Describe the strategic management process

Assignment Help Strategic Management
Reference no: EM131123280 , Length:

Strategic Management - Directions: Be sure to save an electronic copy of your answer before submitting it to Ashworth College for grading. Unless otherwise stated, answer in complete sentences, and be sure to use correct English, spelling and grammar. Sources must be cited in APA format.

Your response should be four (4) double-spaced pages; refer to the "Assignment Format" page located on the Course Home page for specific format requirements.

Part A

The questions in Part A refer to the material discussed in Lesson 1 of this course. Respond to the following.

1. Describe the strategic management process. What does it mean to manage strategically?

2. What are the three types of organizational strategies and how are they different?

3. The Sarbanes-Oxley Act of 2002 (SOX) has had a significant impact on strategic management practices and strategies. Discuss how the Sarbanes-Oxley Act of 2002 reformed corporate governance.

Part B

The questions in Part B refer to the material discussed in Lesson 2 of this course. Respond to the following.

1. Compare and contrast the industrial organization (I/O) and resource-based views (RBV) on competitive advantage.
a. How does each develop a competitive advantage?
b. What is their focus?
c. What are their determinants of profitability?

2. What makes organizational resource-based views unique?

Part C

The questions in Part C refer to the material discussed in Lesson 3 of this course.

In Lesson 2 you discussed the industrial organization (I/O) and resource-based views (RBV) on competitive advantage. You now know that competition and competencies are both major organizational concerns. In Lesson 3 we take a closer look at how to conduct an external analysis of an organization's specific and general environments.

To demonstrate your understanding of external analysis, respond to the following.

1. Analyze the two perspectives on the environment.

2. Explain the primary responsibility of managers in conducting external analysis across managerial levels.

3. Describe the benefits of conducting an external analysis.

Part D

The questions in Part D refer to the material discussed in Lesson 4 of this course.

As you learned in Lesson 3, performing an external analysis can provide information to be used in planning, decision making, and strategy formulation. Organizations that conduct external analysis are most successfully when they combine this knowledge with a solid understanding of their internal strengths and weaknesses.

To demonstrate your understanding of internal analysis, respond to the following.

1. Define and present the characteristics of distinctive organizational capabilities.

2. Outline the steps in the identification of distinctive organizational capabilities.

3. Describe the criteria involved in judging organizational strengths and weaknesses.

4. Discuss the internal audit approach and why it is important.

Verified Expert

Reference no: EM131123280

Questions Cloud

Compare various sources of rights found in the united states : Compare and contrast the various sources of rights found in the United States. In your own opinion, determine which you feel is the most important source and why
Describe for the class your potential report topic : In at least 2-3 solid paragraphs, describe for the class your potential report topic. What is the central issue? Who will your audience be? What do you hope your report will accomplish? What might the basic structure look like? What resources wil..
What is legal basis for the courts jurisdiction over flower : Analyze and explain/justify your rationale: which court has jurisdiction to hear the case, and why? What is the legal basis for the court's jurisdiction over Flower (i.e., what type of jurisdiction exists over Flower)?
What the virtual police department needs to do : Describe in detail what the Virtual Police Department needs to do in order to avoid following in the footsteps of the subject police department or otherwise find itself subject to DOJ oversight in he form of a consent decree/agreement
Describe the strategic management process : BU470 - Strategic Management Describe the strategic management process. What does it mean to manage strategically and what are the three types of organizational strategies and how are they different?
A billing claim to the insurance carrier for a procedure : You have been working for a physician in private practice for 8 months. You start to see a pattern with several of his workers' compensation cases. Some of these patients seems to have more tests and procedures ordered than others with similar con..
Why is this business interesting to you : SECTION #2 - REVENUE & PROFITS: Discuss how your business will generate money.
Generated from conducting a forward multiple regression : 1.)    The following output was generated from conducting a forward multiple regression to identify which IVs (urban, birthrat, lnphone, and lnradio) predict lngdp. The data that were analyzed were from the SPSS country.sav data file.
How many 8-in by 10-in prints will this amount cover : Construction A bu ildi ng foundation has a length of 82 ft and a perimeter of 292 ft. What is the width? (H int: Peri meter = 2 X length + 2 X width.)

Reviews

Write a Review

 

Strategic Management Questions & Answers

  Implementation of a strategic plan within an organisation

Develop a prioritised list of strategies, Describe a timeframe for each to be completed and assign responsible parties to each strategy.

  Explain the strategic analysis framework

Use the Strategic Analysis Framework and other tools in order to conduct a strategic audit. You might consider using a SWOT analysis for both companies to analyze each companies situation.

  Explain how the hps model interacts

Explain how the HPS model interacts with a process diagram to aid in performing an Enabler Analysis. Identify the process of an Enabler Analysis and explain each of the elements.

  Strategic components in developing the overall marketing pl

Assignment 1 covers specific learning outcomes in chapters 1 through 6 and builds upon strategic components in developing the overall marketing plan. This assignment must be submitted through Blackboard by clicking the Assignments Tab and uplo..

  Write a quality term paper on productivity, inventory

How to write a quality term paper on productivity, operation management, inventory, capacity and quality improvement?

  Are some products too dangerous to be marketed

Are some products too dangerous to be marketed under any circumstances? What regulations, if any, would you place on marketing cigarettes, guns, or prescription drugs

  Create fictional start-up company that serves us market

Provide a detailed description of your company. The description should include, at a minimum, the company's name, its history, founders, business purpose, and mission.

  Sustain competitive advantage through business strategy

Determine what competitive advantages each company has and what strategies each company is using. How does each company create value and sustain competitive advantage through business strategy

  Developing a preliminary business plan

Developing a Preliminary Business Plan

  1go online and research portal technologies identify the

1.go online and research portal technologies. identify the major players in portal development. what attributes of

  Assessment taskwe are doing a sustainable business

assessment taskwe are doing a sustainable business development report about an australian manufacturing company called

  Identify potential gaps in the product line

How the product positioning is aligned with McDonald's corporate strategy. Identify potential gaps in the product line or weaknesses in positioning.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd