Essays on Strategic Management

Strategic management is an emerging issue in the field of management. It incorporates science into the management of the firm. It is essential in the contemporary dynamic environment of the organization. Failure to incorporate it in the management of the firm can adversely affect the firm. Globalization is rapidly affecting the environment in which businesses operate in. As such, due to the globalization, survival of the business organization is essential. This can effectively be achieved through strategic management. As such failure to incorporate strategic management in the organization will lead to a failure of the business.

Dynamism in the ...

Initiating and agreeing on a strategic planning process

For strategic management to be effective, the key decision makers have to be involved. It would be company to involve people from three organizational levels. This is the top management, middle management and the technical department of the frontline staff. The top management is involved in communications within the organization and outsiders. They are also quick to perceive where there are mismatches between the organization and the environment. They are able to see the threats and opportunities in the external environment. More importantly ...

Introduction

Globalization refers to the integration of economic activities with local and foreign companies competing in the host country. It involves the liberalization of the markets so that trade can be conducted freely. It brings in technological advancement into a country and the customer benefits greatly since the transaction costs have been reduced.

Globalization has led to the increase of multinational corporations in the world market due to the liberalization of trade policies and practices. The spread of globalization is based on the capitalist theory of free trade. With globalization there are winners and losers. The bilateral and multilateral trade agreements contribute to globalization as countries in the same region open up to one another through trade agreements on import, export taxes and tariffs.

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Question 1 Performance appraisal is a process by which the job performance of certain employees is evaluated by the corresponding supervisor or managers. The evaluation is mostly based on the basis of quantity, quality, time and cost all in relation to the concerned occupation. This strategy is very vital in its application especially in the health sector. The fact that employees know what is expected of them by the management enhances impeccability in their respective undertakings (Fallon & McConell, 2007, p 33). The ripple effect of this undertaking is that the health sector will experience better results from the workforce. ...

Analysis of Costco Wholesale Strategic Management Decisions

The strategy of Costco Wholesale is based on low price level, limited product line, as well as limited product selection, ultra-low markups, high sales volume, and rapid inventory turnover that transforms shopping experience into a treasure-hunt by constantly changing products. Due to its effective strategic model, it became the first company in the U.S. history that reached 1 billion dollar sales in less than six years (“How Costco Became”, 2005). ...

Strategic management is the set of actions and organizational decision that determine the long-run running of an organization. It involves all the four functions of management. Strategic policies provide a common vision for the whole association. The strategic management procedure is a series of steps that devices the strategic planning, execution and evaluation (Gilkey, 1999).

Executive Summary

California Pizza Kitchen (CPK) is a chain of dining restaurants which offers a wide variety of foods. However, much of its focus is on its premium pizza sector. The company has a total of 248 restaurants. Under this chain several restaurants like California Pizza Kitchen, LA Food Show, and California Pizza Kitchen ASAP are found. Its operations are widely distributed in thirty states and also in 8 countries outside the US [California Pizza Kitchen (n.d.)]. This report is an in-depth analysis of the company’s operations, using the framework specified by ...

In the past few weeks, there has been debate in the company about the role of the human resources department in the formulation of the strategic plans of the company. This report seeks to justify that the human resources of the company are key to the long term achievement of profitability and growth objectives of the organization.

The major objective of the human resources department is to ensure the effective management of the ...

Government leaders and managers of public agencies and non-profit organization face various difficult challenges (Bryson, 2004). One of these challenges is the dizzying number of events and trends that has affect the United States for the last two decades. Also there are other several problems that affect the government and non-profit organizations (Farnum, 2004). The aging and diversification of population is also another example of challenges that has a lot of impacts. Most ominously, there has been a dramatic decline in social capital in the past few decades in the USA. Citizens of the affected countries are not happy ...

Introduction

Private clubs are essential components of the society since they provide a basis for creating social bonding amongst the society members. The Private Farming Wood Swim and Tennis Club is an example of such a club. The management of such clubs should be effective in meeting the expectations of the members. This gives the implication that the Human Resource departments in such clubs are some of the most important in the management of the clubs. Strategic management is hence crucial in managing these clubs to counter human errors that are quite common in ...

Strategy for sustainable competitive advantage

Every organization’s corporate strategies are focused at developing a sustainable competitive advantage that will allow the company to continuously maintain and improve the enterprise’s competitiveness in the industry it is in. This enables the organization to stand strong despite competition or saturation of the market over a long time. An organization’s competitive advantage is said to exist if customers perceive the firm’s product or as superiors or better than that of its competitors. There are various sources of competitive advantage in organization. These sources revolve around an organization ...