Every business and organization has set goals. The distribution of resources to achieve them is referred to as strategic management. It is an area with many elements to it, such as competitor analysis and planning.
The benefits of strategic management aren’t only financial. Setting long-term and short-term goals helps create a vision of a future for the business. In other words, it is the direction in which an organization is headed. Proper and timely strategic management can help significantly improve performance and profitability.
In this article, our experts have gathered topics and essay questions on strategic management. They will help you start and finish your assignment. Under the article, you will also find strategic management essay samples written by students like yourself.
There are different reasons why strategic management is important. It’s a shame that plenty of first-time business owners neglect to address future plans and ideas. Failing to set long-term objectives leaves a company without focus. Strategic planning helps not only find direction but also compare the business against its competitors.
The world of the 21st century is fast-paced and ever-changing. A business needs to be able to survive in new environments and plan for sudden changes. Being prepared can result in an organization discovering new opportunities and give it a competitive advantage.
A business has limited resources. Thus, it needs to have a clear idea of where they’re being allocated. Wasting time and effort will result in setbacks. Effective leadership involves implementing specific policies and management practices that clearly outline the framework to be followed.
Finally, a business without a mission is a business without a drive. There has to be an underlying assumption about the focus and nature of an organization. Understanding the company’s mission allows both the owners and the employees to know where they’re headed.
9 Essay Questions on Strategic Management
Writing a strategic management essay, you may encounter or seek essay questions. Using them helps narrow down the scope of your work and focus your body paragraphs.
We came up with some ideas for you right here:
How can a business conduct competitor analysis?
Explain what competitor analysis is. Discuss competitive intelligence and competitor research. What are some of the ways this study can be conducted, such as the competitive profile matrix?
What are some of the most effective strategic management techniques for establishing future objectives for small businesses?
Mention some useful methods in the process of strategic management. For example, talk about the SWOT or the Growth-share matrix. Which tool is the most effective in establishing goals for a small business?
Are internal and external analyses similar?
Outline the main components of internal and external analyses. Compare and contrast the concepts. What are the goals of conducting these types of studies?
How does strategic control differ from other types of management control?
Define the concept of strategic control. What are some other strategic management examples? Compare and contrast them. Mention that strategic control accounts for uncertainty and doubt.
How can a business ensure a successful merger using strategic management?
Describe the meaning and the process of a merger. Note the challenges that can arise during this process. Analyze the different ways of ensuring success, such as integration strategies.
What is the difference between strategy implementation and formulation in marketing?
Elaborate on the key elements of strategy implementation and strategy formulation. Compare and contrast them. Explain how these concepts would be executed in the context of marketing.
How do global businesses conduct effective strategic cost management?
What is the process of strategic cost management? Evaluate some of the techniques global businesses might use, such as target costing. Provide real-life examples.
Why would a business want to conduct internal and external R&D?
Explain what R&D is and how it relates to strategic management. Contrast external and internal R&D. Describe the reasons why combining the two is beneficial.
What tools can a business use to ensure that its goals and objectives are being met?
Explain different types of objectives a business might set. Show some of the strategic management tools that can evaluate performance, such as the Balanced Scorecard. Which of these tools is most effective?
21 Strategic Management Assignment Topics
While using questions is effective, sometimes they can distract you from writing your best essay about strategic management. If this sounds like you, then we have something else to offer. Below, we have gathered some ideas for you to explore. Besides, you can use our very title generator – it will create a topic for you automatically!
Check these strategic management topics:
A discussion on the difference between horizontal integration and vertical integration.
How can a business achieve a competitive advantage in its niche?
The effectiveness of PEST and SWOT analyses in strategic management.
Dell – a strategic management case study of low-cost manufacturing and supply chain organization.
An analysis of the long-term benefits of sustained strategic planning.
The difference between business-level, corporate-level, and global-level strategies.
How can strategic management lead to effective conflict resolution?
The advantages and disadvantages of horizontal integration.
What role do the stakeholders play in strategy implementation?
An evaluation of the steps of the AFI Strategy Framework.
How businesses adjust when set objectives aren’t being met.
A case study of Walmart’s strategic management and vertical integration.
The factors to consider during the process of strategy formulation.
A study of the Strategic Management Journal: its impact on the universal principles in strategic planning.
What are the limitations of strategic management?
A breakdown of the strategic management process: key components.
How do businesses choose what type of vertical integration to implement?
Porter’s 5 Competitive Forces and the creation of market opportunities for new businesses.
A study of the critical assumptions of the Research-Based View.
The benefits and limitations of Ansoff’s Matrix in strategic planning.
A critical evaluation of the VRIO framework and its role in strategic management.
Thank you for reading! We hope that these ideas will further inspire you in your strategic management assignment.
Writing an academic paper is always hard work, so we wish you the best of luck. If you still seek a little more guidance, check out our strategic management paper examples below. And if you don’t have the time for that, use our online summarizer to shorten them!
Notably, the document analyzes and describes the primary facts and issues the company manages using its BSC methodology, the strategic objectives pursued using the tactic and assesses the suitability of the adopted strategy.
The strategy formulation and planning phase is executed by the needs of the consumers. The company has been producing superior smartphones and mobile devices that support the needs of more customers.
This paper is an analysis of the impacts that technology has had on businesses in the past and the impact that future technology is expected to have on businesses.
Being an Internet-based company in the world's largest Internet market, Alibaba has used technology to enhance customers' purchasing power of products from different parts of the world. For Alibaba, the expanding network of both sellers [...]
The potential for Waitrose & Partners' expansion is significant, and it is vital to evaluate the company's strategy and positioning in the current market.
Ford Company has been forced by the prevailing conditions to adopt the changes; for example the company has a website where a customer can log in and communicate directly to the company.
McDonald's also strives to unite and develop society and improve the visitors' mood through its service. This change affected the mission of the organization and its activity.
From the above analysis, ineffective marketing was identified as the main issue characterizing Emirate's internal and external environment and that has the potential to influence the company's future operations.
The Mac OS Big Sur for fostering a positive work environment that allows its staff to be happy and comfortable. Their products will be more effective in the market due to this, and customers will [...]
Improved cross-border labor flows and foreign direct investment, technological advances, and changes in the competitive domains of firms are the leading forces behind the internationalization of enterprises in the 21st century.
The focus of the strategy will be on its aerospace division The aerospace engine industry is, unique in the world of business in the sense that it is very oligopolistic.
The absence of a business strategy that would have helped the organization to become instantly recognizable and gain the trust and support of new customers is the main contributor to M&S's failure in Ireland. The [...]
Apple Inc.'s current success can be attributed to the organization's effective management and leadership abilities to quickly adapt to a highly dynamic business environment.
Lime had to reduce the number of staff and wait for the situation to stabilize. Pandemic fatigue and the return of people to the streets coincided with active Lime marketing campaigns.
Microsoft works to ensure that its products and services are constantly evolving and improving in order to meet the needs of customers. The company has developed a range of automation solutions to help customers increase [...]
While the majority of data used to analyse the success of Bulgari's use of diversification will be collected from secondary sources, primary research will be collected through an interview with the CEO of Bulgari, which [...]
The significance of the reference to the 21st century is in the company's intention to address the issues the new age brings first and foremost, the environmental situation.
The purpose of this report is to discuss the market of a biscuit company in Australia. The author of this report has selected Arnotts Ltd to examine the market of a biscuit company in Australia.
In order to interpret the results illustrated in the matrix, it is important to understand that the intersection of the horizontal and vertical lines of the EFE matrix and the IFE matrix indicate points of [...]
The competitive leading positions as well as the growth of the hospitality industry particularly in the emerging economies have also contributed to the growth of the firm.
Mission and vision though often confused as to mean the same things are different in that mission is the purpose of existence of an organization while vision is what the organization hopes to achieve. The [...]
Due to this strategy, the company understands what their customers require and creates its products according to the desire of the consumers, so the final product just waits for the client to buy it.
In the first quarter of the 2020/2021 fiscal year, the company recorded a financial performance that exceeded the projections of analysts who had predicted poor performance due to the COVID-19 pandemic.
Accordingly, this case study will endevour to assess the organisational background of Skoda Auto, from the time of its inception in the early 1890s, and how the firm has progressed over the years to become [...]
Modern world of innovative technologies preconditions a wide usage of technological intervention strategies in the sphere of organizational development. According to this view, the appliance of behavioral intervention strategies in diverse environments is a crucial [...]
The company statement plays a vital role in communicating the focus of the business to the customers. Uber company has the largest market share following the spread of its business operations in different countries.
Richard Rumelt's The Perils of Bad Strategy talks about the value of a good strategy to an organisation. He went on to share the components of a good strategy.
With the constant growth of the cancer drugs industry, Herbal has massive potential to capture a large market share due to the innovative nature of the new drug.
The objective of the organization to create a unique place with a comfortable atmosphere in order for people to enjoy the taste of perfect coffee was accomplished.
The authors also name major abilities every successful company should have: the ability to see the change, the ability to experiment, the ability to manage complex systems, and the ability to motivate people.
The main drivers surrounding the future development of change strategies and the social and environmental application of the proposals will also be explored in the current review.
Because of a communication error between Zumba business owners and Crunch gyms, the Zumba business ended up losing a lot of time and money in legal negotiations concerning the rights of the songs used in [...]
The Positioning School provides the best theoretical frameworks for analyzing this case, and the Design and Planning School offers better strategies for the company to espouse.
To achieve the goal and maximize profits, it is important to resolve such a problem as the necessity to minimize lead time and queues and receive the customer contract with the highest level of payment.
One of the central reasons for the decline and failure of Kodak was the inability to correctly evaluate the current situation and disregard of digital technology and opportunities that were associated with it.
The purpose of this paper is to discuss the three matrices and learn how this information can define possible strategies to capitalize and add value to Amazon.
However, effective strategic planning demands relevant and up-to-date information about the current state of the firm, its position on the market, the current demand for particular products, and the work of competitors.
The basic purpose of this part of the paper is the strategic evaluation of the company in terms of the competitive advantages of the company in the context of SWOT analysis.
The purpose of this paper is to conduct an external and internal environmental analysis of the BMW Group to be able to assess its strategy from different perspectives.
Table 1: EFE Matrix It is important to note that the market of Microsoft Corporation is oligopolistic by nature, and only a handful of big businesses dominate the market.
The important milestones achieved in its history include the decentralization of healthcare to 20 districts and the establishment of the national insurance agency in 2018.
The current opportunities include India and Brazil, where workforce is significantly cheaper, and where Walmart can gain the loyalty and attention of new buyers.
As a result, there is a need to implement an effective IT strategic plan, facilitated by formulating strategic outcomes that align with the overall business strategic plans, and the department's mission and vision.
I would examine the same to determine the amount of tip indicated by the customer, being keen to establish the legibility of the handwriting so as not to prejudice the employee's probable honest mistake.
So, to conduct the analysis of the threat of mobility, it is necessary to concentrate on the barriers for entering and developing and analyze the possible reactions from new competitors' sides."Barriers to entry are the [...]
This paper aims to discuss the influence of globalization, technology, strategic models, stakeholders, as well as mission and vision statements on the success of Johnson & Johnson company.
The Strategic Change Cycle is an action in strategic planning aimed at the constant development of an organization’s strategy and adaptation to new conditions.
In addition, it has cinema business with more than 180 screens across the MENA region; it generates the highest profit from the operation of the national market; at the same time, Egypt, Bahrain, and Qatar [...]
In the article, franchise is discussed as one of the attractive opportunities for beginning businesspeople since it provides a lot of highly professional guidance on starting and running a business.
To retain this position, the company must be strategic in its operations. Amazon will continue to be the largest e-commerce retailer if it remains adaptable and is able to conveniently deliver what customers expect.
The purpose of this paper is to analyse the case study, perform a detailed analysis of Tetra Pak's current position on the market, and draw up recommendations for Tetra Pak and Greatview on how their [...]
Since the introduction of biscuits in Australia, so many market players have entered the industry and the competition has been increasing tremendously.
The success of the retail stores is attributed to the company's merchant organization and incentives. NWRS's structure and the organization have scaled it to what it is today, one of the best lifestyle stores in [...]
In the current business environment, competition is a normal phenomenon in the day-to-day running of the business. Third, environmental scanning provides the company with the vital inputs in the process of development and implementation of [...]
This is the central aspect of the business, the initial analysis for the feasibility of establishing a business opportunity in the UAE had provided evidence of the existing market for training of IT courses in [...]
The main objective of the strategy was to make VWB the largest producer and seller of vehicles in South America. The target of the strategy was to develop a new relationship with the key stakeholders [...]
It provides the merits of the facility to the clinic, patient and other visitors of the department. It will also provide parking as well as waiting services for the clinic's ambulances and improve the entrance [...]
In this case, Toyota's strategy was to use the just-in-time production approach that it transferred from its Japanese facilities to other countries as the firm's strategy and structure. Related and supporting industries were the suppliers [...]
A large amount of capital will be used to rent business premises at different localities and towns suited for local and international tourists' attraction sites across the country, development of these apartments to suit the [...]
Since resources are limited, the effectiveness of the strategy is determined by the extent to which managers' strategic choices lead to the company's competitive advantage.
Next month, Starbucks will celebrate 10 years of operations in the UK, where it has transformed coffee from breakfast staple to lifestyle accessory - a process supported by its much-publicized partnership with Apple, its Starbucks [...]
Such a demographic presence of the company leads to the growing popularity of cruise travel as a vacation option, especially with regards to the company's reputation as the leading service provider in the sphere.
It is concerned with determining the quantity and timing of production in order to meet forecasted demand at the lowest cost possible and by maintaining the quality of the product at the same time.
What is the relationship of collaboration and innovation to that business strategy? The main benefit of this tool is that it involves a greater number of workers in the development of a product.
Overall, there is the need to realize that in order to manage change in a healthcare organization; one should have excellent technical, people-oriented, and organizational skills.
First, the strategy would have ensured that most of the products were acquired and delivered into the right stores, depending on the needs of the customers.
In reference to this fact, the authors, in this case, seek to bring out the various considerations needed and their impacts on decisions to outsource or make Scotts Miracle-Gro, the company which is the subject [...]
They have found that, while ADNOC Onshore has a number of powerful advantages that have enabled it to succeed in the past, such as exclusive access to the rich UAE oil and gas fields, the [...]
The advantages of the Six Forces Model are quite evident; namely, it allows grasping six main factors influencing the chances of an organization in a specific market.
The first critique of Porter's Five Forces model that came up in the group's discussion of its case was the fact that it concentrates solely on the external competitive environment.
The paper will focus on the reasons why media companies collaborate in the media sector, and discuss a strategic importance of strategic alliances in media sector.
Managing facilities for a business in such a manner that the organization is able to make optimum use of its resources for producing the services or products is now a prerequisite for taking on the [...]
Furthermore, there is a growing demand for the products, which would best contribute to physical and mental development of the child, and this is one of the reasons why P'kolino can receive competitive advantage over [...]
The rapid changes in the organization reduce the confidence of managers in meeting the future needs of the business. Participation or the presence of the human personnel in an organization is a source of uncertainty [...]
The mission of the management is to ensure production of goods and services in the suitable quantity and quality and then distributing them at the required place at the right time.
As a result, it is evident that the strategic issue of focusing on price decreases rather than establishing higher standards for product quality and similar elements has partly led to the generation of problems for [...]
The key findings are in line with the hypothesis because the decline in targeted run-ups over the period might be linked with decreased capacity of shareholders to expect M&A transactions or a drop in the [...]
However, there are risks to the effectiveness of talent acquisition, retention, and development and the sustainability of the team's success in the long term.
First, it is important to note that the company's website states that its purpose is to produce and market a product that would enable more sustainable use of the environment.
One of the products which are currently in the maturity stage of the cycle is the fast food of Burger King, and there are two main reasons for this standpoint.
According to the case, AHS's mission is to advocate for the medically unserved and ensure equality in providing and access to adequate healthcare services to everyone in the Asian community, including refugees and immigrants regardless [...]
Chandler's seminal work highlighted the significance of entrepreneurial orientation, leadership savvy, and profitability of the company, resulting in the general approach relation among businesses.
The functional departments of Wal-Mart that are most needed to facilitate the strategy are, marketing, human resource, IT, manufacturing operation and accounting.
In addition to the BSC, other strategic management frameworks can be used for global expansion, and they include the Objectives and Key Results and the PEST model.
For the people who desire to open a coffee shop, coffee is something that evokes their passion, which is why it is crucial to pour one's soul into their shop and make it unique.
Thus, the analysis will represent the review of the possible problems described in the case study, the recommendations for the company, and the analysis of the strategic approaches, which are used, and should be resorted [...]
The great idea was that the company provided its customers with the possibility of sharing the link, telling their friends and families about the deal, and encouraging them to buy it.
The given paper is devoted to the analysis of IKEA, as one of the global leaders in the sphere of ready-to-assemble furniture and its strategic decision to enter the Chinese market with the primary goal [...]
Caterpillar Inc.'s acquisition of Bucyrus International, which occurred in 2011, maybe considered the most critical one since it has contributed to Caterpillar's performance and success in achieving its goals.
As long as the group has ambitions to provide high-quality batteries for electric vehicles, it has to solve two primary problems: the promotion of battery usage and the high cost of this product.
Walmart on the other hand is one of the largest discount retail stores in the world operating 8,416 stores and clubs in 14 countries and serving 176 million customers per year to date.
More than 90% of the passengers at the Charlotte airport use American Airlines, and the average domestic fare is $407. The loss of corporate flight traffic would have a massive influence on the airport's profitability, [...]
Boston Consulting Group Matrix is a two by two matrix that was developed by the Boston consulting group to help businesses understand the different investment opportunities among its portfolio of activities with regards to growth [...]
In their article, Kaplan and Norton summarize the concept of the balanced scorecard which they introduced several years ago to address the issues of strategic development of businesses.
With the ever-increasing competition and changing business environments, proper planning and setting of achievable strategic goals have become an integral part of all organizations, as they are two of the primary determinants of an organization's [...]
The respective organizations can create long-term goals with the aid of practical ideas with the assistance of the affiliates to persuade the authorities to bring about significant improvements in the lives of the kids that [...]
It will be crucial for Sportsman to create a strategic human resource plan that will capture all the requirements necessary to assist the effective transition in competitive strategy if they want to succeed with their [...]
In my opinion, Six Sigma offers the best answer to the CI problem due to its clarity and well-developed structure. Under the Six Sigma approach, the CI process flows smoothly and logically, starting from the [...]
30, regardless of the number of items ordered, I realized that the implementation of the Economic Order Quantity model could be an effective way to reduce the ordering cost.
The company’s organizational structure changed three times. The last shift resulted in the creation of 25 small groups that concentrate on a particular sphere.
This means that the growth and development of the business can be comfortably supported by the revenues generated and can be sustained in the long term.
The application of the criteria of such world-known quality awards as the Malcolm Baldrige National Quality Award, the European Quality Award, the Deming Application Prize and others for assessing the total quality of the companies' [...]
Pages: 4
Words: 1124
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