MGT401 Saudi Electronic Strategic Management & Social Responsibility Discussion

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gnvzn77

Business Finance

MGT401

Saudi electronic university

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  • Avoid plagiarism, the work should be in your own words, copying from students or other resources without proper referencing will result in ZERO marks. No exceptions.
  • No pictures containing text will be accepted and will be considered plagiarism


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College of Administrative and Financial Sciences Assignment 1 Deadline: 19/10/2019 @ 23:59 Course Name: Strategic Management Student’s Name: Course Code: MGT 401 Student’s ID Number: Semester: I CRN: Academic Year: 1440/1441 H For Instructor’s Use only Instructor’s Name: Students’ Grade: Marks Obtained/Out of Level of Marks: High/Middle/Low Instructions – PLEASE READ THEM CAREFULLY • The Assignment must be submitted on Blackboard (WORD format only) via allocated folder. • Assignments submitted through email will not be accepted. • Students are advised to make their work clear and well presented, marks may be reduced for poor presentation. This includes filling your information on the cover page. • Students must mention question number clearly in their answer. • Late submission will NOT be accepted. • Avoid plagiarism, the work should be in your own words, copying from students or other resources without proper referencing will result in ZERO marks. No exceptions. • All answered must be typed using Times New Roman (size 12, double-spaced) font. No pictures containing text will be accepted and will be considered plagiarism). • Submissions without this cover page will NOT be accepted. Learning outcomes: 1. Understand the basic concepts and terminology used in Strategic Management. (Lo 1.2) 2. Understand the Corporation Social Responsibility (Lo 1.4). 3. Understand issues related to strategic competitive advantage in organizations (Lo 2.2) Assignment Questions: (5 Marks) Question 1. (2 marks) Discuss the relationship between the social responsibility of a corporation and its competitive advantage. Enrich your answer by examples. (Max 700 words). (Your answers should include outside references (other than the slides and textbook) using a proper referencing style (APA). Using references from SDL will be highly valued. Question 2. (3 marks) To prepare for this assignment, review Figure 4.3 entitled ‘forces driving industry competition’ from your textbook (Figure 4.2- Ch4- Slide no 18) and the text relative to Porter’s Five Forces of Competition framework. Consider the role of the following key forces of suppliers, substitutes, buyers, and potential entrants. Select a Middle Eastern company of your choosing and assess the power of each of five forces on that firm: a. How powerful are the buyers, suppliers, and substitutes? How formidable are the barriers to entry and how intense is the rivalry among existing firms? (2 marks) b. Which of the forces has the biggest impact on the firm? Why? (1 mark) Answers: Question 1. Question 2. a. b.
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Explanation & Answer

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Running head: STRATEGIC MANAGEMENT

Strategic Management
Institution Affiliation
Date

1

STRATEGIC MANAGEMENT

2
QUESTION 1
Introduction

Corporate social responsibility is key to a company’s success as it enables a company to
establish its image well in the public domain through socially driven activities such as advocacy
campaigns, fair business practices, environmental actions, and customer concern. Corporate
social responsibility has enabled organizations to grow easily with minimum amount of time
which makes it easier for them to access capital. Enough profits yielded by organizations have
enabled them to practice corporate social responsibility hence making it a requirement for every
organization to practice it. Organizations have also been able to save on operational costs and
also gain a positive business reputation.
According to Saiedi (2015), many organizations tend to use corporate social
responsibility as a tool of competitive advantage due to increased sales and customer loyalty.
Organizations are also able to get better brand recognition and the ability to attract talent from
the people who are offered jobs in society due to corporate social responsibility. It has
dramatically enabled higher productivity. A competitive advantage is whereby a business
distinguishes itself from other companies intending to be profitable than the other company. It is
a tool that enables one business to compete favorably and yield a reasonable amount of profit.
Through competitive advantage, an organization can produce quality products of
excellent value hence attracting many customers. Many customers opt to choose your company
over the others due to the benefits they get from associating themselves with your company. An
excellent competitive advantage can ensure that a company’s publicity rises at such a point,
whereby the company yields a significant amount of profit as compared to o...


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