Posted on

Strategic Business Management

$10.00

Strategic Business Management

Word count 2862

Description

Task 1

  1. Critically analyze the terms strategic position, strategic choice, and strategy in action. How does analyzing the organization’s internal and external environments help determining the said three concepts? [20 marks]
  2. How do strategic capabilities and competitive advantage(s) contribute to achieve sustainable growth? [20 marks]

Task 2

Provide a critical review of the following two statements:

  1. “Mission of the organization should unify the corporate level, business level, and operational level strategies of an organization. However, there are external and internal reasons which often create contradictions among the three levels of strategies during the strategy in action” [10 marks]
  2. “Resistance to change is natural. Organizations often fail in implementing change management programs due to, among other reasons, internal resistance. The key to achieve success in change management programs is to address the human issues and the cultural landscape within the organization.” [10 marks]

Task 3

The strategic purpose of an organization consists of its governing structure, stakeholder expectations, social responsibility and ethics.

  1. What are the crucial environmental factors you have to consider in designing the governing structure of the organization? [10 marks]
  2. Managers often consider social responsibility and ethics as a cost and tend to place less emphasis on them. This is an unproductive attitude but the managers who have a long-term view of the organization consider ethics and social responsibility as instruments of sustainable growth.” Critically review the above statement. [10 marks]

Task 4

  1. Critically evaluate how prudent organizational leadership address the two issues: (i) Passive culture, and (ii) negative attitudes towards team work? [10 marks]
  2. Globalization often promotes foreign investment, acquisitions and mergers. What are the issues that would crop up when two companies in differing cultures move into acquisition or merger? How would you resolve these issues? [10 marks]

Additional information

Table of Contents

Task 01
a) How the organization’s internal and external environments help determining strategic position, strategic choice and strategy in action.
Strategic position
Strategic choice
Strategy in action
b) How strategic capabilities and competitive advantage(s) contribute to achieve sustainable growth.

Task 02
a) Mission of the organization should unite the three level of strategies of an organization and internal and external reasons which create contradictions among the three levels of strategies during the strategy in action phase.
b) Internal resistance for change management and achieving success of change management by addressing the human issues and the cultural landscape within the organization.

Task 03
a) The crucial environmental factors should be considered in designing the governing structure of the organization.
b) Ethics and social responsibility as instruments of sustainable growth.

Task 04
a) How organizational leadership address the passive culture and negative attitude towards team work.
b) Cultural issues in merger and acquisition and how resolve the issues

Preview

Task 01

a) How the organization’s internal and external environments help determining strategic position, strategic choice and strategy in action.

Strategic position
Strategic position can be defined as how an organization establishes itself in the market compared to competitors to offer benefits to targeted customer segments (Diasz, 2017). Porter (1980), developed generic strategies based on basic strategic positions that a company can be fitted to gain competitive advantage.

Many different academics emphasizes that strategic position of the organization need to be determined based on the internal and external environment of the organization. Internal environment of the company refers elements such as objective culture, structure, business processes, human resource, finance, technology etc. External environment consists of micro environment based on suppliers, customers, competitors, new entrants, substitutes and macro environment which means political, economic, social, technological, ecological and legal environment (Johnson & Scholes, 2005).
According to Johnson & Scholes (2005), strategic position is developed based on the impact of strategy of the external environment and internal environment which includes internal resources and competences and influence and expectations of stakeholders. According to Grant (2004), strategic position id developed based on four aspects, which are the external environment, strategic capabilities in terms of its resources and competencies, ethics and culture and impact of stakeholders. Regarding these aspects, strategic capabilities, ethics and cultures are fallen in to internal environment. Impact of stakeholders is relevant to both internal and external environment. Further, according to Diasz (2017), strategic position of the company is determined based on situational analysis which is conducted to assess how internal and external environment affect the organization by understanding organization’s strategic capabilities, purpose of the organization, stakeholder expectations and evaluating external environment to identify critical success factors. Thus, it is proved that strategic position is determined help of internal and external environment.