Strategic management implies goal-setting and planning to make a business more competitive and successful. The process consists of 3 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) analysis. 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.
Executive Summary Samsung Next is an outstanding electronics company offering consumers a wide range of entertainment products and services globally. It aims at creating a world-class digital experience by designing and producing innovative electronic devices. The company assumes a business ideology that assimilates talent into technology to create up-to-the-minute products....
Executive Summary Before expanding to global markets, managers should plan carefully by conducting background research on the country of entry by using the PESTEL tool. After analysing these factors, a firm should segment and target the potential market before positioning itself strategically to create value and gain competitive advantage. Bates...
Company Synopsis Chick-Fil-A is a chain of fast food restaurants in the United States that specializes in producing chicken sandwiches, chicken nuggets, and other chicken dishes. The restaurant named Chick-Fil-A was opened in 1967, but the company was founded by S. Truett Cathy under another name in 1946. The company’s...
Abstract Companies operating in the manufacturing industry need to consider various strategies to maximize production while reducing potential defects. This discussion presents four case studies that organizational leaders can consider to make their businesses more successful. The first part describes how AutoNation can implement an effective product development process for...
Overview The General Authority of Civil Aviation of Saudi Arabia (GACA, Arabic: الهيئة العامة للطيران المدني) is an organization that regulates air transport services and enforces civil air regulations, air safety, and airworthiness standards. The General Authority of Civil Aviation (GACA) coordinates all regulatory functions by the International Civil...
Strengths The process of career development implies considering one’s advantages and the benefits that they may bring to potential employers. Strengths are associated with the internal capabilities of an individual that would contribute to the increased productivity (Osita, Onyebuchi and Nzekwe, 2014). These are usually the skills, abilities, and qualifications,...
Executive Summary This paper provides a thorough strategic analysis of the United Parcel Service (UPS), including a discussion of its mission and objectives, as well as the conduction of internal and external audits. Based on this analysis, it formulates a management strategy, proposes a detailed action plan for its implementation,...
The conducted simulation tests the performance of Wonder Co. and its products: W1, W2, W3. The decisions are made through the 2013-2016 period to identify the best optimal tactics in reaching market saturation with the highest possible sales and revenue performance. In this instance, the previous decisions made by the...
Introduction Determining the strategic management framework for the appropriate managerial levels within an organization is a vital step in meeting its needs and ensuring that it is run appropriately. Given the strict hierarchy within and across the specified levels, the company must function as a single mechanism, yet each of...
Operations Plan Key Aspects of Operations: equipment, labor force utilization, facilities, sourcing. The production of the drink on-site will require a purchase of specialized equipment such as fruit juicers in substantial quantities so that every stand can have a set, incurring a portion of the cost at $25,000. Employees will...
Project Outline In the increasingly globalized world, the composition of society becomes highly diversified. Workforce emerges from various ethnic groups, countries, and localities. In the U.S. as one of the most ethnically diverse countries, this issue is of particular importance. Despite the fact that media, politicians, rights defenders, international organizations,...
Introduction The organization named SARHS is expected to deploy organizational change within the next two years. This multi-national enterprise provides high-quality products to its many customers across Europe, headquartered in Switzerland. The company’s 24/7 initiatives require numerous employees to cover every competitive edge offered by SARHS, with a specific focus...
Internal Environment Analysis Human Resources Personnel is treated by the company in a caring and friendly way. The general performance of the company should be enhanced due to the employees-management cordial relationship. Still, there are specific issues with the HR policy: rumors and dropping morale within the company; hence, no...
Introduction The timely addressing of potential threats is a mandatory aspect of the activities of airports. The inability to respond to risks and unwillingness to take advantage of opportunities available to optimize the work process impedes the development of these facilities and creates obstacles for the competent fulfillment of goals....
Introduction Achieving and maintaining excellent performance is crucial for companies to succeed in modern times. By improving performance, companies can achieve higher profitability, market share, and competitiveness. Therefore, business management research has focused heavily on performance management over the past decades. Specifically, there have been many research studies that focused...
Introduction Global industries are becoming more competitive as technologies and economies evolve. Modern markets demand companies’ willingness to implement managerial philosophies focusing on customer satisfaction in particular. The expansion of a business often means its subsequent disregard of the product’s quality. Consumers value quality over quantity, so companies must hold...
Introduction The history of the Ministry of Culture of Saudi Arabia can be traced back to more than five decades ago. The year 1962 was marked by the foundation of the Ministry of Information that was put in charge of information and media. Fast forward to 2003, the institution was...
Introduction Tesla Inc., traded on the NASDAQ New York Exchange as TSLA, was founded in 2003 and specializes in the development and production of electric vehicles as well as some energy products such as solar panels and batteries. It came into prominence in the late 2000s with the release of...
Introduction Business strategy is the pathway designed by an organisation or a company to accomplish its set objectives. The purpose of a strategy is to ensure that there is proper management of the company’s resources while making the products for sale. Also, it directs the process of business plan execution...
Introduction Every day, there are more and more new companies all over the world. Their success directly depends on the number of completed orders, sales, or purchases. Demand creates supply and a certain rivalry, which, in turn, expands the range of products and significantly improves its quality. To be always...
Variables Hypothesis Support References Page # Paragraph # Proactiveness and innovativeness Proactiveness spurs the employees’ innovative thinking, and, therefore, affects the company’s imitativeness. Despite the fact that innovativeness involves a lot of risk taking, it is considered the key towards building a successful company, and being proactive is extremely important...
Introduction Apple Inc. is a multinational company with its stocks listed in the New York Stock Exchange. The symbol of Apple Inc. stock prices is AAPL, and it suspends an approximate amount of $145 billion in cash and investment. However, two-thirds of the amount represents investments in foreign countries. Apple...
In the current business world, firms are competing to establish unique and distinctive capabilities to achieve a sustainable competitive advantage in their marketplace. In international and domestic markets, competition is entering into a new phase where performance and product quality are more important to the customer than price, and hence...
Introduction Air Australia serves both domestic and international leisure destinations. International destinations are such as Honolulu, Phuket and Bali whilst, domestic destinations consist of Derby, Melbourne, Port Hedland, Perth and Brisbane. Air Australia continues to face numerous challenges in its operation. An excellent illustration here is the budget airline which...
South Africa’s construction sector has been developing at a rapid rate in the year 2011. This is attributable to the upcoming new infrastructure and housing units. Porter advanced five forces, which will help us analyze and evaluate these construction sector firms (Hough, 2006). The forces that nurture rivalry between firms...
Introduction BACHI Barcelona is an up-and-coming business that has excellent opportunities for succeeding in case if an appropriate strategy is put in place. Strategic management is an essential aspect of business planning as it implies the formulation and implementation of the goals and initiatives involved in the strategies to support...
Caterpillar Inc.’s Vision Caterpillar Inc. is a large US-based company designing, manufacturing, marketing, and selling heavy equipment mainly for construction and mining industries. Caterpillar’s vision reflects the company’s goals and aspirations, as well as its difference from competitors, that is, its orientation toward providing environmentally sustainable solutions. Yet, the company’s...
Background of the Study Innovation in the business world is currently perceived as the primary approach that is used by organisations to remain competitive. Innovation can be viewed in different forms, including the use of innovative tools and technologies, the adoption of innovative strategies, and the adjustment of innovation to...
Introduction Businesses encounter a wide range of problems or obstacles that require timely and evidence-based solutions to transform the situation. Some of these impediments might be simple, complex or intractable depending on the causal factors and outcomes. Some of the intractable challenges can threaten the future performance and success of...
Mission and vision are two interrelated concepts that drove organizations to favorable changes. They dictate which strategies and approaches should be implemented in order to achieve desired goals. In Gems World Academy (GWA), these goals include encouraging learners to aspire to become responsible leaders. A multifaceted approach to education is...
Introduction The following is an essay on strategic planning of Hope for New Life, which is a non-profit making organization (Dubost, 2010). “Strategic planning is a systematic process of envisioning a desired future and translating this vision into broadly desired goals or objectives and a sequence of steps to achieve...
Introduction This paper discusses different themes that appear in different specific readings and study notes for the four weeks. The paper further analyzes and criticizes the themes; it also synthesizes what I have learned with respect to the themes. The end of this paper provides a conclusion. The Major Themes...
Introduction Strategic management has been one of the most effective tools of strengthening the performance of organizations, decision making and implementation of processes. Although the concept has been common in the private sector, it has continued to gain widespread use in the public sector (Smith, 7). Since 1980s, the public...
Introduction One should be aware that a segment analysis is a critical step in understanding customers and competitors as well as identifying opportunities. The selected target group are Australian empty nesters, who are middle to old-age individuals whose children grew up and left their homes. It is important to note...
In theory and practice, strategic management is a process, which provides organisational managers with the ability to formulate, implement, and evaluate strategic processes, which are required to effectively pursue and achieve organisational goals (Deming 22). Researchers have established that managers use the management process to discriminate between different strategies and...
The Coronavirus disease of 2019 (COVID-2019) has affected businesses adversely with most people choosing to work from home. With the widespread lockdown of economic activities, most companies, especially small and medium enterprises (SMEs), are struggling to stay afloat. E-commerce businesses have not been spared, and they are contending with reduced...
Introduction Nowadays, millions of people are involved in discussions about business opportunities, effective entrepreneurship, and employment challenges. In the majority of cases, the theme of the coronavirus crisis and its impact on business relationships and services is raised. Many organizations have to solve current problems like price changes, unstable supply...
Introduction There are a number of different ways for a crisis and change to interrelate. In some situations, a crisis occurs prior to change. In others, it takes place in the aftermath of the latter. It is also possible for a crisis to develop alongside the actual process of organizational...
Introduction Strategic human resource management is a phrase composed of two major terminologies namely; human resource management, and strategic management. According to (Purcell, 2001), strategic management refers to a set of managerial decisions or actions determining the long-run performance of any given organization. While human resource management refers to the...
Introduction In business, strategic management can be generally described as the process of designing a long-term business plan that is aims at realizing organizational goals, sustaining organizational efficacy and producing a work plan that streamlines the operations of the business over a particular (Hedstrom et al., 1998, pp.5-19). In the...
Current Situation Current Performance In 2019, Netflix demonstrated successful performance in its business industry. The company’s total assets are estimated at $33,975,712, while the market shares reached $437,799 (basic) and 451765 (diluted). As a result of its investment activity, Netflix received $387,064 of cash.1 Netflix’s performance has been effective in...
Organizational Change Business administrators have become very interested in such processes as organizational change as they try to understand the factors that affect the transformation of a company. These administrators have come to realize that change is a force that cannot be ignored. For this reason, it has become necessary...
Introduction The responsibility of managers is to take good care of the assets of owners and ensures employees do their best to achieve maximum performance and high profits. However, not all businesses can achieve success quickly because of the challenges in the internal or external environments. The internal environment refers...
Introduction Walt Disney is an iconic American Company renown for its world-class theme parks, movies, and TV shows. The company is divided into four business units. The four strategic business units generated over $45 billion in revenue in 2013. In this study, we focus on Walt Disney Theme Parks and...
Introduction Western Australia (WA) Public Private Partnership (PPP) is a project that aims at building four new primary schools and four new middle schools in the period from 2017 to 2023. A program of such a high level is expected to have a highly efficient governance system in place in...
Introduction The Porter Diamond model is one of the most popular models used for evaluating competitive advantage. First introduced around 30 years ago, it has become a foundation for further research, a source for reinterpretations, and a starting point for transformations and improvements for economic competition scholarship and practice. The...
Strategic leaders are those who take part in strategic decision-making, including all executive and non-executive directors and those people who are involved in strategic planning but are not necessarily sitting on the board. In other words, strategic leaders are all the people in a company who has overall responsibility for...
The modern business environment is really severe. Companies from the whole world feel the consequences of the global financial crisis. Among these consequences the following ones may be pointed out: volatility of the financial system, more complicated access to financial resources, falling demand for products and services, financial losses of...
Introduction The mission statement is a crucial aspect of the strategic management of any organization (Taiwo, Lawal, & Agwu, 2016). It is equally important to share the statement with both the employees and the customers to give an understanding of what the company strives to achieve. As David, David and...
Introduction Literature shows that in the recent past non-profit organizations have been scrutinized by the public. To that effect scholars, such as Florence Green, conducted researches and have come up with ten guiding principles that non-profit organizations should adopt in the current century. This paper critically analyzes each of the...
Introduction Saatchi & Saatchi is an international creative organization with its headquarter in New York City. It was started in 1970 by two brothers, Charles Saatchi and Maurice Saatchi. It deals with offering a range of communication services to its customers. Some of the services offered by Saatchi & Saatchi...
Introduction Recently, world organisations have experienced rapid changes in varied spheres of business activities. Managers encounter intricate and challenging pressures and opportunities. The situation has led to a demand for more holistic approaches to business management that create a favourable environment for business activities. The pervasiveness of dynamic technology, market...
Introduction Creating a new venture has always been a very risky endeavor that entails multiple positive consequences for a business. Therefore, it is imperative to develop a coherent and competent approach toward human resource management (HRM) so that staff members could develop loyalty toward the company and engagement with its...
Summary The main goal of the company is to obtain a consistently high return on invested capital. For the profitability of investments to be higher than that of competitors, the competitive advantage over them must be sustainable. In other words, the quality of goods and services provided to consumers should...
Introduction Certain firms use strategic competitiveness in management to help them realize their organizational goals amidst competitions. Firms can attain these goals if they implement strategies that give them a strategic advantage over other firms and at the same time, allow them to amass wealth if implemented. Therefore, any strategic...
Introduction Creativity and innovation are the most important aspects of any business of today. Intellectual capital is the main driving force behind any long-lasting development or productivity growth. The main purpose of any leader is to facilitate the output of the full potential of his subordinates, especially in such a...
One of the strategic options available to BAE is to engage senior executives in back-office functions. It would help the team transform the existing operations and take a different approach to human resource management and accounting. The key challenge when picking this option is the lack of instant and simultaneous...
Introduction This essay reports on Dell Inc strategic analysis. It addresses Dell Inc internal strategic analysis through internal Dell Inc business environment that would be delivered through use of SWOT analysis and external business environment that will be conducted through use of PEST analysis. The essay looks into Dell Inc...
Introduction International strategic management is a driving force behind numerous companies extending their influence and business-making. While it might seem straightforward from the first glance, a strategy is a sophisticated discipline that experiences ongoing improvements in the ever-changing globalized world. For a business to transition to successfully selling goods or...
KPMG is a for-profit organization that works on helping other companies mitigate their risks and seek new opportunities in the market. It provides services to a broad range of clients, ranging from governments to non-profit organizations. The company is committed to reaching high quality in its services as well as...
Introduction The manufacturing of electronic appliances is becoming a booming investment in developing and developed nations because of the need to embrace modern lifestyles. In addition, modernization has forced people to seek cheaper and faster ways of doing things to ensure they have time for other activities. This has necessitated...
Executive Summary Introduction There is extensive growth in the health, fitness, and wellness industry, coupled with the resurgence of the mid-market fitness club and gym market. A widespread health renaissance further exacerbates this situation as people gradually understand the dangers of sedentary living, as well as extensive public health campaigns...
Introduction In this paper, it is argued that there is a strong relationship between business and Corporate Social Responsibility (CSR). Underpinning this statement is the intrinsic relationship between business and society, which is an overriding theme in this report. In this regard, CSR is described as an inherent part of...
Introduction As part of the sustainable development goals (SDGs) of 2015, which seek to protect the planet, end poverty, and ensure peace, organisations are expected to incorporate sustainability in their operations. Specifically, companies engage in activities that affect the environment in different ways, thus they should focus adopting sustainable practices...
Introduction Fitness is a very effective way of reducing waste products and utilizing the excess energy stored in the body. Lazy people who do not exercise are more prone to medical conditions such as obesity and the likes. The unutilized fat in the body is stored underneath the skin and...
Macro analysis According to Kotler as quoted in Jain, Trehan & Trehan ( 2005, p.10)macro environment includes forces that create opportunities and pose threat to the business units. It includes economic, demographic, natural, technological, political, and cultural environments. In this assignment, we look at these factors regarding Qantas an Australian...
Introduction It is enough to look around to see how much the world has changed in recent decades. What was relevant at the end of the twentieth century is not being used by modern humans because of the existence of more convenient, cheaper, and functional analogs. Today, there are, in...
Introduction Value chains, the Cisco, the network and technical support providers, are one of the most important players in the value chain. The revenue that fuels the value chain is derived from payments that the Cisco receives for implementation of the network and technical support providers. In the traditional network...
Internal Analysis of Almarai Company Internal Strengths and Weaknesses The strengths and weaknesses of any business refer to the internal environmental indicators of a company. Almarai is a Saudi dairy farming company, which was created in the year 1971 to change domestic dairy farming to meet the needs of the...
Executive Summary The Norwegian Cruise Lines is one of the major players in the market. The company offers a wide range of services for the customers of all categories. It primarily focuses on differentiation, refining their cruise plans, and entertainment offered onboard to create the best customer experience. The revenue...
Introduction Strategic management involves a continuous process that includes setting targets, implementing them, evaluating them, and making changes where necessary. “As performance results or outcomes are realized at any level of the organization, organizational members assess the implications and adjust the strategies as needed” (Lamb, 2000). In today’s constantly changing...
In Abu Dhabi, establishment of transportation department was having a single objective of unified governance of all transportation aspect in a single authority house. All of the transportation channels and medium like air transport, ports and land transportation, maritime and public transport – aimed to be controlled by a single...
Introduction Background The considerations for Information Technology (IT) investments in an organization can be seen twofold. On the one hand, there are statistics that are not optimistic on evaluating the decision to invest in information technology. Such statistics might include the overwhelming expenditures in IT, where example in 2002 only...
Introduction Across the UK, no seller of authentic Japanese cheese tarts exists. BAKE Cheese Tart is the most trusted producer of authentic Japanese cheese tarts, but it has no operations in the UK or any other location in Europe. Therefore, Japanese cheese tart lovers in the UK (and Europe at...
Introduction In every single organisation, the marketing of its products require organising, implementing, and controlling the business theories and practices in order to handle and develop its current market position. The market positions, today, are changing frequently making it uncertain in every moment; that is why; every organisation must take...
Approaches Used Kraft Foods Group has realized that the environment in Britain is quite different from its home environment. This is worsened by the fact that the local society did not approve of the acquisition. As a result of this, Kraft Foods was starting on a very challenging note. The...
Introduction The success or failure of any organization could be linked to how effectively and efficiently the organization coordinates its human resource and other resources. As such, management, which includes key features such as planning, organizing, staffing, leading, and controlling, is a vital aspect of running businesses. It is imperative...
Introduction Background to the study The high rate of globalization has led into a shift within the business environment. One of these changes is evident in the high rate of competition among firms in different economic sectors. In order to survive into the long term as going concern entity, individual...
Executive Summary The current report touches upon the topic of supply chain management adjustment to the renewed needs of a corporation formed after two companies unite through a business takeover. The major company in this case needs to carry out considerable business activities including strategic planning, competition analysis, SWOT, PESTLE,...
Information Technology in the Digital Economy: Business in the Digital Economy Information Technology has thoroughly revolutionized the business process. Many multinational giants are changing their business tactics like Siemens. Fierce global competitions made companies reduce costs and increase productivity, and e-business is a good solution of this problem. E-commerce mainly...
Overview National economies are dependent on education. Statistics reveal that nations with highly educated populations often experience increased economic stability though with a few exceptions. Business schools shape the careers of individuals by equipping them with necessary management tools. The need for education is therefore fundamental to meet the needs...
Introduction The flow of goods and services of a given organization is a very important process in the running of its operations. Although many organizations recognize the significant role played by the supply and distribution chains in business, not many of them have effectively implemented or executed a well-elaborated and...
Introduction There have been issues in getting a conclusive definition for Strategic management; experts all over the world have different ways of viewing the issue of strategic management hence the derivation of different definition for it. According to Tyndall, Cameron, and Taggart in their book “Strategic planning and management guidelines...
Introduction The elementary principle for this assignment is basically to evaluate how the corporations are faced with the warehouse constraint and how they play the role of postponement. Postponement is usually in business referred to as pushing a pressing matter to a later date, usually, this happens due to a...
Executive Summary Software development is regarded as one of the most stable business environments, nevertheless, there are some aspects, which may create difficulties for the arrangement of proper Supply Chain Management strategy. The paper will be focused on the key challenges of the SCM, and analysis of the environmental and...
Introduction As we enter the fourth era of information technology, several proposals have been outlined in relation to using information as agent of integration as well as a tool to support key competencies and distinctive capabilities of a firm or organization. In the past, the main focus has been on...
Introduction The success of strategy formulation is dependent on a myriad of factors. The multiplicity of these factors makes strategy formulation a relatively challenging exercise especially in cases where an organization does not have resources that give it a competitive edge. Due to these problems, theorists came up with numerous...
Introduction Investors have the task of enhancing investment value on a sustainable basis. Important to long-term performance are growth portfolio and profitability. As operations continue generation of funds through accrued profits and increased capability of raising more capital from shareholders, investors and lending institutions require careful management to increase stakeholder...
Introduction Benchmarking has increasingly been utilized over the past century as a way through which organizations analyze its performance by comparing against other firms in the same industry. For example, a firm’s management team may decide to analyze the firm’s market performance by comparing its performance with another firm over...
Introduction According to the book by Barnes (2002), Strategic planning refers to the process in which a company, individual person or an organization identifies the point in which it wishes to reach at a specific future date as well as the means to get there. Further, Roger (1988) argues that,...
The word Strategic is an adjective derived from the word Strategy. The word strategy refers to a plan or actions based on the plan with the aim of achieving a particular goal or goals. A business strategy refers to how the business plans to achieve its long-term objectives. Johnson and...
Executive Summary Gulf Falcon Air-conditioning Systems Fixing (G.F.A.S.F.) is a small company, which specializes in package system split & Sheller systems. G.F.A.S.F Started as a small company in 2006 with its offices situated in Dubai. G.F.A.S.F has the capability to implement its strategies and also conduct a careful market analysis...
Executive Summary Change management is a word that may appear to be a cliché and straightforward act, process, of instances of transforming or being transformed.. To them, change management relates to the composition outward form, and they further suggest that for a successful large-scale transformation, there is need for integration...