🔱 Essays on Strategic Management

Able Corporation: Strategic Business Management

The business Strategy of any company, like Able Corporation, determines how the goals of the company, be it be short term or long term, be achieved. Its formulation for any company brings upon four different important factors Product development, Market penetration, Market development, and diversification. All these four factors can...

Strategic Management

Strategic Human Resource Management

Introduction In 1990 a great work to change the HRM system was started, which then resulted in a shift of role of the HR practinaires in the contemporary Australian business. The change was initiated through establishment of the united public sector. Australian HR practitioners had to focus not only on...

Strategic Management

Riordan Company’s Strategic Plan

Executive Summary Riordan Company is well known for its plastic production which is distributed in major industries such as the aviation industry, automobile industry, and the bottlers of soft drinks. Over the past one and a half decade, there has been rapid globalization in businesses mostly led by the advanced...

Strategic Management

The Concept of Quality Management Productivity

Introduction Total Quality Management (TQM) is a strategic management concept that believes in building quality into the cultural fabric of an organization. A proper implementation of quality will ensure high product quality, increased productivity, lesser rejections and improve the bottom line of the company along with increasing the customer satisfaction....

Strategic Management

Strategic Management: SWOT Analysis for Gap Inc.

Introduction Gap Inc is one of the most reputed brands in the world. The company is specialized in providing branded fashion accessories to customers. Gap Inc is specialized in the cloth business. The company was established in the year 1969. “The Company is a global specialty retailer operating retail and...

Strategic Management

Wal-Mart Inc.: Current Status Analysis

Introduction Wal-Mart is a public corporation of American origin that operates a chain of considerable, retail stores. It is rated as one of the largest corporations worldwide in terms of its revenue. Wal-Mart was founded in the year 1962 by Sam Walton and was later incorporated into the present Wal-Mart...

Strategic Management

Managing Strategic Changes Effectively

Introduction Organizational change is an essential procedure that allows companies to acquire or introduce new products, processes, or strategies. Leaders should consider emerging factors that have the potential to transform performance and maximize competitiveness. Companies that ignore these drivers of change will become either obsolete or less competitive. This paper...

Strategic Management

Role-Based Model of Management and Functional Models

Leadership and management are related in a way, but they are both different. While the manager, in French terms is a leader, an innovator, the inspirational type and an activist (Dex), a leader is the “broker” or “stabilizer” of the manager (Rex). For a manager to be effective, he must...

Strategic Management

Strategic Information Systems Planning

Strategic Information Systems Planning (SISP) can be defined as the process of choosing the appropriate computer-based applications for realizing business goals. SISP is regarded as an essential part of developing the business performance of an organization especially in times of the Internet. The introduction of the World Wide Web in...

Strategic Management

Information Technology Change Management

Enormous successes and ground-breaking achievements in the technological field, the spread of technologies throughout all the spheres of human life are the most striking features of the world economy. Information technology becomes the fundamental element and the driving factor for the development of the modern postindustrial society. While offering vast...

Strategic Management

Issue and Crisis Management in Contemporary Organisations

Introduction In the corporate set up, businesses are encounter issues and crises that require the attention of the management team. In such cases, the management should be in a position to handle the emerging issues in a bid to improve an organisation’s public relations. The difference between issues and crises...

Strategic Management

Business Strategy Formulation and Environmental Factors

Introduction Strategy formulation is part of the strategic management process which is concerned with setting the direction of the firm. The formulation process of a strategy is concerned with defining the business, establishing strategic objectives and formulating a comprehensive strategy. The setting of organizational objectives should always begin with a...

Strategic Management

Building an Evaluative Culture for Effective Management

Every business organization wants to achieve its goals. Every business organization should have an effective culture that uses evidence-based ideas and practices. Such ideas inform managers about the best strategies to address the issues affecting their organizations. An evaluative culture is what completes an organization’s managerial strategy. A Results Management...

Strategic Management

SonoSite, Apple and Unilever Companies: Strategic Management

Introduction Major companies around the world have realized that the only way through which they can remain competitive is to maintain a high level of innovation in the market. They are forced to come up with new products that offer superior value to their clients. However, there are cases where...

Strategic Management

Management Information System: Role in Business

Introduction Information systems play a critical in business enhancement since they allow managers to plan, organize, and execute policies effectively. The relationships among various stakeholders are handled through application of information system meaning that it has a positive impact towards business development. Additionally, they help in strengthening business strategies, irrespective...

Strategic Management

Operations Strategy’s Implications in Management

Introduction Across the contemporary business societies, operations strategy is an essential aspect of success. This aspect is the most significant before marketing and production. As a matter of fact, operations strategy is the backbone of a stable company since it determines productivity in terms of flow of operations. Besides, the...

Strategic Management

Strategic Management Process and Its Components

Strategic management is a process that determines the fundamental aims and goals of the organization. Strategic management plays a critical role as far as making decisions are concerned. Moreover, it entails following up the accomplishment of the aims and goals. These decisions are both long-term and short-term. The top management...

Strategic Management

Management Change: Balanced Scorecard

The balanced score card is a strategic planning management tool that was created in 1987 by an independent management consultant by the name Art Schneiderman while he was working at a company called Analog devices. The balanced score card was later studied by Drs. Robert Kaplan and David Norton who...

Strategic Management

Business Competitive Strategies

Introduction Competition is one of the main challenges that any business entity in the current society has to deal with in order to achieve success. The presence of many players in the same industry forces firms to find ways in which they can gain competitive edge over their market rivals...

Strategic Management