Strategic management employs goal-setting and planning to make a business more competitive and successful. The process consists of three general steps: planning, execution, and monitoring.
When one needs to write a strategic management essay, the most obvious option is to look at the steps listed above. Another idea is to consider SWOT (Strengths, Weaknesses, Opportunities, Threats) analyses. A good topic for such a paper might be connected to the best practices of strategic management and its components. Finally, you can analyze a case of a particular company and its competitive advantages.
Keep reading to find a comprehensive list of high-quality strategic management essay samples. These papers are written by one of the most successful students in this discipline.
Strategic business thinking and decision-making require taking multiple independent and interdependent variables into account every time a new problem arises. In the modern globalized environment where the impact of disruptive technologies becomes evermore dominant and the level of uncertainty in management increases continuously, developing proper strategies is essential for any...
Introduction Business success hinges on having a well-thought-out strategy, necessitating analysis of the external market and the company’s internal operations. Experts disagree on which factors should be used to determine a company’s course of action, with some saying the external market and others saying the company’s resources and capabilities. Unique...
Issues Cultural variations are important in international company expansion because organizations must be aware of the different distinctions in language, habits, beliefs, and business attitudes. Understanding these distinctions is critical for avoiding miscommunication, misconceptions, and bad consequences for the company’s reputation. Furthermore, each country’s legal and regulatory framework must be...
Introduction Many business organizations experience the challenge of declining markets, hence the need for business expansion, primarily by entering global markets. An organized research strategy about globalization can be significant in enhancing the success of an organization as it enters the global market (Peng, 2021). Before implementing the system, it...
Abstract Tesco PLC is one of the UK’s leading international food retailers, with over 2500 stores worldwide. Products include food and non-food products, including appliances, opticians, and pharmacies, and there are also retail services such as Tesco Personal Finance, Tesco.com, and Tesco Telecom. Tesco was one of the first to...
Introduction The financial and strategic management of Amazon Company will be analyzed from a variety of aspects throughout this study. Much emphasis will be placed on various parts of the firm. There will be an analysis of some of the dangers the company faces, and some suggestions will be offered...
The article “Strategic planning and information systems in small-medium Enterprises: dimensions of success and performance” by Kamariotou (2022). Explores and highlights the importance of strategic planning and information systems on the success and performance of small and medium enterprises (SMEs). The article is related to the management of information systems,...
Introduction Walmart Inc. is one of the world’s largest and most successful retailers. It has a global presence spanning over 24 countries with more than 10,500 stores (Batista, 2021). Human resource management is an essential factor that Walmart pays close attention to, as they strive to ensure their employees are...
Tesla is one of the world’s leading electric vehicle and energy storage companies. Its cutting-edge technology, appealing design and innovation, and excellent customer service have revolutionized the industry. On the other hand, Tesla needs to develop and implement business strategies that will set it apart from its competitors to remain...
It is not a secret that ownership, governance, and management are among the priority components in managing an organization. Each of them is interconnected with the other and represents a single whole in the process of competent, correct, and effective leadership and administration within a firm. Accordingly, this aspect is...
SWOT Analysis of TESLA Company Strengths Weaknesses Opportunities Threats SWOT Analysis Strategy Improving the company through outsourcing helps them get a great deal in the various talents in various ways. Outsourcing helps Tesla to compare talents and find varied ways of enhancing their talents (Korosec 41). However, subcontracting within a...
Introduction Strategic management is necessary for a company to be more flexible, anticipate changes in market components in advance, win in the competition, and ensure development in the long term. It includes the business and corporate-level strategies necessary for a company’s long-term success. Therefore, this paper will analyze the processes...
One of the dimensions along which companies develop their operation strategy is quality. For example, the fast food company McDonald’s aims to maximize the quality of its products within available resources or constraints such as price and cost constraints. McDonald’s uses the production line method to maintain consistent product quality....
Net profit value is the difference between cash inflows and outflows measured in a specified time, while the internal rate of return assists in determining whether or not to invest. Both measurements help in capital budgeting, allowing businesses to estimate the value of future investments and expansions (Nariswari & Nugraha,...
The fictional company selected for the study is called XYZ Corp. The latter is an organization that manufactures and sells health and fitness products. The firm’s vision is to support people in living healthier and more active lives. To accomplish this vision, XYZ Corp has several strategies and objectives in...
Introduction Appropriate merchandising strategy plays an integral role in the success of fashion companies. Fashion brands adopt appealing marketing strategies to sustain them ahead of their competitors. Merchandising strategies such as understanding customer needs, maximizing exposure in retail stores and personalizing the shopping experience in e-commerce help multiply customer turnover,...
Introduction Mauritius Villas and Bungalows Rental is a turnkey company that caters to travelers needing home-like accommodations while on vacation in Mauritius. The rentals will provide its services to all prospective customers, particularly those who reside in the Mauritius Island region. The problem or gap is a considerable demand to...
Roku Captial Group(RCG) The genesis of Roku Captial Group(RCG) was founded from an desire of a group of people wanting to invest into high growth businesses to derive increased financial performance for its group of investors. As an investor driven business, RCG group looks to engage acquisitions that will increase...
Sales revenue is the primary financial resource used when carrying out an organization’s activities. One of the key assumptions for most forecasters is that the past serves as an important key to future behavior. The reasons for making forecasts are the uncertainty of the future, the need to coordinate the...
Introduction One of the key objectives of any business is to maximize profits while reducing operating costs — this allows the company to increase capital and gradually acquire a more significant niche in the industry market. There is a myriad of strategies that can be used to maximize profits (Kurochkina...
Strategic planning is a concept that focuses on the creation of specific organizational strategies, how they are implemented, and assessing outcomes attributed to planning execution relative to a business’s long-term goals. The art behind planning entails integrating different departments within an organization to help it realize the set goals (Hitt...
Introduction Baidu Inc. with the ticker symbol BIDU is recognized as a multinational technology company that is based in the district of Haidian in Beijing, China. Ever since its foundation by Eric Xu and Robin Li in January 2000, the company has been dealing in the delivery of the services...
Introduction Choosing the correct business development strategy is an important factor in launching and maintaining a business and a company. According to Lafley and Martin (2013) and Hunter (2018), the strategic choice should be based on the analysis of the beneficial ways to implement the strategy. In this case, the...
Introduction Southwest Airlines is an American low-cost carrier whose mission is to connect people to what matters to them through low-cost, friendly flights (Purpose, Vision, and The Southwest Way, n.d.). The company currently employs a cost leadership strategy and servant leadership approach that ensures low operating costs and low costs...
Strengths Among the various strengths of investing in a new brewpub is having the ability to create one’s beer brand. There are various reasons why this is an advantage, including controlling the quality, variety, and saving money (Fereja & Demeke, 2019). Being a business and having to serve the customers...
Given two ways of starting a firm’s strategic planning, namely, starting with setting a vision and mission and then analyzing the environment and vice versa, the advantages and disadvantages of each can be identified. Although these two approaches are different, their effectiveness depends on similar conditions. Thus, analyzing them in...
The success of any business organization in the market is influenced by the level of planning, monitoring, and assessment of processes undertaken by the firm. It is through strategic management that managers can identify specific goals and various approaches to achieving them. Caterpillar Inc. Company has been formulating both short...
Introduction Thinking critically entails investigating matters in depth to arrive at more correct conclusions and better decisions. Making decisions for one’s firm requires the use of critical thinking (Soomo Learning, 2020). An organization could lose time, money, and perhaps the firm itself if a hasty or foolish decision is made....
Executive Summary The international business environment has become extremely competitive due to human and technological dynamics. Multinational organizations planning to invest in foreign markets need to undertake complex assessments before settling on the best choice. Such analyses need to be completed using evidence-based approaches to identify some of the existing...
In its business promotion, Apple utilizes characteristic strategic factors designed to maintain sales sustainability. Firstly, according to Tien (2020), the company has a tough marketing policy aimed at covering a limited market niche. This initiative is designed to provide targeted products not to all consumers without exception but to those...
Small and medium enterprises in the United Kingdom are very common and occupy more than half of the country’s economy. These companies have many opportunities for development, but only if the strategy is properly developed, which will take into account all the features of the environment and possible risks for...
Introduction Amazon Inc. is one of the first Internet services focused on real goods of mass demand sale and the world’s largest company in terms of turnover that sells goods and services over the Internet. It was founded on the fifth of July 1994 in Bellevue, Washington, by Jeffrey Bezos...
Considering the size of UPS’ operations, it is critical for the company to keep the information regarding its deliveries as accurate as possible. The input of a tracking number into the system comes in the form of a bar code attached by the network to each delivery. After the initial...
Introduction There are different strategies that businesses may use to determine their effectiveness in penetrating foreign markets. Proper planning is essential in the process since it helps firms make prior decisions, evading marketing problems that arise in the extension process. The SWOT, PEST, and PORTER analyses are some of the...
Introduction Business strategy is a key factor that can define the success of an enterprise. For a strategy to be fully functional and implemented in the right way, there is a requirement that people in charge must be proactive to ensure that all the elements of the strategy are followed...
Introduction The problem that deserves consideration and needs to be addressed within this organization is the inability to accurately track the progress in the development of the company. Even though the company has a well-thought-out development strategy, its obvious drawback is the lack of methodological tools for a real assessment...
VêTEMENTS LTéE strategy can be viewed as a competitive sales strategy. It is focused on maximizing profit for the company through motivational programs for employees. The wrong attitude to competition in a company can turn effective teamwork into a toxic every man for himself atmosphere. It is generally accepted that...
Introduction Strategic competitiveness is accomplished when an organization fortunately composes and executes a profitable strategy. Concerning the organization’s environment, the system dictates the goals and objectives of the organization. Strategic management is how the administration decides the firm’s long-term plan. The SK-II Globalization Project fundamentally scrutinizes whether P&G will make...
Introduction Generally, in a competitive market, the performance of a business organization is significantly influenced by the respective strategies utilized by the enterprise. It is upon the management team to determine specific plans, which, being incorporated into the business operations, have the potential of positively impacting or facilitating the growth...
Abstract The paper discussed the state of Neema hospital performance and how the 7 S model, Balanced Scorecard, and SWOT analysis tools can be used to effect strategic management changes. Additionally, the strengths and weaknesses of each tool and their unique attributes in the healthcare business were discussed. The paper...
Research Proposal A roadmap to optimization of the operation of the demand planning department and process for a positive financial effect. Research Questions How can demand planning to support a better decision-making process? How can demand planning help planners work more efficiently? How can demand planning increase agility to react...
Introduction In conditions of a dynamic market environment and a variety of development channels, modern businesses need sustainable programs to control the allocation of financial resources. The conducted literature review, using peer-reviewed sources as a valid theoretical base, evaluates the prospects and features of the implementation of a corporate financial...
Technology Plan for Strategic Implementation The technology plan for strategic implementation includes the purchase of new software and updates for the replacement and modernization of equipment. Further, after replacing outdated equipment, software configuration and training of personnel in its use are necessary (Zhao et al., 2021). To improve the online...
Introduction and Strategic Direction Toyota Motor Corporation (TMC) is today one of the most successful automobile companies in Japan and across the globe. This corporation began in 1937 in Japan when Kiichiro Toyoda chose to disassociate with his father’s company by the name Toyota Industries (Li, 2018). This move led...
Introduction Strategy is the process a company adopts to maintain its competitive advantage. Strategy is a well-planned and considered course of action that points towards desired outcomes. The well-being and sustainable competitive gains depend on the existing strategy used by a firm. While many companies strive to achieve long-term goals,...
Introduction Strategic human resource management (SHRM) can be applied to a variety of business spheres with differing results. In the study “Strategic Human Resource Management and Public Employee Retention,” Fahim looks at its use in the public sector of a developing country and its potential connection to employee retention rates....
Introduction UPS has its key priorities in ensuring the customers’ desires are attained before others. It has a leading innovation strategy that enables it to advance its service delivery continually. The company’s strategic position depends on its culture and the continuity in offering quality service delivery to its customers globally....
Summary With international sales of more than $450 billion in 2010, Wal-Mart is among the largest retailers in the world. Wal-Mart, one of the Fortune 500 corporations, evolved from a modest retail location founded in 1962 into an unrivaled chain of hyper retail locations. Wal-Mart’s growth was explicit due to...
Introduction Mergers and acquisitions refer to the process by which companies consolidate their assets through financial transactions. The two terms are more often used interchangeably but have different meanings. In a merger, two firms are united, forming a single legal entity with one corporate name. In most cases, a merger...
The leaders engage various elements, techniques, and methods in the process of team or group management. Successful and effective leadership strategies can result in trustworthiness, a healthy working environment, and more productive performance of each participating individual. Groups and teams require opposite approaches a leadership. The perspective on the delegative...
Introduction JetBlue is a low-cost domestic airline in the United States founded in 1999. The airline has grown to become the seventh largest passenger carrier in the U.S. based on available seat miles. JetBlue Airways is headquartered in New York City and flies to more than 100 cities within the...
When it comes to what a strategy is, it can be simply defined as the determination of a way to succeed in a particular period. According to Hill et al. (2020), strategy is realized on the basis of a firm’s organizational arrangements and measures taken at the functional level. To...
Introduction McDonald’s Corporation is an American corporation, by 2010, the world’s largest chain of fast-food restaurants. In 2010, the company ranked 2nd in the number of restaurants worldwide after the Subway restaurant chain. The company is headquartered in Oak Brook – a suburb of Chicago, USA. Under the McDonald’s brand,...
To define a business model, it is first necessary to have a good understanding of what a business is. In the article What Is a Business Model, Andrea Ovans gives different definitions of business models, which are universal for different types of companies (2015). As a result, the author concludes...
Introduction The ability of the organization to conduct an independent strategy in all areas makes it more flexible and sustainable. It allows it to adapt to the requirements of the environment and circumstances. The plan is formed under the influence of the internal and external environment and is constantly evolving,...
Introduction Tony Fernades and Dato Kamarudin Meranum founded AirAsia in 2001 to offer quality services at affordable prices. The Airline was started in Malaysia due to failing government ownership; thus, it was sold for one Ringgit plus the trailing debt (Verity et al., 2016). Fifteen years later, What started as...
Introduction Woolworths supermarket is a chain of markets that provides goods and services for the Australian people. The company’s main products are foodstuffs such as groceries, electronics, and clothing as the main products. The business has thrived for many years in the field of the retail industry and ensures that...
Introduction Next Plc is a retailer that can be categorized under the retail industry. The company sells products and goods to customers for personal or household consumption. The company operates in the UK, Ireland, and other international markets. Founded in 1864 and headquartered in Leicester as a ladies’ fashion retailer,...
Many individuals are inclined to continue using strategies they are familiar with because they have been successful for them in the past. However, this temptation also means that individuals might stop exploring novel approaches or solutions to issues. The most successful leaders, on the other hand, are observant and eager...
Company Background Perhaps the most complicated, transformed group of forms of international business operations in the production and investment group. Its appearance is caused both by the problems of organizing effective exports to the selected foreign market and its physical remoteness. Such production involves the transfer of not only marketing...
UnitedHealth Group UnitedHealth Group is the largest healthcare insurance company that was established in 1974. According to their website, they have three fundamental strengths that set them different from other health care firms that are clinical care management, health information, and sophisticated technology (UnitedHealthcare, n.d.). It is a for-profit corporation...
The provision of consulting services by MIT to its clients, which are expected in a wide range of information technology services, is ongoing. Its manual hiring practices, use of untrained labor in the adoption of technological innovation, and insufficient contracts due to competition from other businesses have all presented significant...
Human resource management and organizational leadership are two opposed management techniques that regularly collide, despite each approach having distinct advantages and disadvantages. Influential business leaders may combine these to develop a good plan for guiding an organization toward long-term profitability and effective staff management (Hekkinen et al., 2021). The General...
Introduction Industry: Clothing and Home Products Retail Company’s Strategy: To offer high-quality clothing and homeware at an accessible price and build a long-lasting relationship with clients and shareholders through the support of sustainable development and the creation of value. Porter’s Generic Strategies The current paper investigates NEXT’s organizational strategy through...
Introduction The core proposal for Aspire XT is to implement an innovation-driven culture and establish deliberate development. Continuous progress becomes a routine task in deliberate development organizations. Such companies establish a link between organizational and human potential (Gyansah & Guantai, 2018). The business will develop when employees’ growth opportunities are...
Executive Summary The smartphone industry is considered a dynamic environment that shapes the opportunities and goals that a corporation can pursue and attain. Apple’s mission is to create the best possible customer experiences through innovative hardware, software, and services. Apple’s goal of providing a superior experience and high-quality commodities is...
Business strategy is critical for every organization looking to grow strategically. A business model is a well-defined collection of objectives, activities, and targets that explains how a company will engage in a specific marketplace with a single product or a portfolio of goods and services (Holmberg-Wright et al., 2017). A...
This paper is the analysis of the three metrics, SPACE, GRAND, and Qualitative Strategic Planning Matrix, and their relevance for Domino’s Pizza’s strategic planning. Domino’s Pizza is a successful multinational business that operates restaurants and deliveries (“About us,” n.d.). The first matrix is SPACE, which describes the strategy, position, action,...
Strategic planning is a tool organization uses to outline their objectives and vision and to direct how they will be achieved. A business assesses its existing situation and projects further directions in order to decide on each stage of development. Planning for human resources plays a part in this because...
From this course and program, I learned that strategic management is the management of a company’s resources to achieve its goals and objectives. It is a plan for ensuring that performance targets are achieved and expanded upon. Strategic management provides overall direction by establishing goals-oriented plans and policies and then...
Culture and Mergers Culture refers to the beliefs and values that dictate people’s behavior, attitudes, and mindset in performing their duties in an organization. People working in different entities are not exposed to the same environment. Hence, organizations seeking to merge have to assess their alignment and the cultural context...
Defining Performance Management Process Juke Enterprise is a manufacturing organization in Detroit, Michigan, that believes in performance management. The organization has three subsidiaries located in different parts of the nation, headquartered in Detroit. Juke employs above two thousand workers, and a majority of the employees work in the production and...
The Muni Organization Muni, or the San Francisco Municipal Railway, is the San Francisco Municipal Transportation Agency (SFMTA) department and is responsible for the transportation network in the city. The company has a rich history dating back to 1912, when it was first established and recognized as the “People’s Railway”...
Introduction The Toyota brand is today one of the largest car manufacturers. Toyota Motor Corporation (TMT), as the flagship automaker in the eastern region, has a long development history. Due to the efforts of its founders and leaders, the brand has gained global fame and become a recognized auto concern....
Abstract The management of Emirates Airline appreciates the need to ensure that its operations are environmentally sustainable. In this paper, the focus was to explore specific strategies that this company is using in its airport operations to achieve sustainability. The researcher collected data from primary and secondary data to achieve...
A company’s organizational structure refers to the mode of conduct of employees in a corporate setting. It refers to the relationship among employees and between employees and the organization. The study of organizational behavior provides knowledge about what organizations deem as an acceptable code of conduct and professional performance and...
Executive summary In summary, the company Who Gives A Crap (WGAC) has many benefits to offer. Such as their strong relations with other companies and their diversity of products. However, the company is at risk of the Australian Government changing tax laws and not being able to sell toilet paper...
Introduction Businesses of the modern competitive and rapidly globalizing and digitalizing world are evolving at high speed, responding to and creating new trends in economy and society. However, even the most successful companies require continuous improvement of their business strategies, marketing approaches, and promotional ideas. It is essential to analyze...
Introduction A merger is a time-consuming and challenging process for all firms and individuals involved. It requires sufficient preparation before the partnership starts, as well as enough attention to it during the implementation. While mergers are believed to help organizations become stronger on the market, they also pose many risks...
Competition is an important influence factor in the economy, and companies must carefully choose their strategies to maintain competitiveness. The current paper analyzes Apple’s business-level and corporate-level strategies to achieve its long-term success. The report also compares the company and its strategies with one of the key competitors – Samsung,...
Planning Planning will be focused on selecting the most effective goals and activities to pursue. It will determine which strategies to implement, the actions to take and make judgments on the resources required to achieve the goals. Organizational planning creates goals, deliverables, schedules, and objectives to guide an organization’s future...
Introduction Given its dynamism, the fields of business and management are always subject to change. Companies and personnel operating within such a space need to be adaptive and embrace change when necessary. However, change should always be done in consideration of its potential effects, challenges, resistance from affected persons, and...
Introduction Netflix is a globally well-known streaming service that gained fame and recognition from the audience because of its numerous shows and film releases. Still, the brand has specific advantages and disadvantages in the work structure and corporate policies. Throughout its existence, there have been several scandals and issues regarding...
Introduction Strategic planning and management in various fields are tied to several conditions and principles that professionals observe. The development of a company never depends only on one department or on a tiny group of employees, but it is always a complex process in which many players with different skills...
Summary As businesses look to remain competitive and sustainable, it is important that they deploy unique strategies in their operations. Given the need to be unique, it is necessary that these strategies are not only efficient but also practical. Businesses may opt to benchmark from others or brainstorm new options...
ESG Strategy Implementation Ford is among the top locomotive companies in the world. The company attributes its success to its effective ESG strategy. Ford Motor Company considers environmental, social, and governance (ESG) approaches to be a priority and dedicates its resources to various ESG investments. The company maintains that having...
Introduction The loyalty ladder is a frequently used instrument in marketing that allows determining the “right path” that consumers of services and goods should follow. Moreover, it is a relatively simple, easy-to-use tool that helps one think through a customer development strategy to lead them to commit to a company’s...
Diversicare is regarded as a leading post-acute care provider in its chosen medical sector. Whether a patient requires short-term treatment, sophisticated medical care, long-term care, or memory care, their centers have a multidisciplinary staff prepared to provide high-quality care that suits your needs. Diversicare is dedicated to giving each patient...
Starting the food truck business will require an appealing and competitive concept, a solid marketing strategy, equipped food truck, and a viable business plan. Since food trucks are cheaper than purchasing a restaurant location, it will be a cost-effective but profitable option. The business will offer better quality, fresh and...
Introduction The significance of corporate sustainability and responsibility has become common among businesses globally in recent years. Corporate executives are desperately trying to gain a comprehensive understanding of how organizations, ethics, society, corporate sustainability, and responsibility interact with each other. Sustainability refers to the capability to meet present needs without...
Introduction Some current authors link the overconfidence bias to negative outcomes, including failed collaboration and the inability to account for all parties’ financial and strategic interests. As per Russo and Cesarani (2017), in strategic alliances, the spirit of collaboration is reduced due to some partners’ insufficient familiarity with collaborative relations’...
An Analysis of Companies The pandemic has presented companies not only with severe threats but also with valuable business opportunities. According to Parnell (2014), when the world undergoes rapid and sudden changes, successful companies capitalize on emerging opportunities and mitigate the negative effects. This is what many companies did in...
Introduction The considerations of the new general manager are largely agreeable and in line with the trends of the market and economy, potentially providing Matexin the opportunities for long-term growth. The suggestions brought forward by Pau are aimed at creating innovation, specifically through process and management innovation as well as...
The strategy that Apple can apply is investing its own funds to develop its position in the stock market. Apple shares already have a significant value in the market, but at the same time there is great potential for development, as the market for securities prices develops and grows. Investing...
Introduction Building a cohesive team is crucial in achieving strategic objectives in business. Teamwork is the single most influential factor that gives an organization the ultimate competitive advantage (Lencioni, 2002). However, the process of building the team is difficult and complex. Dysfunctions of the group are examples of the challenges...
Introduction The mission is the statement of the company’s objectives and its objectives to reach the aims. Vision is what the company desires to look like or how it wishes to run its business after a certain period. The mission is important because it helps the workers work smart and...
Apple’s decision to raise the prices may be faulty, while the unit sales could be considered profitable. The company’s strategy combines low-cost and differentiation modes, although it has not mixed these strategies recently. Namely, iPhones that sold for low prices gained popularity among the public, and the abrupt change in...
Pfizer is one of the global organizations dealing with drugs and pharmaceutical products. To achieve global placement, the company approaches its operations from a strategic view. As shown in Figure 1 below, the company approaches its innovation from developed to emerging markets. This culture enables the organization to make strategic...
Caterpillar Inc. is famous for its manufacturer of mining and construction machines. Many companies have ensured that they improve their performance by focusing on various approaches. For instance, SWOT analysis is one of the techniques corporations use as a strategic planning tool. This method has been used to determine a...
Introduction to the Strategic Challenge Airborne Express, the US mail industry company, received extremely positive financial reports. Revenue for the third quarter of 1997 was 29% higher than expected, while net earnings had increased by 500% (Rivkin, 2007, p. 1). While the strike by United Parcel Service (UPS) had an...
