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.
Nobody downloaded yet

Strategic Management - Essay Example

Comments (0) Cite this document
This paper declares that various international and multinational companies that are facing low growth prospects in their own domestic regions are increasingly looking forward to capitalize on the growth opportunities emerging from the new markets. This creates an upshot of increase of competition in the highly connected global market…
Download full paperFile format: .doc, available for editing
Polish This Essay92.3% of users find it useful
Strategic Management
Read TextPreview

Extract of sample
"Strategic Management"

Download file to see previous pages Finally, the firms also need to focus on converting their designed strategies into action, so as to leverage the maximum advantage available in the marketplace. Strategic Position It has to be the said that the strategic position of a company highlights the position of the company in regards to its existing competitors in a specific market. The strategic and competitive position of a company can be best explained by using the broad differentiation business model. Source: Hill & Jones, 2012, p. 181 It has to be said that this model categorizes companies into three groups like differentiators, broad differentiators as well as cost leaders. Talking in a detailed manner, it has to be said that the companies that belong to the differentiator category tries to gain the maximum amount of advantage from the market by trying to distinguish its product and service offerings in regards to its competitors. While talking about broad differentiators, it is of high relevance to mention the fact that these group of companies fall in the middle region of the model. It has to be said that the typical behaviour of these group of companies comprises of designing of business strategies that helps in better discrimination of their products as well as effective lowering of the cost structures (Hill & Jones, 2012, p. 180). These category of companies focuses on operating on a specific region since it provides the companies with a significant competitive advantage in regards to designing their strategies on the lines of effective segmentation, targeting and positioning. This particular fact also helps the company to attain a decrease in the price of its products and services. Finally, while commenting on the companies that fall in the category of cost leaders, it can be...
This essay stresses that the inter relation that exists between strategic position, strategic choice and the process of converting strategy into action can be best explained by discussing US based organization Southwest Airlines. It can be said that the Dallas based carrier is highly popular in the domestic market of US because of its low-cost pricing of its passenger aviation services. Talking about the strategic position of the company, it can be said that the company has positioned itself as the most efficient low-cost carrier in the market of US. Hence, it can be said that the America based airline company has utilized the tactic of using cost leadership to gain a foothold in the market. This paper makes a conclusion that while discussing the company’s method of implementing the low-cost strategy into action, attention has to be given to the nature of allocation and management of the essential resources of the company. In order to extract optimum utilization of the company’s high-value assets, the company revised the frequency of flights to various routes on the basis of the consumer demand. Also, the company’s decision to cater to secondary airports resulted in reducing the ground time for the airlines, thereby boosting up both productivity as well as profitability (Hill and Jones, 2009, p. 105). ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
(“Strategic Management Essay Example | Topics and Well Written Essays - 1750 words - 1”, n.d.)
Strategic Management Essay Example | Topics and Well Written Essays - 1750 words - 1. Retrieved from https://studentshare.org/management/1469958-strategic-management
(Strategic Management Essay Example | Topics and Well Written Essays - 1750 Words - 1)
Strategic Management Essay Example | Topics and Well Written Essays - 1750 Words - 1. https://studentshare.org/management/1469958-strategic-management.
“Strategic Management Essay Example | Topics and Well Written Essays - 1750 Words - 1”, n.d. https://studentshare.org/management/1469958-strategic-management.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document
Strategic Management
This means that strategic management brings together the mission, objectives, and vision of a firm and develops policies and plans then allocates resolves to allocate resources to the set plans and policies in order to ensure their implementation (Wheelen & Hunger, 2011).
3 Pages(750 words)Essay
Strategic Management
Strategic Management Name: Institution: Strategic Management The success of any organization regardless of its affiliation depends on how it conducts its strategic management. This allows an organization to analyze all the key initiatives that the top management of the company undertakes on behalf of its key stakeholders.
4 Pages(1000 words)Essay
Strategic Management
The purpose of strategic management is to create new and different opportunities for the organisations to sustain in its usually competitive environment. In brief, the notion of strategic management is fundamentally described as the procedure of devising along with executing effective strategies with the intention of supporting an organisation to attain its expected business targets (Nag et al., 2007).
4 Pages(1000 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
Strategic Management: Strategic Choices
Main products of the company are printers, personal computers, network management software, high end servers etc. Company is operating its business globally in several areas like printing, computing, digital imaging. Beside this, the company is also providing software and services.
4 Pages(1000 words)Case Study
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
Strategic management
In an article published in the Wall Street Journal on 7 May, 2009 and titled Arbitron, Looking To Make Strategic Investments, Takes Page From Cisco, Ty McMahan wrote about the recent decision that had recently been taken
2 Pages(500 words)Essay
Strategic Management
r changing surroundings, managers need to constantly analyse and decide on the actions that would increase the efficiency of a firm’s operations and enable it to survive the competition. This is where strategic management play a vital role in the organisation’s survival. The
10 Pages(2500 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
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 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