • Publisher/website: OpenStax
  • Book title: Principles of Management
  • Publication date: Mar 20, 2019
  • Location: Houston, Texas
  • Book URL: https://openstax.org/books/principles-management/pages/1-introduction
  • Section URL: https://openstax.org/books/principles-management/pages/9-1-strategic-management

© Jan 9, 2024 OpenStax. Textbook content produced by OpenStax is licensed under a Creative Commons Attribution License . The OpenStax name, OpenStax logo, OpenStax book covers, OpenStax CNX name, and OpenStax CNX logo are not subject to the Creative Commons license and may not be reproduced without the prior and express written consent of Rice University.

  • Search Search Please fill out this field.

What Is Strategic Management?

  • How It Worls
  • The 5 Phases
  • Strategic Management FAQs

The Bottom Line

  • Business Essentials

assignment strategic management

Investopedia / Alex Dos Diaz

Strategic management is the management of an organization’s resources to achieve its goals and objectives.

Strategic management involves setting objectives, analyzing the competitive environment, analyzing the internal organization, evaluating strategies, and ensuring that management rolls out the strategies across the organization .

Key Takeaways

  • Companies, universities, nonprofits, and other organizations can use strategic management as a way to make goals and meet objectives.
  • Flexible companies may find it easier to make changes to their structure and plans, while inflexible companies may chafe at a changing environment.
  • A strategic manager may oversee strategic management plans and devise ways for organizations to meet their benchmark goals. 

Understanding Strategic Management

Strategic management is divided into several schools of thought. A prescriptive approach to strategic management outlines how strategies should be developed, while a descriptive approach focuses on how strategies should be put into practice. These schools differ on whether strategies are developed through an analytic process, in which all threats and opportunities are accounted for, or are more like general guiding principles to be applied.

Business culture , the skills and competencies of employees, and organizational structure are all important factors that influence how an organization can achieve its stated objectives. Inflexible companies may find it difficult to succeed in a changing business environment. Creating a barrier between the development of strategies and their implementation can make it difficult for managers to determine whether objectives have been efficiently met.

While an organization’s upper management is ultimately responsible for its strategy , the strategies are often sparked by actions and ideas from lower-level managers and employees. An organization may have several employees devoted to strategy, rather than relying solely on the chief executive officer ( CEO ) for guidance.

Because of this reality, organizational leaders focus on learning from past strategies and examining the environment at large. The collective knowledge is then used to develop future strategies and to guide the behavior of employees to ensure that the entire organization is moving forward. For these reasons, effective strategic management requires both an inward and outward perspective.

Strategic management extends to internal and external communication practices as well as to tracking, which ensures that the company meets goals as defined in its strategic management plan.

The 5 Phases of Strategic Management

Strategic management involves managing an organization's resources, analyzing internal and external forces, and developing strategies to realize goals and objectives. There are five key phases that can help businesses execute their strategies.

  • An organization must first establish clear, realistic goals. Its goals should answer what the company wants to achieve and why. Once set, the company can then identify the objectives, or how the goals will be reached. During this phase, the company can articulate its vision and long and short-term goals.
  • Organizations must then be able to examine, understand, and codify what internal and external forces affect their business and goals, as well as what it needs to remain competitive. Analytical tools, such as SWOT analysis, are helpful during this phase.
  • Based on the results of the analysis, the company can then develop its strategy, outlining how the company will achieve its goals and how. In this phase, the company will identify the needed people, technology, and other resources; how these resources will be allocated to fulfill tasks, and what performance metrics are needed to measure success. It is also critical to gain buy-in from stakeholders and business leaders.
  • Once the strategies are defined, it is time for execution. The strategy is taken from planning to implementation. During this phase, the allocated resources are placed into action based on their roles and responsibilities.
  • The final stage of strategic management is to evaluate the effectiveness of implemented strategies using defined metrics. The company will also visit whether ineffective strategies should be replaced with more viable ones. The company should continue to monitor the business landscape and internal operations, as well as maintain strategies that have proven effective.

Example of Strategic Management

For example, a for-profit technical college wishes to increase new student enrollment and enrolled student graduation rates over the next three years. The purpose is to make the college known as the best buy for a student's money among five for-profit technical colleges in the region, with a goal of increasing revenue.

In that case, strategic management means ensuring the school has funds to create high-tech classrooms and hire the most qualified instructors. The college also invests in marketing and recruitment and implements student retention strategies. The college’s leadership assesses whether its goals have been achieved on a periodic basis.

Why Is Strategic Management Important?

Helping their company find ways to be more competitive is the purpose of strategic management. To that end, putting strategic management plans into practice is the most important aspect of the planning itself. Plans in practice involve identifying benchmarks, realigning resources—financial and human—and putting leadership resources in place to oversee the creation, sale, and deployment of products and services.

In business, strategic management is important because it allows a company to analyze areas for operational improvement. In many cases, they can follow either an analytical process, which identifies potential threats and opportunities, or simply follow general guidelines. Given the structure of the organization, a company may choose to follow either a prescriptive or descriptive approach to strategic management. Under a prescriptive model, strategies are outlined for development and execution. By contrast, a descriptive approach describes how a company can develop these strategies. 

Strategic management is the process of setting goals, procedures, and objectives in order to make a company or organization more competitive. Typically, strategic management looks at effectively deploying staff and resources to achieve these goals. Often, strategic management includes strategy evaluation, internal organization analysis, and strategy execution throughout the company.

What Is an Example of Strategic Management?

Consider a large company that wants to achieve more ambitious online sales rates. To meet these goals, the company will develop a strategy, communicate this strategy, apply it across various units and departments in the organization, integrate this with employee goals, and execute accordingly. If an effective strategy is applied, ideally, it will help the company achieve its targets through a single, coordinated process. 

What Are the Key Elements of Strategic Management?

Strategic management is not a one-size-fits-all strategy. However, there are key elements that are found to be critical. These include goal setting, industry and organizational analyses, strategy formation, strategy implementation; and the measurement, monitoring, and controlling of strategies.

Strategic management is the assembling and management of resources to achieve a company's goals and objectives. Although it is often segmented into either prescriptive or descriptive schools of thought, many businesses subscribe to a combined philosophy, defining how a strategy should be developed and how the strategies will be employed. Strategic management helps companies set goals, gain a competitive edge, better manage their resources, and more. There is not one prescription for all. Companies must create and adapt a strategic management process that works best for their company and those they serve. Strategic management does not end with the successful implementation of strategies; it continues for the life of the business.

assignment strategic management

  • Terms of Service
  • Editorial Policy
  • Privacy Policy
  • My Account |
  • StudentHome |
  • TutorHome |
  • IntranetHome |
  • Contact the OU Contact the OU Contact the OU |
  • Accessibility hub Accessibility hub

Postgraduate

  • International
  • News & media
  • Business & apprenticeships
  • Contact Contact Contact
  • A to Z of subjects
  • Course types
  • Honours degrees
  • Integrated masters degrees
  • Foundation degrees
  • Diplomas of Higher Education
  • Certificates of Higher Education
  • Open University certificates
  • Open qualifications
  • Higher Technical Qualifications
  • Microcredentials
  • Short courses
  • All courses
  • Student stories
  • Accountancy
  • Counselling
  • Engineering
  • Environment
  • IT and computing
  • Mental health
  • Social work
  • Working with children
  • Employability and the OU
  • International recognition
  • Apprenticeships
  • What is distance learning?
  • A guide to our qualifications
  • How long will my qualification take?
  • How will I study?
  • Tutors and tutorials
  • How will I be assessed?
  • Support and the OU community
  • Ask a student
  • Our global reputation
  • Can I do it?
  • Finding time to study
  • Is my English good enough?
  • Computing skills
  • Am I ready tool
  • Fees and funding
  • Tuition fee loan
  • Tuition fee grants and loans
  • Part-time fee grant
  • Support for living costs

Employer sponsorship

  • Credit or debit card
  • Enhanced learning credits

Mixed payments

  • Study costs funding
  • Carers' Scholarship
  • Carers' Bursary
  • Care Experienced Bursary
  • Care Experienced Scholarship
  • Scholarship for Black Students
  • Disabled Veterans' Scholarships
  • Sanctuary Scholarship
  • How to apply
  • Transferring your study

assignment strategic management

Strategic management

Are you ready to discover how strategic management can help to explain our dynamic world? In this module, you’ll learn how to apply strategic management models and frameworks to real cases — from entrepreneurial companies to large multinationals and see how companies succeed in competition or how corporations expand internationally. You'll become able to make sense of the strategies of the organisations around you and strategic decision-making. This module will also show how you can have an active role in the analysis of strategic contexts and in shaping and implementing strategy.

Modules count towards OU qualifications

OU qualifications are modular in structure; the credits from this undergraduate module could count towards a certificate of higher education, diploma of higher education, foundation degree or honours degree.

Browse qualifications in related subjects

Module code.

  • Credits measure the student workload required for the successful completion of a module or qualification.
  • One credit represents about 10 hours of study over the duration of the course.
  • You are awarded credits after you have successfully completed a module.
  • For example, if you study a 60-credit module and successfully pass it, you will be awarded 60 credits.

Study level

Level of Study
OU SCQF FHEQ
3 10 6

Study method

Module cost, entry requirements, request your prospectus, explore our subjects and courses, what you will study.

In an ever-changing world, organisations must make strategic choices based on solid analyses and decision-making processes. This module adopts an innovative teaching approach to illustrate how strategic management theories and models can be applied in different contexts and how they inform decision-making. You will develop a skill set founded on strategic management theory that will allow you to become an active actor in the strategy process that organisations deploy to ensure their long-term success.

The module is relevant to anyone interested in understanding how organisations can be managed strategically and sustainably. You will be exposed to the key theoretical frameworks that inform the understanding and practice of strategy, with particular attention paid to competitive and corporate strategy domains. You will apply strategic management models to real cases from different contexts and critically assess their implications for organisations and stakeholders at large.

You'll hear from managers and consultants and learn from their experiences in a wide range of examples and cases from several industries at national and international levels. The selection of cases ranges from traditional production companies to innovative businesses. You will also benefit from the experience of an international module team who has designed the module for practical application and use of strategic models and frameworks. A key feature of your learning will be a collaborative role play activity in the final phase of the module, where you will work as a consultant in a small team with other students to offer advice to a company and prepare a professional presentation.

Block 1 You’ll be introduced to key concepts in strategy and strategic management. There is much debate on what strategy is, and you’ll learn different definitions and develop a clear understanding of what comprises strategic choices for organisations. You’ll also explore the core concepts of vision, mission, values, and goals. As strategic management is strongly connected with performance, you’ll learn how to evaluate a firm’s performance in financial and non-financial terms. There is also a section on corporate social responsibility to enhance your appreciation of performance indicators beyond financial performance. While engaging with these sections, you’ll develop your study and professional skills, starting with a skills audit, and with sessions on professional writing and on how to build an argument.

Block 2 You’ll examine the implications of the external and internal environments for strategy. The external analysis considers how external forces and competition in industry influence organisations and their strategic choices. The internal analysis looks at how resources and capabilities shape the strategies of organisations. The analytical frameworks from this block will be complemented with an in-depth explanation of several core concepts and demonstrations of how you can apply them to real cases. 

Block 3 In this block, attention turns to examining business and competitive strategies and how they influence how organisations conduct their business. Key considerations in the block will be developing your understanding of the types of competitive advantage, focusing on cost leadership and differentiation. Special attention is given to explaining how companies adopt different business models and types, and how they can create value. You’ll be engaged in defining the value proposition of a new business as part of a role play in order to understand how several dimensions are interconnected.

Block 4 You’ll look at strategy at a corporate level and covers where strategic decision-making takes place. Some of the most important considerations here will touch on vertical integration, diversification and internationalisation (drivers, location, speed, and outcomes). You will learn how organisations grow and expand following different strategies such as new greenfield operations, mergers and acquisitions, alliances and joint ventures. You will learn about emerging markets and how multinationals can operate in those increasingly important areas by leveraging their political capabilities.

Block 5 You’ll identify and assess the challenges and barriers in implementing strategies as you learn how to put a strategy into practice by aligning its formulation and implementation. Core elements that influence implementation will be examined, including organisational structure, management systems, organisational culture and people management. In this final part, you’ll join a small group of other learners for a collaborative activity that feeds into your individual reflection for the end-of-module assessment.

Vocational relevance

The focus on developing academic and professional skills closely reflects the Quality Assurance Agency's benchmark statement expectations for business studies and clearly expresses the module's intention to enhance the employability of its students. Although it has a significant theoretical component, the module's emphasis on the practical application of strategic models also supports employability across a range of sectors.   

Outside the UK

This module has been designed to be relevant to business students in UK and non-UK contexts.

Teaching and assessment

Support from your tutor.

You'll have a tutor who will help you with the study material and mark and comment on your tutor-marked assignments (TMAs), and whom you can ask for advice and guidance. If you're new to the OU, your tutor can provide additional support with your study skills. To support your study, there will be a series of learning events which you are encouraged to attend. You can attend via online meeting rooms on a platform used to deliver tuition. They provide an opportunity for you to engage with members of the module tutoring team and fellow students on a series of activities that will help you to consolidate your learning and prepare for module assessments. The Collaborative Activity online meetings with your tutor are essential learning opportunities designed to enable you to successfully complete the end-of-module assessment. The cost of these learning events is included in the module fee.

Contact us  if you want to know more about study with The Open University before you register.

The assessment details for this module can be found in the facts box.

Future availability

Strategic management starts once a year – in October. This page describes the module that will start in October 2024. We expect it to start for the last time in October 2028.

Regulations

Course work includes:.

This module makes as few assumptions as possible about what you already know about business or about your experience of formal academic study. However, as this is an OU level 3 module and if you have no previous experience of studying business, it is strongly recommended that you first study An introduction to business and management (B100) and Shaping business opportunities (B207). If you have any doubt about the suitability of the module, please speak to an adviser .

Start End England fee Register
05 Oct 2024 Jun 2025 £3636.00

Registration closes 05/09/24 (places subject to availability)

This module is expected to start for the last time in October 2028.

Additional Costs

Study costs.

There may be extra costs on top of the tuition fee, such as set books, a computer and internet access.

If your income is not more than £25,000 or you receive a qualifying benefit, you might be eligible for help with some of these costs after your module has started.

Ways to pay for this module

Open university student budget account.

The Open University Student Budget Accounts Ltd (OUSBA) offers a convenient 'pay as you go' option to pay your OU fees, which is a secure, quick and easy way to pay. Please note that The Open University works exclusively with OUSBA and is not able to offer you credit facilities from any other provider. All credit is subject to status and proof that you can afford the repayments.

You pay the OU through OUSBA in one of the following ways:

  • Register now, pay later – OUSBA pays your module fee direct to the OU. You then repay OUSBA interest-free and in full just before your module starts. 0% APR representative. This option could give you the extra time you may need to secure the funding to repay OUSBA.
  • Pay by instalments – OUSBA calculates your monthly fee and number of instalments based on the cost of the module you are studying. APR 5.1% representative.

Joint loan applications

If you feel you would be unable to obtain an OUSBA loan on your own due to credit history or affordability issues, OUSBA offers the option to apply for a joint loan application with a third party. For example, your husband, wife, partner, parent, sibling or friend. In such cases, OUSBA will be required to carry out additional affordability checks separately and/or collectively for both joint applicants who will be jointly and severally liable for loan repayments.

As additional affordability checks are required when processing joint loan applications, unfortunately, an instant decision cannot be given. On average the processing time for a joint loan application is five working days from receipt of the required documentation.

Read more about  Open University Student Budget Accounts (OUSBA) .

Studying with The Open University can boost your employability. OU courses are recognised and respected by employers for their excellence and the commitment they take to complete. They also value the skills that students learn and can apply in the workplace.

More than one in ten OU students are sponsored by their employer, and over 30,000 employers have used the OU to develop staff so far. If the module you’ve chosen is geared towards your job or developing your career, you could approach your employer to see if they will sponsor you by paying some or all of the fees. 

  • Your employer just needs to complete a simple form to confirm how much they will be paying and we will invoice them.
  • You won’t need to get your employer to complete the form until after you’ve chosen your module.  

Credit/debit card

You can pay part or all of your tuition fees upfront with a debit or credit card when you register for each module. 

We accept American Express, Mastercard, Visa and Visa Electron. 

We know that sometimes you may want to combine payment options. For example, you may wish to pay part of your tuition fee with a debit card and pay the remainder in instalments through an Open University Student Budget Account (OUSBA) .

For more information about combining payment options, speak to an  adviser  or book a  call back at a time convenient to you.

Can you study an Access module for free?

Depending on eligibility and availability of places, you could apply to study your Access module for free.

To qualify, you must:

  • be resident in England
  • have a household income of not more than £25,000 (or be in receipt of a qualifying benefit)
  • have not completed one year or more on any full-time undergraduate programme at FHEQ level 4 or above or successfully completed 30 credits or more of OU study within the last 10 years

How to apply to study an Access module for free

Once you've started the registration process , either online or over the phone, we'll contact you about your payment options. This will include instructions on how you can apply to study for free if you are eligible and funded places are still available.

If you're unsure if you meet the criteria to study for free, you can check with one of our friendly advisers on +44 (0)300 303 0069 , or you can request a call back .

Not eligible to study for free?

Don't worry! We offer a choice of flexible ways to help spread the cost of your Access module. The most popular options include:

  • monthly payments through OUSBA
  • part-time tuition fee loan (you'll need to be registered on a qualification for this option)

To explore all the options available to you, visit Fees and Funding .

What's included

You’ll have access to a module website, which includes:

  • a week-by-week study planner
  • the module study guide
  • module materials
  • audio and video content
  • assessment guide
  • online tutorials and forums
  • Library resources, including ejournal articles and referencing guides.

Computing requirements

You’ll need broadband internet access and a desktop or laptop computer with an up-to-date version of Windows (10 or 11) or macOS Ventura or higher.

Any additional software will be provided or is generally freely available.

To join in spoken conversations in tutorials, we recommend a wired headset (headphones/earphones with a built-in microphone).

Our module websites comply with web standards, and any modern browser is suitable for most activities.

Our OU Study mobile app will operate on all current, supported versions of Android and iOS. It’s not available on Kindle.

It’s also possible to access some module materials on a mobile phone, tablet device or Chromebook. However, as you may be asked to install additional software or use certain applications, you’ll also require a desktop or laptop, as described above.

If you have a disability

The OU strives to make all aspects of study accessible to everyone and this  Accessibility Statement  outlines what studying B302 involves. You should use this information to inform your study preparations and any discussions with us about how we can meet your needs.

To find out more about what kind of support and adjustments might be available, contact us or visit our disability support pages .

The Open University

  • Study with us
  • Work with us
  • Supported distance learning
  • Funding your studies
  • International students
  • Global reputation
  • Sustainability
  • Develop your workforce
  • Contact the OU

Undergraduate

  • Arts and Humanities
  • Art History
  • Business and Management
  • Combined Studies
  • Computing and IT
  • Creative Arts
  • Creative Writing
  • Criminology
  • Early Years
  • Electronic Engineering
  • Film and Media
  • Health and Social Care
  • Health and Wellbeing
  • Health Sciences
  • International Studies
  • Mathematics
  • Mental Health
  • Nursing and Healthcare
  • Religious Studies
  • Social Sciences
  • Social Work
  • Software Engineering
  • Sport and Fitness
  • Postgraduate study
  • Research degrees
  • Masters in Social Work (MA)
  • Masters in Economics (MSc)
  • Masters in Creative Writing (MA)
  • Masters in Education (MA/MEd)
  • Masters in Engineering (MSc)
  • Masters in English Literature (MA)
  • Masters in History (MA)
  • Masters in International Relations (MA)
  • Masters in Finance (MSc)
  • Masters in Cyber Security (MSc)
  • Masters in Psychology (MSc)
  • A to Z of Masters degrees
  • OU Accessibility statement
  • Conditions of use
  • Privacy policy
  • Cookie policy
  • Manage cookie preferences
  • Modern slavery act (pdf 149kb)

Follow us on Social media

Google+

  • Student Policies and Regulations
  • Student Charter
  • System Status
  • Contact the OU Contact the OU
  • Modern Slavery Act (pdf 149kb)

© . . .

Where do you live?

Please tell us where you live so that we can provide you with the most relevant information as you use this website.

If you are at a BFPO address please choose the country or region in which you would ordinarily be resident.

Pardon Our Interruption

As you were browsing something about your browser made us think you were a bot. There are a few reasons this might happen:

  • You've disabled JavaScript in your web browser.
  • You're a power user moving through this website with super-human speed.
  • You've disabled cookies in your web browser.
  • A third-party browser plugin, such as Ghostery or NoScript, is preventing JavaScript from running. Additional information is available in this support article .

To regain access, please make sure that cookies and JavaScript are enabled before reloading the page.

Facts.net

40 Facts About Elektrostal

Lanette Mayes

Written by Lanette Mayes

Modified & Updated: 01 Jun 2024

Jessica Corbett

Reviewed by Jessica Corbett

40-facts-about-elektrostal

Elektrostal is a vibrant city located in the Moscow Oblast region of Russia. With a rich history, stunning architecture, and a thriving community, Elektrostal is a city that has much to offer. Whether you are a history buff, nature enthusiast, or simply curious about different cultures, Elektrostal is sure to captivate you.

This article will provide you with 40 fascinating facts about Elektrostal, giving you a better understanding of why this city is worth exploring. From its origins as an industrial hub to its modern-day charm, we will delve into the various aspects that make Elektrostal a unique and must-visit destination.

So, join us as we uncover the hidden treasures of Elektrostal and discover what makes this city a true gem in the heart of Russia.

Key Takeaways:

  • Elektrostal, known as the “Motor City of Russia,” is a vibrant and growing city with a rich industrial history, offering diverse cultural experiences and a strong commitment to environmental sustainability.
  • With its convenient location near Moscow, Elektrostal provides a picturesque landscape, vibrant nightlife, and a range of recreational activities, making it an ideal destination for residents and visitors alike.

Known as the “Motor City of Russia.”

Elektrostal, a city located in the Moscow Oblast region of Russia, earned the nickname “Motor City” due to its significant involvement in the automotive industry.

Home to the Elektrostal Metallurgical Plant.

Elektrostal is renowned for its metallurgical plant, which has been producing high-quality steel and alloys since its establishment in 1916.

Boasts a rich industrial heritage.

Elektrostal has a long history of industrial development, contributing to the growth and progress of the region.

Founded in 1916.

The city of Elektrostal was founded in 1916 as a result of the construction of the Elektrostal Metallurgical Plant.

Located approximately 50 kilometers east of Moscow.

Elektrostal is situated in close proximity to the Russian capital, making it easily accessible for both residents and visitors.

Known for its vibrant cultural scene.

Elektrostal is home to several cultural institutions, including museums, theaters, and art galleries that showcase the city’s rich artistic heritage.

A popular destination for nature lovers.

Surrounded by picturesque landscapes and forests, Elektrostal offers ample opportunities for outdoor activities such as hiking, camping, and birdwatching.

Hosts the annual Elektrostal City Day celebrations.

Every year, Elektrostal organizes festive events and activities to celebrate its founding, bringing together residents and visitors in a spirit of unity and joy.

Has a population of approximately 160,000 people.

Elektrostal is home to a diverse and vibrant community of around 160,000 residents, contributing to its dynamic atmosphere.

Boasts excellent education facilities.

The city is known for its well-established educational institutions, providing quality education to students of all ages.

A center for scientific research and innovation.

Elektrostal serves as an important hub for scientific research, particularly in the fields of metallurgy , materials science, and engineering.

Surrounded by picturesque lakes.

The city is blessed with numerous beautiful lakes , offering scenic views and recreational opportunities for locals and visitors alike.

Well-connected transportation system.

Elektrostal benefits from an efficient transportation network, including highways, railways, and public transportation options, ensuring convenient travel within and beyond the city.

Famous for its traditional Russian cuisine.

Food enthusiasts can indulge in authentic Russian dishes at numerous restaurants and cafes scattered throughout Elektrostal.

Home to notable architectural landmarks.

Elektrostal boasts impressive architecture, including the Church of the Transfiguration of the Lord and the Elektrostal Palace of Culture.

Offers a wide range of recreational facilities.

Residents and visitors can enjoy various recreational activities, such as sports complexes, swimming pools, and fitness centers, enhancing the overall quality of life.

Provides a high standard of healthcare.

Elektrostal is equipped with modern medical facilities, ensuring residents have access to quality healthcare services.

Home to the Elektrostal History Museum.

The Elektrostal History Museum showcases the city’s fascinating past through exhibitions and displays.

A hub for sports enthusiasts.

Elektrostal is passionate about sports, with numerous stadiums, arenas, and sports clubs offering opportunities for athletes and spectators.

Celebrates diverse cultural festivals.

Throughout the year, Elektrostal hosts a variety of cultural festivals, celebrating different ethnicities, traditions, and art forms.

Electric power played a significant role in its early development.

Elektrostal owes its name and initial growth to the establishment of electric power stations and the utilization of electricity in the industrial sector.

Boasts a thriving economy.

The city’s strong industrial base, coupled with its strategic location near Moscow, has contributed to Elektrostal’s prosperous economic status.

Houses the Elektrostal Drama Theater.

The Elektrostal Drama Theater is a cultural centerpiece, attracting theater enthusiasts from far and wide.

Popular destination for winter sports.

Elektrostal’s proximity to ski resorts and winter sport facilities makes it a favorite destination for skiing, snowboarding, and other winter activities.

Promotes environmental sustainability.

Elektrostal prioritizes environmental protection and sustainability, implementing initiatives to reduce pollution and preserve natural resources.

Home to renowned educational institutions.

Elektrostal is known for its prestigious schools and universities, offering a wide range of academic programs to students.

Committed to cultural preservation.

The city values its cultural heritage and takes active steps to preserve and promote traditional customs, crafts, and arts.

Hosts an annual International Film Festival.

The Elektrostal International Film Festival attracts filmmakers and cinema enthusiasts from around the world, showcasing a diverse range of films.

Encourages entrepreneurship and innovation.

Elektrostal supports aspiring entrepreneurs and fosters a culture of innovation, providing opportunities for startups and business development .

Offers a range of housing options.

Elektrostal provides diverse housing options, including apartments, houses, and residential complexes, catering to different lifestyles and budgets.

Home to notable sports teams.

Elektrostal is proud of its sports legacy , with several successful sports teams competing at regional and national levels.

Boasts a vibrant nightlife scene.

Residents and visitors can enjoy a lively nightlife in Elektrostal, with numerous bars, clubs, and entertainment venues.

Promotes cultural exchange and international relations.

Elektrostal actively engages in international partnerships, cultural exchanges, and diplomatic collaborations to foster global connections.

Surrounded by beautiful nature reserves.

Nearby nature reserves, such as the Barybino Forest and Luchinskoye Lake, offer opportunities for nature enthusiasts to explore and appreciate the region’s biodiversity.

Commemorates historical events.

The city pays tribute to significant historical events through memorials, monuments, and exhibitions, ensuring the preservation of collective memory.

Promotes sports and youth development.

Elektrostal invests in sports infrastructure and programs to encourage youth participation, health, and physical fitness.

Hosts annual cultural and artistic festivals.

Throughout the year, Elektrostal celebrates its cultural diversity through festivals dedicated to music, dance, art, and theater.

Provides a picturesque landscape for photography enthusiasts.

The city’s scenic beauty, architectural landmarks, and natural surroundings make it a paradise for photographers.

Connects to Moscow via a direct train line.

The convenient train connection between Elektrostal and Moscow makes commuting between the two cities effortless.

A city with a bright future.

Elektrostal continues to grow and develop, aiming to become a model city in terms of infrastructure, sustainability, and quality of life for its residents.

In conclusion, Elektrostal is a fascinating city with a rich history and a vibrant present. From its origins as a center of steel production to its modern-day status as a hub for education and industry, Elektrostal has plenty to offer both residents and visitors. With its beautiful parks, cultural attractions, and proximity to Moscow, there is no shortage of things to see and do in this dynamic city. Whether you’re interested in exploring its historical landmarks, enjoying outdoor activities, or immersing yourself in the local culture, Elektrostal has something for everyone. So, next time you find yourself in the Moscow region, don’t miss the opportunity to discover the hidden gems of Elektrostal.

Q: What is the population of Elektrostal?

A: As of the latest data, the population of Elektrostal is approximately XXXX.

Q: How far is Elektrostal from Moscow?

A: Elektrostal is located approximately XX kilometers away from Moscow.

Q: Are there any famous landmarks in Elektrostal?

A: Yes, Elektrostal is home to several notable landmarks, including XXXX and XXXX.

Q: What industries are prominent in Elektrostal?

A: Elektrostal is known for its steel production industry and is also a center for engineering and manufacturing.

Q: Are there any universities or educational institutions in Elektrostal?

A: Yes, Elektrostal is home to XXXX University and several other educational institutions.

Q: What are some popular outdoor activities in Elektrostal?

A: Elektrostal offers several outdoor activities, such as hiking, cycling, and picnicking in its beautiful parks.

Q: Is Elektrostal well-connected in terms of transportation?

A: Yes, Elektrostal has good transportation links, including trains and buses, making it easily accessible from nearby cities.

Q: Are there any annual events or festivals in Elektrostal?

A: Yes, Elektrostal hosts various events and festivals throughout the year, including XXXX and XXXX.

Elektrostal's fascinating history, vibrant culture, and promising future make it a city worth exploring. For more captivating facts about cities around the world, discover the unique characteristics that define each city . Uncover the hidden gems of Moscow Oblast through our in-depth look at Kolomna. Lastly, dive into the rich industrial heritage of Teesside, a thriving industrial center with its own story to tell.

Was this page helpful?

Our commitment to delivering trustworthy and engaging content is at the heart of what we do. Each fact on our site is contributed by real users like you, bringing a wealth of diverse insights and information. To ensure the highest standards of accuracy and reliability, our dedicated editors meticulously review each submission. This process guarantees that the facts we share are not only fascinating but also credible. Trust in our commitment to quality and authenticity as you explore and learn with us.

Share this Fact:

Cybo The Global Business Directory

  • Moscow Oblast
  •  » 
  • Elektrostal

State Housing Inspectorate of the Moscow Region

Phone 8 (496) 575-02-20 8 (496) 575-02-20

Phone 8 (496) 511-20-80 8 (496) 511-20-80

Public administration near State Housing Inspectorate of the Moscow Region

IMAGES

  1. Strategic Management Assignment

    assignment strategic management

  2. Ankush Strategic management Assignment

    assignment strategic management

  3. Strategic Management Assignment

    assignment strategic management

  4. Assignment ContentReview the Strategic Management Project .docx

    assignment strategic management

  5. Strategic management assignment Free Essay Example

    assignment strategic management

  6. ⇉Strategic management assignment Essay Example

    assignment strategic management

VIDEO

  1. McDonalds Gong Badak, Kuala Terengganu

  2. Strategic Management Final Assignment

  3. Strategic Management Assignment

  4. Strategic Communication Design

  5. DAY -2

  6. GROUP 12 SPRITZER VIDEO CORPORATE

COMMENTS

  1. Assignments

    In responding to question "i", you might identify Capital One's competencies by considering the eight strategic positionings that are part of the Triangle in the Delta Model. 7. Competitive Positioning. Ghemawat, Pankaj, Stephen P. Bradley, and Ken Mark. "Wal*Mart Stores in 2003.".

  2. MGT 498 : STRATEGIC MANAGEMENT

    Week 2 MGT498. Strategic Management Process Paper MGT/498 October 13, 2015 Strategic management process Strategic Management Process is a way the organization defines its strategy. It is a continuous process in which the organization decides to implement a selected few. MGT 498.

  3. Strategic Management

    STRATEGIC MANAGEMENT offers an introduction to the key topics and themes of strategic management. The authors draw on examples of familiar companies and personalities to illustrate the different strategies used by today's firms—and how they go about implementing those strategies. Students will learn how to conduct a case analysis, measure organizational performance, and conduct external ...

  4. What Is Strategic Management? Benefits, Process, and Careers

    Types of strategy. One way of thinking about strategic management is to classify the management focus into three types of strategy: • A business strategy is a high-level plan where you outline how your organization will achieve its objectives. • Operational strategies are much more specific plans where you detail what actions to take to achieve the desired results.

  5. Stages and Types of Strategy

    The strategic management process consists of three, four, or five steps depending upon how the different stages are labeled and grouped. ... Everyone in the organization should be aware of his or her particular assignments, responsibilities and authority. Management should provide additional employee training to meet plan objectives during this ...

  6. Strategic Management

    Although I am a strategic management practitioner, this course is the best introductory course for beginners as the content delivered by the professor resonates with the quality provided therein. ... To access graded assignments and to earn a Certificate, you will need to purchase the Certificate experience, during or after your audit. If you ...

  7. PDF How to write a strategic plan

    Overcoming Challenges and Pitfalls. Challenge of consensus over clarity. Challenge of who provides input versus who decides. Preparing a long, ambitious, 5 year plan that sits on a shelf. Finding a balance between process and a final product. Communicating and executing the plan. Lack of alignment between mission, action, and finances.

  8. PDF Cases in Strategic Management

    6. Apply the concepts and techniques of strategic analysis you have been studying. Strategic analysis is not just a collection of opinions; rather, it entails applying the concepts and analytical tools described in Chapters 1 through 13 to cut beneath the surface and produce sharp insight and understanding.

  9. Conceptual Framework for the Strategic Management: A Literature Review

    The objective of this work is to review the literature of the main concepts that lead to determining the strategic approach, creation of strategies, organizational structures, strategy formulation, and strategic evaluation as a guide for the organizational management, taking into account the effects produced by the different types of strategies on the performance of organizations.

  10. Strategic Management Assignments (10 Best Writing Steps)

    II. Understanding Strategic Management Assignments. A. Definition and Purpose. In the realm of academia and business education, Strategic Management Assignments form a crucial facet, embodying the essence of decision-making power and foresighted planning. The term "strategic management" refers to the comprehensive analysis, formulation, and ...

  11. (DOC) Strategic Management Assignment Sample

    Strategic Management Assignment Sample. Strategic Management Assignment Help This is an era of globalization and cut throat market competition. It becomes of paramount importance for organizations to use their resources strategically so that they can meet their predefined goals by maximizing their internal strengths and stay afloat in the market.

  12. Strategic Management

    There are 7 modules in this course. In this capstone project course, we revisit the strategy controversy at e-Types, introduced in the first course in this specialization, Strategic Management, and further analysed in each of the subsequent courses, Strategy Formulation and Strategy Implementation. After revealing, examining, and analyzing what ...

  13. Assignments for Strategic Management for Management's students

    Strategic Management Assignment. Formulate strategy for Vietjet Aviation Joint Stock Company. (3) Strategic Business Analysis Case Analysis. Cooperate strategy is a mechanism where the organization agrees on the position it wants to be, its rivals and its unique target market.

  14. How to Implement a Strategic Management Process [2024] • Asana

    1. Identify your goals. The first step in the strategic management process is to evaluate where you're going, and why. Ideally, you already have some goal materials in place, including: Your vision statement. Your mission statement. Your long-term goals and/or BHAGs. Your company's core competencies.

  15. Assignment on strategic management in international context

    This assignment shows how strategies are made and how we can reach to a particular level university of sunderland in london pgdm 156 strategic management in an

  16. 9.1 Strategic Management

    The strategic management process is the set of activities that firm managers undertake in order to try to put their firms in the best possible position to compete successfully in the marketplace. Strategic management is made up of several distinct activities, shown in Exhibit 9.3. This chapter will detail the role each activity plays in ...

  17. What Is Strategic Management?

    Strategic management is the management of an organization's resources to achieve its goals and objectives. Strategic management involves setting objectives, analyzing the competitive environment ...

  18. MGMT 661

    5. SWOT Analysis CWB. Mandatory assignments None. 4. SMPT Strategy Formulation Template Instructions MGMT 661-SSL. Other None. 37. Strategic Management Problem Solving Template SMPT - 2211050 - Andres Perez. Lecture notes None.

  19. B302

    Block 1. You'll be introduced to key concepts in strategy and strategic management. There is much debate on what strategy is, and you'll learn different definitions and develop a clear understanding of what comprises strategic choices for organisations. You'll also explore the core concepts of vision, mission, values, and goals.

  20. Stratagic Management Assignment I

    Entrepreneurship- Chapter 1. Amharic Textual Entailment Recognition. Laboratory Manual Principles GIS Jan2022. Geostatics final - for students. Huajian-WPS Office - Anatomy Course. Contract course outline. Strategic Management YIC yardstick international collage master of business administration program strategic assignment submited to: berihun ...

  21. MGMT 410 : Strategic Management

    MGMT410_Assgn1_SWOT.docx. Running head: VENTURE OPPORTUNITY 1 Venture Opportunity and SWOT Analysis of a Bakery Strategic Management June 23, 2019 VENTURE OPPORTUNITY 2 Venture Opportunity and SWOT Analysis of a Bakery The venture that will be the focus of this assignment is a ba

  22. Strategic Management Assignment

    Strategic Management Assignment - Free download as Word Doc (.doc / .docx), PDF File (.pdf), Text File (.txt) or read online for free. The document discusses strategic management and outlines the key steps in the strategic management process. It begins with defining strategic management as a process that involves defining an organization's strategy through formulation, implementation ...

  23. MGT401 Assignment 3-2nd Sem-2023-24 (pdf)

    Management document from Saudi Electronic University, 8 pages, ‫المملكة العربية السعودية‬ ‫وزارة التعليم‬ ‫الجامعة السعودية اﻹلكترونية‬ `Kingdom of Saudi Arabia Ministry of Education Saudi Electronic University College of Administrative and Financial Sciences Assignment-3 Strategic Management (MGT 401) Due Date: 7th

  24. 40 Facts About Elektrostal

    40 Facts About Elektrostal. Elektrostal is a vibrant city located in the Moscow Oblast region of Russia. With a rich history, stunning architecture, and a thriving community, Elektrostal is a city that has much to offer. Whether you are a history buff, nature enthusiast, or simply curious about different cultures, Elektrostal is sure to ...

  25. State Housing Inspectorate of the Moscow Region

    State Housing Inspectorate of the Moscow Region Elektrostal postal code 144009. See Google profile, Hours, Phone, Website and more for this business. 2.0 Cybo Score. Review on Cybo.