Description
Choose an organization according to the following:
- Current employer
- Most recent or former employer
- Place of business that you have patronized or have been familiar with over a long period of time.
- Avoid choosing an organization that is so large that historical data would be difficult to apply. Firms in the Russell 2000® index may fit well, whereas firms in the Dow 30 Industrial index probably do not.
- The organization can be a start-up that you or a significant other may create in the future. For a start-up, focus on an entrepreneurial idea that is of substantive interest, so this project leaves you with a product you may leverage in the future.
Write a 1,050-word paper in which you address the following:
- Identify the major components of the strategic management process.
- Discuss how these components work together to create value for the organization.
- Evaluate the company's mission statement, vision statement, motivation strategy, innovation strategy, and people strategy. If the organization does not have one or more of these, how does that affect the organization and its people?
- Explain the role of ethics and corporate social responsibility in strategic planning. How does this direct their strategy? How does the organization's vision and mission align with your own values and vision? If you are currently working for the organization, how does your role influence this and vice versa?
Format your paper according to APA guidelines.
Explanation & Answer
See attached:)
Running Head: STRATEGIC MANAGEMENT PROCESS
Strategic Management process
Student’s Name
Institution Affiliation
Date
1
STRATEGIC MANAGEMENT PROCESS
2
Nike is a global business enterprise that is involved in the design, development,
manufacturing as well as marketing and sales of accessories, apparel, footwear, and offering a
wide range of services in various parts of the world. It has been a successful company for a while
now, and it is headquartered in Beaverton, Oregon, USA. The company is believed to be the
world’s leading supplier of apparel and athletic shoes as well. The organization also boasts of
being the major producer of sporting goods. The huge success is in a big way contributed by the
organization’s adoption of great management strategies in their operation, and this includes the
implementation of corporate social responsibility and good business ethics (Christensen et al,
2014). Ethics offer basic standard rules and procedures that a given company should adhere to in
order to gain acceptance from the society or the environment it is operating in.
Recent research indicates that for a business to be successful, there has to be a robust and
well-designed management plan that enables the company not to miss out on new opportunities
and steer its growth thereby achieving the company’s set objectives. The strategic or
management plan outlines explicitly the activities the company will undertake to address the
challenges they face in the process of achieving its goals. The plan clearly shows the logical
step...
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