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Term Paper Topics on Strategic Management | Management

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❶The company is stating what it does, what its vision of its market is, and how it seeks to deliver value to its customers. Strategic Management in Business Development The term "strategic planning" is generally used in the narrow sense, namely the application of management tools to address areas such as, profitability, efficiency, growth and competitive advantage.

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Strategic Management at Hewlett Packard
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Essay title: Strategic Management

The change model that I chose is the Satir Change Model which was developed by Virginia Satir a therapist who developed a model trying to map out the manner in which individuals experience change. The Late Status Quo stage is the familiar state of affairs where individuals are usually well within their comfort zone. This stage is characterized by familiarity, comfort, established patterns, relationships and routines. The stable environment gives individuals a sense of belonging and identity.

Individuals know what to expect, how to react, and how to behave. The catalyst for change is the introduction of a foreign element.

A foreign element can be any factor that significantly impacts the status quo. Once the foreign element is encountered it invokes a response, since it threatens the stability of the familiar, well established environment. The most common reaction to the introduction of the foreign element is resistance. Most individuals resist by denying its validity, avoiding the issue, or blaming others for the introduction of the foreign element.

As the foreign element disturbs the equilibrium in the environment various manifestations of chaos set us such as:. This results in a loss of belonging and questioning of identity which triggers anxiousness and vulnerability. Managers of groups experiencing chaos should anticipate a reduction in group performance during this stage.

Until the individuals accept the foreign element, members form fickle relationships. All members in this stage need help focusing on their feelings, acknowledging their fear, and using their support systems.

Management needs special help avoiding any attempt to circumvent this stage with quick fixes since the chaos stage is vital to the transformation process. The members discover a transforming idea that illustrates to them how the foreign element can benefit them. This results in the emergence of new relationships that offer the opportunity for identity and belonging and as a result performance improves rapidly.

However individuals in this stage need a significant amount of support since frustration at a lack of short term success could diminish their enthusiasm resulting in a breakdown of the newly established relationships. Once the environment has been analyzed, it is necessary to implement functional tactics that will help the firm gain a competitive advantage in the market.

These tactics are specific projects will make measurable progress towards strategic goals, such as advertising campaigns, staff restructuring, etc. Finally, it is necessary for managers to monitor the outcome of functional tactics and adapt to unexpected outcomes.

Managers must be able to think on their feet and change functional tactics as necessary. Rather than seek ambitious growth figures, as many Silicon Valley companies do, HP is entering a phase of staff reduction and cost cutting. Managers at all levels of the company must use strategic management to achieve the goal of becoming a more lean organization.

This means department leaders will need to find ways to utilize resources more efficiently and avoid projects that present high levels of risk. Meg Whitman has taken a conservative approach to achieving these goals and has created a 5-year timetable before the company reaches its specific performance targets Kelleher In conclusion, strategic management can be separated in several distinct steps that include the organizational mission, environmental analysis, functional tactics, and control.

This process is crucial for companies because it allows large firms to collaborate in a highly dynamic fashion.

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Strategic Management Process Paper Tiffany Fraser 11/10/14 MGT/ Dr. Judy Blando The strategic management process is a necessary process needed for any successful business organization. Guiding the business through decisions made by management is imperative that those decisions are made in a strategic manner to achieve the best possible outcome for the business.

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Strategic Management Plan Sample Paper. Introduction An organization requires a mission, a focus that will guide its operations, and a plan to accomplish the mission. Together, the plan and the mission are known as the strategy of the firm.

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- Strategic management and decision making Strategic management is a disciplined effort or control to make necessary decisions that have an effect on a business or an organization; the aim of strategic management is mainly to develop new, innovative or diverse ideas and opportunities for potential or development, and facilitates or assists an organization to achieve its goals (SM, ). Strategic Management Paper. Strategic Management Process Paper MGT/ Strategic Management In our today’s business environment, strategy is a very important factor and in order to manage it well a strategic management process is needed and used by many organizations especially large ones.

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Strategic Management Process Paper Strategic Management Process Paper Strategic Management Process Paper PRIMARY COMPONENTS According to Wheelen and Hunger (), “Strategic management is a set of managerial decisions and actions that determines the long run performance of a corporation. How to Write a Research Paper on Strategic Management. This page is designed to show you how to write a research project on the topic you see to the left. Use our sample or order a custom written research paper from Paper Masters.