strategic Management assignment

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Dr_TravisP
School: UT Austin

Here. Thanks

Running head: STRATEGIC MANAGEMENT

Strategic Management
Name
Institution
Date

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STRATEGIC MANAGEMENT

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Task One: Literature on Strategic Management
The list of academic literature on strategic management include;
Margaret A. White, Gary D. Bruton. (2010). The Management of Technology and Innovation: A
Strategic Approach, Southwestern, Cengage Learning
This book discusses the factors that help in establishing a proper strategic management
plan as well as the design. In essence, it shows the contribution of both the internal and external
strategies in the management sector and that by looking into these considerations; an enterprise
finds it easy to achieve sustainable competitive advantage. However, the enterprises would
realize this through optimization of the internal resources while they prevent any forms of
external threats. Extraction of any opportunities would also serve of great significance. Ideally,
the internal factors may be different depending on the type of the organization, which ends up
depicting their nature of interaction across a broad spectrum of the operational system. Some of
these include the firm's infrastructure that dictates the structure of the organization and the
hierarchical nature of the management team.
Regarding the human resources, individual skills, and expertise of the personnel boosts
strategic management and ensures incorporation of new forms of technology. Moreover,
sourcing is a vital issue governing the appropriateness of strategic management since an
organization can only operate depending on the available sources of finance. However, some
primary activities are crucial, and these comprise of sales and marketing, which help in the
identification of wholesale and retail markets for the products. Conversely, external opportunities
may encompass the markets or prospective customers who would dictate the types of products
depending on their needs and expectations. Considering the aspect of competition, an enterprise
that is well posed strategically has a sustainable competitive advantage over its competitors

STRATEGIC MANAGEMENT

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thereby realizing improved productivity and profitability. Nevertheless, economic issues like
booms and recessions would bring about variations in the spending habits of individuals as the
former promotes business processes while the latter leads to deterioration. In essence, the
regulatory environment might be influential through the imposition of tariffs on imports and
exports as well as taxes on the corporate structure of the organization. These might lead to high
costs of the product thereby making it difficult to access due to the inability to afford.

Michael Ortiz. (2013). Varieties of Strategic management Systems: The Governance of
Knowledge Transfer in Europe, New York, Campus Verlag Frankfurt
The book gives a description of how the strategic management systems came into
existence and some of the factors, which might have led to their established designs. The systems
serve a critical role in promoting the process of technological change since technology is
embedded in the interaction of a range of procedures. Substantially, the evolutionary and
institutional theories help in the enhancement of such an approach in the business and
management sector. For an enterprise to acquire good strategic management systems there has to
be a sense of both individualism and collectivism. Through these, the individuals (personnel)
would identify their potentiality and the dynamics under which they operate while on the other
hand the or...

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