We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Strategic Development and Management - Essay Example

Comments (0) Cite this document
The following essay explores the processes within the area of Strategic Development and Management from a critical perspective whilst endeavouring to produce meaningful conclusions and future recommendations in application to Information Systems as a means of achieving strategic advantage…
Download full paperFile format: .doc, available for editing
Polish This Essay94.4% of users find it useful
Strategic Development and Management
Read TextPreview

Extract of sample
"Strategic Development and Management"

Download file to see previous pages According to the paper findings strategy is that function of an organisation where decisions and plans are made, which reflect the long-term objectives of the organisation, and is independent from decisions made on a daily level. Other definitions include, “the pursuit of superior performance by using a plan that ensures a better or stronger matching of corporate strengths to customer needs than is provided by competitors”. It can be argued that the above definitions may be interdependent because attaining competitive advantage may sometimes be seen as a long-term objective by organisations, depending upon the market environment they operate in.
As the essay stresses the definitions also show that there are internal and external implications to strategy, where the internal factors may include the structure of the organisation, the kind of corporate governance (leadership) that exists within the organisation, and the function of Human Resources Management. The external factors may include the Political, Economic, Sociological, Technological, Environmental, and Legal issues associated within a given market environment where the organisation operates. There are other methods of internal and external analyses that influence strategy like the SWOT analysis and Porter’s five forces, which are all helpful for the organisation to make strategic decisions in order to attain competitive advantage. These methods will be discussed in detail in later stages of the study....
To delve further into the study it is important to establish the definition for the terms ‘strategic management’. David (2009) defines strategic management as the “art and science of formulating, implementing, and evaluating cross-functional decisions that enable an organisation to achieve its objectives” (p. 36). As the definition suggests, there are different functions within an organisation like management, marketing, finance/accounting, production/operations, research and development, and computer information systems (David, 2009; Johnson et al, 2008), but not necessarily restricted to these, and the job of strategic management is to integrate all these functions towards the common goal of achieving organisational success. Stages of Strategic Management: The strategy formulation stage normally involves assessing the organisation’s resources and determining what market(s) to enter and which ones to abandon. This is also the stage where visions and missions of the company are developed and long-term objectives are established. Top managers take up the responsibilities to assess the advantages of expansion or reduction, and/or entering international markets, resource allocation, product diversification, mergers/ takeovers etc. This is also where companies assess the opportunities and threats in particular markets and internal strengths and weaknesses in order to create contingent strategies (SWOT). Analysis is also done on what markets to invest in and what political, economical, socio-cultural, technological, environmental and legal (PESTEL) issues may arise in said market. Decisions made during this stage commit an organisation to specific products, resources, markets and technologies for ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
(“Strategic Development and Management Essay Example | Topics and Well Written Essays - 3500 words”, n.d.)
Retrieved from https://studentshare.org/management/1411916-describe-and-discuss-the-concept-of-the-various
(Strategic Development and Management Essay Example | Topics and Well Written Essays - 3500 Words)
“Strategic Development and Management Essay Example | Topics and Well Written Essays - 3500 Words”, n.d. https://studentshare.org/management/1411916-describe-and-discuss-the-concept-of-the-various.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document
Emirates Airlines Cabin Crew Strategic Development System for Effective Staff Motivational Management
This claim can be clearly witness from the changes in aviation industry that has constantly been adapting to the changing dynamics of business that is related to it or not. For instance, the event of 9/11 that changed the entire world has put multitude of impact on the aviation industry as the industry has been directly involved.
40 Pages(10000 words)Essay
Leadership and Management Development
As the paper, Leadership and Management Development, stresses leadership and management form the fundamental instruments attributable to the success of any organization. The general composition of any management structure and flow include controlling, planning, organizing, leading and the directing function of the management. 
9 Pages(2250 words)Essay
Strategic management
Crisis management plan must be prepared keeping into consideration the overall safety of the strategic planning process. The aim of the strategic management in such needful situations is to enhance the organizational capacity in responding to the crisis and make strategic plans to effectively overcome from the identified obstacles (European Interagency Security Forum, “Crisis Management of Critical Incidents”).
15 Pages(3750 words)Essay
Examination and evaluation of supplier partnerships and strategic alliances in the development and management of the supply chain
While both the supplier and the buyer gain from such alliances, mutual trust and a long-term commitment is essential for the success of such alliances. Attitude and culture change are essential for the success of such partnerships. Supply
12 Pages(3000 words)Essay
Strategic Management
Strategic management in the public sector is a complex process since there are multiple stakeholders with varying needs and limited resources available. There are various approaches to strategic management in the public sector.
8 Pages(2000 words)Essay
Personal Development As a Strategic Leader and Strategic Performance management
So far, I am assured by my reflections that I am in the right career, although I am humbled by the fact that I do need to learn so much more in order to be a great future leader. This Personal Development Plan helps me organize my
28 Pages(7000 words)Essay
Benefits of Strategic Management
In publicly traded companies the board of directors also contributes to the strategic management initiatives of a company. An example of a strategic management decision is choosing to move from a domestic firm into a
1 Pages(250 words)Essay
Strategic management
The secretary general stated that Qatar’s education sector was now ready to enter into a strategic partnership so that the institution
1 Pages(250 words)Essay
The founder, Amanico Ortega is regarded as the richest man in Spain and third richest in world. The company operates globally through a number of stores amounting to about 6460 (Inditex, 2015a). The clothes are changed twice a week with new models and
8 Pages(2000 words)Essay
Strategic Management
Strategic management requires extensive planning in any organization since the company’s future relies on prior set goals and objectives. The planning
8 Pages(2000 words)Essay
Let us find you another Essay on topic Strategic Development and Management for FREE!
Contact us:
Contact Us Now
FREE Mobile Apps:
  • About StudentShare
  • Testimonials
  • FAQ
  • Blog
  • Free Essays
  • New Essays
  • Essays
  • The Newest Essay Topics
  • Index samples by all dates
Join us:
Contact Us