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Assignment: Strategic Planning and Strategic Management
The purpose of this assignment is to help students understand strategic business terminology (vision, mission, goals, objectives, specific objectives, internal and external scanning), to recognize the components of a strategic plan and to be familiar with the core information and steps needed to create a strategic plan. Furthermore, this assignment allows students to recognize the difference between strategic planning and strategic management.
Assignment Steps
Write a 700-word analysis in which you complete the following:
• Describe and define the primary components of the Strategic Management Process.• Describe and define internal and external analysis.• Describe and define the responsibilities and duties of the Strategic Manager.• Explain why companies need strategic management planning.
Cite 3 scholarly references, including at least two peer-reviewed references from the University Library.
Format your paper consistent with APA guidelines.
List in detail the current internal capabilities available to address the external opportunities and threats-if there are any with have all four characteristics of the VRIN.
Take the value added and other data for Glaxo Smith Kline and outline the value chain for the company. Develop the value system within which the company operates. What strategy conclusions can you draw?
How does using a framework such as resource-based view (RBV) or Porter's Five Forces enable an organization to achieve a competitive advantage, by implementing strategic HRM practices throughout the organization?
Synthesise theories and models from the module readings and literature and utilise effective discussion, analysis and conclusions showing critical thinking to propose solutions
What steps/actions would an organization take to determine whether the transportation activity has the appropriate internal competencies to achieve competitive advantage?
Strategic Alliances and Human Resource Management - Explain the organization and purpose of chaebols.
Strategic Planning For a Not For Profit Organization
Identify and discuss what you believe to be the most strategic external environment scanning factor that could have the biggest impact on your Strategic Audit firm in the next five years
Evaluate what the key authors have said about these issues? What do you think of the coherence of their arguments - Identify the key issues in your area of practice and research.
Which type of business do you think will survive.
Using the steps in Clement Ojugo's article, "Knowing your break-even point critical to good decision making,".
Define the enterprise resources into tangible and intangible and include under the latter they include certain resources such as brand names and technical patents.
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