Management Policy and Strategy

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This assignment is a written Essay in 500 word, APA format. I inserted the assignment and Rubrics

Unit 1 Discussion Subscribe Discussion Topic: Strategy Research Throughout your personal, professional, and academic life, you have been exposed to the concept of strategy in many ways. From career growth to personal finance and business planning, the concept of strategy can be confusing, vague, and seemingly impossible to master. In this exercise, you will conceptualize the meaning of strategy by explaining how it’s used in a management capacity, and what is to be gained in its application from a real world perspective. To develop, actualize and communicate a deep understanding for the meaning of strategy, execute the requirements below in a 500 word (minimum) essay, due no later than the last day in Unit 1. • Explore the library video resources. Watch a minimum of five videos to develop perspective on the subject of strategy and its importance to business. • Develop a thesis statement to conceptualize the purpose of strategy in business, explain why and how leaders and/or managers use it to gain competitive advantage. • Analyze and explain the process for formulating business strategy. • Critically evaluate the purpose of the organizational vision, mission, purpose, philosophy, and goals of a business. • Analyze and explain how the management strategy hierarchy leads to competitive advantage. • As a result of business strategy, explain the pro’s and con’s of cost and differentiation types of competitive advantage. • Use examples to relate theories, principles, and concepts to real world application of strategy in business and industry. • Use a minimum of three peer-reviewed, scholarly research resources to substantiate your critical thinking, and to provide viable reasoning for your perspectives. • Use expository writing style and apply proper APA style referencing format.
MT460: Unit 1 Discussion Unit 1 Discussion Grading Rubric Assignment Criteria Developed a thesis statement to conceptualize the purpose of strategy in business, explain why and how leaders and/or managers use it to gain competitive advantage. Analyzed and explained the process for formulating business strategy. Critically evaluated the purpose of the organizational vision, mission, purpose, philosophy, and goals of a business. Analyzed and explained how the management strategy hierarchy leads to competitive advantage. As a result of business strategy, explained the pro’s and con’s of cost and differentiation types of competitive advantage. Use examples to relate theories, principles, and concepts to real world application of strategy in business and industry. Used a minimum of three peer-reviewed, scholarly research resources to substantiate your critical thinking, and to provide viable reasoning for your perspectives. Provided unique perspective using no more than one direct quote from research resources. Effectively synthesized research by paraphrasing. Made two substantial response posts. Points Possible 3 3 3 3 3 3 3 2 2 Clarity / Organization (50%) You are expected to meet the following requirements with ease in a 400 level course. Penalties will be calculated as a percentage up to 50% of the grade and will apply if the following criteria are not met. Used 500 Words Minimum. - Applied expository writing style. - Applied proper APA style referencing format. - No spelling and grammatical mistakes. - Appropriate language. - Possible Earned Comments Professional use of abbreviations and acronyms. - Professionalism / Netiquette (100%) You are required to be professional. A grade of zero will be issued if issues arise. Respect and consideration toward peers/instructors. - Late Penalty (-20%) Total 25

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Kishnewt2017
School: Duke University

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Running head: MANAGEMENT POLICY AND STRATEGY

MT460 Management Policy and Strategy
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MANAGEMENT POLICY AND STRATEGY

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Meaning of strategy
In business terms, a strategy refers to a course of action, a set of decisions, or a master
plan used by an entrepreneur to achieve a desired goal. It is also a set of approaches used to
secure a competitive position in the market, to impress key stakeholders, and most importantly to
achieve objectives. While the mission and vision statements define what the organization wants
to achieve, strategies are what really get things moving and ensure that the missions and visions
are realized. Business strategies are important because they help the business redefine objectives,
identify key resources, and establish action programs that ensure objectives are met. Leaders and
managers use strategies to communicate intent and organize both human and physical resources
to ensure that objectives are met. Strategies also help managers and leaders organize activities
and processes according to ...

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Anonymous
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