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MGT657 Strategic Management Assignment Sample UiTM Malaysia

This capstone course integrates all of the skills that students have learnt in their earlier semesters to help them diagnose a business situation from an objective point. The overview starts with the strategic management process and as the semester progresses, there will be more information on how things like the external environment or internal culture affect your company’s mission statement – effectively giving you insights into what strategies should go along those lines so they can succeed.

In this capstone course, students will be expected to work on a real business case and come up with innovative solutions. The goal is to help them learn how to effectively apply the concepts and tools they have learnt in class to a real business problem. This course will also help prepare students for their future careers by teaching them how to think critically and solve problems effectively.

This course is structured around a series of team-based projects. Students will be expected to work in teams to diagnose a business problem and come up with a creative solution. The projects will require students to use the concepts and tools they have learnt in class to analyze data, identify trends, and make recommendations. Throughout the course, students will be given feedback on their work so that they can improve their skills.

Logical thinking and decision-making are skills necessary for any business or professional career. These critical abilities can be developed through the course, which offers students an opportunity to develop leadership qualities as well.

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Assignment Brief 1: Explain theories of strategic management.

There are three dominant theories of strategic management: the rational model, the entrepreneurial model, and the learning model.

The rational model of strategic management is based on the idea that managers are rational beings who make decisions based on a careful analysis of all available information. This theory assumes that managers can calculate accurately the likely outcomes of different courses of action and then choose the best option.

The entrepreneurial model of strategic management is based on the idea that successful companies are founded and run by entrepreneurs who take risks and seize opportunities. This theory emphasizes creativity, innovation, and risk-taking to achieve success.

The learning model of strategic management is based on the idea that firms can learn and adapt over time to improve their performance. This theory emphasizes the importance of experience and learning from mistakes to become more successful.

Assignment Brief 2: Determine relevant strategic decision-making.

There are a few key factors to consider when it comes to making strategic decisions in business. 

First, you need to have a clear understanding of your company’s goals and objectives. What are you trying to achieve? What are your long-term plans? Once you know this, you can start to narrow down your options and develop a plan of action.

Next, you need to take a look at your competition. Who else is trying to achieve similar things? What are they doing differently? How can you learn from their successes and failures? Understanding your competition will help you make better decisions about how to position yourself in the market.

Finally, you need to think about timing. When is the right time to make a particular decision? If you act too soon, you may not have all the information you need. But if you wait too long, you may miss out on an opportunity. Pay attention to trends and developments in your industry to help you make the best decisions possible.

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Assignment Brief 3: Demonstrate managerial skills related to strategic management.

There are a few key managerial skills related to strategic management that are worth highlighting.

First, it’s important to be able to understand and articulate the organization’s overall vision and mission. This includes being able to set strategic goals that align with the company’s direction.

Second, managers need to be competent in competitor analysis to develop effective strategies for gaining a competitive edge. Additionally, they must have a good understanding of the company’s internal strengths and weaknesses to make informed decisions about where to allocate resources.

Finally, it is also critical for managers to be able. Do you think emotional intelligence is important for success in life? demonstrate strong leadership qualities to ensure the successful execution of the chosen strategy.

While these are just a few of the skills that are necessary for successful strategic management, they provide a good foundation for any manager who is looking to improve their ability to create and implement effective business strategies.

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