Reference no: EM133023149
1. Strategic management can be defined as the art and science of formulating, implementing, and evaluate cross-functional decisions that enable an organization to achieve its goals and objectives. A strategic plan is, in essence, a firm's game plan. As the competitive world increases, profit margins have become so slim that there is little room for error in the overall strategic plan. Strategic management involves strategy formulation, strategy execution, and strategy evaluation.
You've read a number of articles this week that highlight various concepts related to the development of sustainable business strategies. Some of these articles directly challenge traditional conceptions of competitive strategy analysis, while others augment and extend the traditional "strategic fit" model.
Review the Learning Outcomes for this week, and based on those objectives and your analysis of the readings, respond to either "a" or "b" below, making direct references to several of the week's required or optional readings:
a. Compare and contrast conventional strategic planning concepts with those of strategic intent and skill-based strategic thinking. Explain how the differences in these concepts can lead to better business strategy practice.
b. Explain the relationships between business models, business strategies, and strategic intent and skill-based strategic thinking. Include an explanation of how these concepts can help avoid myopic business strategy development.
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Supply chain system of organization of choice
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Cyberbullying-who to blame and what can be done
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Preliminary assessment of consumer-product relationship
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What is the best way to manage a team
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Traditional conceptions of competitive strategy analysis
: 1. Strategic management can be defined as the art and science of formulating, implementing, and evaluate cross-functional decisions that enable an organization
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Analyzing different sources of information
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Why you selected that phase using sales report data
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What data linkage strategies will cherel use
: What data linkage strategies will CHeReL use to link the GP dataset to RBDM deaths and PBS data and Draw a diagram depicting variable exchange information
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Find optum history
: Please help me find OPTUM history, mission, product and services, environment, competitive advantage, competition and organizational background information
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