Contact Us
Sign In / Sign Up for FREE
Go to advanced search...

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
GRAB THE BEST PAPER96.6% 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
(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.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF Strategic Development and Management

Emirates Airlines Cabin Crew Strategic Development System for Effective Staff Motivational Management

...of organization’s base. These employees characterize as solid asset of the organization and enjoy high level of loyalty and these characteristics make them reason for the companies’ stability. Hence, ignoring them cause high loss to the organization. Hence, importance of the employees to the organizational success has now taken its own seat on the table strategic policy of the organization. 1.4- IMPORTANCE OF RECRUITMENT, TRAINING AND MOTIVATION Human resource development program includes activities and practices for the various functions of the entire human resources management. Though with changing dynamics of the business world, the HR’s functions have been changed than ever and...
40 Pages(10000 words)Essay

The Issues in Juvenile Justice

2 Pages(500 words)Research Paper

Strategic Management: Strategic Choices

...?Introduction From a local Japanese company, Toyota has emerged as one of the world’s largest car manufacturer with production, operations and sales all over the globe – a truly giant multinational organization. Although the Japanese has been known for its discipline and industry, the success of the company can be attributed more to the business strategies it has developed and implemented over the years. In fact, a discussion of Toyota’s strategies has become a common staple not only for aspiring business and management students but also for professionals across the business spectrum. Business Strategies Toyota’s business strategy can be perceived to contain four ingredients: innovation, localization,...
4 Pages(1000 words)Essay

Strategic Management: Strategic Choices

...? Strategic Management: Strategic Choices Training and Doctrine Command (TRADOC) Mission of TRADOC Training and Doctrine Command (TRADOC) mission is to develop the soldier, train and educate the soldiers, the leaders and the civilians; supports unit training, designs, integrates and builds a versatile mix of formations, capabilities and equipment in order to strengthen the US Army (TRADOC, 2012). Strategic choices by TRADOC The TRADOC Strategic plan has three strategic choices which provide as organizing constructs for main objectives and tends to support the achievement of the strategic objectives and execution of mission and role of the Army trainer leading to change in the Army. Therefore, the three strategic options for TRADOC... related...
3 Pages(750 words)Essay

Strategic Management: Strategic Choices

...ranked first in global personal computer shipment. In this, HP beat its competitors with about 3.5% market share lead. Culture of the Company Values, norms and beliefs of the organization represent the culture of the organization. Corporate culture is determined by the senior management. A unique management style is developed by the founders of the HP Company, Bill Hewlett and David Packard. They named it HP Way. According to Mr. Bill Hewlett, HP Way comprises a deep respect for the individuals, a devotion to economical quality and trustworthiness, a promise to societal liability and the company subsists to contribute the technical improvement and for the wellbeing of the human race....
4 Pages(1000 words)Case Study

Examination and evaluation of supplier partnerships and strategic alliances in the development and management of the supply chain

...a deeper insight. The ethical issues would be taken into account and it is expected that this research would benefit the future managers responsible in the forming strategic alliances and partnerships in the supply chain process. Table of Contents 1. Research Objectives 2 2. Literature and background reviews 2 2.1 Benefits of alliances and partnerships 4 2.2 Trust and long term orientation essential 5 2.3 Information sharing essential criteria 7 2.4 Risk hedging strategy 7 2.5 Barriers removal 8 3. Methodology 8 4. Ethical considerations and Conclusion 11 Bibliography 12 1.0 Research objectives Supply chain represents the sequence...
12 Pages(3000 words)Essay

Longitudinal Strategic Development Study

... Longitudinal Strategic Development Study 1. Introduction Starbucks Corporation (or “Starbucks”), of the restaurant industry, is a global roaster and retailer of specialty coffee in the world, with operations in more than 50 countries.1 This paper seeks to have a longitudinal strategic development study of Starbucks Corporation by analyzing the strategic positions and choices made by the company in the recent past, what it presently does in its strategies and to help the company to determine its future strategic directions. 2.1 The Recent Past This part would discuss the strategies deployed in the past, years prior to 2008, and resulting outcomes. By dwelling or its recent strategic development history... , this...
14 Pages(3500 words)Essay

Personal Development As a Strategic Leader and Strategic Performance management

...Plan to For Leadership Development ……..……...12 Figure 2. Development Plan……………………………...………………………….13 References……………………………………………………………………………16 Introduction I have been privileged to take this course on Strategic Leadership at the Management School of London. I have been learning so much from the course that I am eager to apply it to my work, and to my personal life as well. It has given me so many opportunities to introspect and reflect if I am really where I need to be. 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...
28 Pages(7000 words)Essay


...Strategic management accounting Table of Contents Inditex 3 Business Model interaction with the product market 3 Product market 5 BCG Matrix of Inditex 6 Porter’s Five Forces 7 Product Life Cycle of Inditex 9 Introduction 9 Growth 9 Maturity 10 Decline 10 Capital Structure 13 Capital market of Inditex 14 Internal architecture 18 Interaction between the product and capital market 19 Nexus of contract 19 Financial analysis 19 Leasing and Off balance sheet 20 ROCE 22 Conclusion 24 Reference List 26 Bibliography 28 Inditex Inditex (Industria de Diseno Textil, S.A.) is regarded as one of the largest fashion retailer in the world, which owns 8 brands (Inditex, 2015a). The company is headquartered in Galicia....
8 Pages(2000 words)Essay

Strategic Management - Business Strategy for Sustainable Development

...Strategic Management Individual Assignment By Introduction The concept of sustainable development has gained wider acceptance in the recent years as a result of growing concerns over environmental sustainability, optimised resource utilisation, and community welfare. This concept can be simply referred to the development strategy that attempts to meet the needs of the current world without hurting future generations’ ability to meet their needs (Purvis & Grainger, 2013, p.6). Today governmental and non-governmental organisations at different levels are striving to align the concept of sustainable development with their operational strategy so as to render...
7 Pages(1750 words)Case Study
sponsored ads
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.

Let us find you another Essay on topic Strategic Development and Management for FREE!

Contact Us