MGT7201E: Strategic Management is all about the identification and description of the strategies that managers can carry so as to achieve: Strategic Management Report, IIU, Malaysia
University | INTI International University (IIU) |
Subject | MGT7201E: Strategic Management |
Strategic Management is all about the identification and description of the strategies that managers can carry so as to achieve better performance and a competitive advantage for their organization. An organization is said to have a competitive advantage if its profitability is higher than the average profitability for all companies in its industry.
Strategic management can also be defined as a bundle of decisions and acts that a manager undertakes, and which decides the result of the firm’s performance. The manager must have a thorough knowledge and analysis of the general and competitive organizational environment so as to make the right decisions.
Strategic management involves formulation and implementation of the major goals and initiatives taken by a company’s top management on behalf of owners, based on consideration of resources and an assessment of the internal and external environments in which the organization competes. Strategic management is a continuous process. There are three stages in this process: strategy formulation, strategy implementation, and evaluation and control.
Are You Searching Answer of this Question? Request Malaysian Writers to Write a plagiarism Free Copy for You.
Recent Solved Questions
- Demonstrates the methods of implementing a research work, primarily delineating the research model, identifying the appropriate research design: Business Research Assignment, SUT, Malaysia
- SEMM3023: The determination of the fundamental natural frequency for cantilever beams is crucial in many engineering applications: Applied numerical method Report, UMT, Malaysia
- Determine the basic training unit contribution margin and the break-even point number of participants in the current year: Finance and Accounting for Managers Assignment, SC, Malaysia
- With the increase of requirement for electric power and decrease of fossil energy, the photovoltaic power plant has a great development: Sustainable Energy & Power Distribution Assignment, AUTI, Malaysia
- CCS20903: Create a complete web application using Java Servlet and Java Server Pages technologies. Create a Java web application: Client Server Computing Assignment, MSU, Malaysia
- Dalam konteks ini, latihan bola segar telah dikaji untuk melihat sama ada ia boleh membantu prestasi fizikal dan kemahiran: Sports Science Assignment, CU, Malaysia
- The occurrence of violence and abuse against children is on the rise. Discuss the causes and effects: English Essay, APU, Malaysia
- Each group are required to elaborate on how the greening and sustainability of the Malaysian waste sector can be strategically enhanced: Environmental Science Assignment, UON, Malaysia
- There have been large extinctions throughout Earth’s history. The most famous of these caused the end of the dinosaurs: English Home Work, UPM, Malaysia
- How would you spend your last day if you knew you had only one more day to live? Life is so unpredictable and at times: English Coursework, UOM, Malaysia