WEEK 1 Discussion
Define the various classifications of stakeholders in a company and their role in strategic
In an organization, stakeholders can broadly be classified as either internal or external
stakeholders. Internal stakeholders consists of the employees and any other person who strives to
make the mission and goals of the company achievable. External stakeholder, on the other hand,
consists of all the investors, country’s regulators, community, customers and vendors who keep
the company alive by conducting daily business with the company. All decisions regarding the
management of the organization are made in such a way that all stakeholders’ interests and
expectations are met and protected while considering the ethical standards.
Explain the connection between stakeholders and competitive advantage.
When an organization is able to map their competencies and ensure the interests of all relevant
stakeholders are met, it boasts of competitive advantage. This occurs when the company’s
stakeholders are assured of their returns, which is when the firm can be said to draw a competitive
advantage over other competitors in the market that is as a result of its superior strategies and
practices it has adopted. Satisfaction of stakeholder’s remains one of the greatest strategies any
firm would invest in, with those who are able to do this said to have had a competitive advantage.
Describe the attributes of an effective strategist.
Effective strategists are the one who can align with the organization’s capabilities and generate
a pivotal pool of talent that ensures knowledge transmission among all stakeholders. They also
are able to study the internal and external environments of the company and then propose a
design process that the operations will be able to support in a short and long terms. Similarly,
an effective strategist is one ensure the innovations made can easily support the company’s
Explain how you would create and sell a strategic mission to stakeholders.
Any strategic mission in an organization is based on the set goals and the codes of conduct.
Therefore, to ensure the mission is a realistic thing to the stakeholders so that they can accept
it, it’s important to make sure it’s based on the triple bottom line and the organizations
operatives. With that, it’s very likely that it will work.
WEEK 2 Discussion
What factors make up this process?
With regard to strategic management, the process involves the strategic competitiveness,
analysis and performance. The strategy factor involves designing and executing various
strategic formulations and implementing them. Analysis factors, on the other hand, involves
looking at both internal and external organizational environments to try and establish a vision
for the company. Similarly, the performance factor is mainly measured by use of strategic
competitiveness over the total or average returns of the company.
How important is it to change, and what criteria determine the changes in a strategic
Having the willingness to make changes is key to any organization. Both technology and
environment are constantly changing, which means organizations also need to change from
time-to-time to fit to the current environment and also be successful in their strategic
management plans. To achieve flexibility in their strategy and have a continuity basis in order
to gain competitive advantage, organizations need to develop a learning capacity. They need
to provide a continuous learning process encompassing both new and trending skill sets that
will allow them adapt to their environments.
How would you describe the twenty-first century competitive landscape and the
various challenges it brings to businesses?
With various technological advancements in the twenty-first century, competitive landscape is
continually improving, with multiple competitive landscapes been brought onboard. With the
changes becoming relentless and ever-increasing, the determination of boundaries in an
organization also becomes important (Bereznoy, 2019). This has also come as unprecedented
challenge to other businesses since they are forced to offer products of high quality at a
competitive price from other companies. It also makes businesses become more diverse and
might start producing various products and services.
Why will a traditional mindset not lead a company to strategic competitiveness and
what values must managers adopt to overcome these challenges?
A traditional mindset in managers of an organization is unlikely to lead them to any strategic
competitiveness because of the ever changing business environment. The organization must
learn to adopt to new mindsets valuing speed, flexibility, integration, innovation, and other
challenges evolving from the constantly changing conditions (Hosain, 2019). Failure to do that,
they will fail to maintain a competitive advantage.
Bereznoy, A. (2019). Changing competitive landscape through business model innovation:
The new imperative for corporate market strategy. Journal of the Knowledge Economy, 10(4),
Hosain, S. (2019). The role of information technology on strategic HRM: Transformation of
traditional mindset. Available at SSRN 3459536.
Week 3 Discussion
Define liability of foreignness and regionalism. Discuss how it relates to and how it
impacts international strategies.
The liability of foreigners involves dealing with any extra costs of the firms that are able to
operate from their home countries and which surrounds us and make us experience the incurred
of other local firms near them. Conducting business with some countries, especially the ones
that may inflate the costs can increase the risks to the organization. Therefore, before
establishing any business it’s important to conduct a study of the country the firm will be
working with especially when it comes to the liability of foreigners to better understand the
risks they likely to face. Regionalism, on the other hand, involves bringing onboard more than
one country to form an alliance which is necessary to solving common issues that might occur.
Regionalism can take any design that is organized by the firm to help protect its goods and
services while observing the policies in each region. It’s useful when managing opportunities
brought by people from specific countries that are working together. Both liability and
regionalism are crucial in the establishment of international strategies since they give different
countries an opportunity to establish different risks and costs involved in each country.
Describe corporate strategic alliance and discuss why a company would want to develop
one. Are strategic alliances necessary for a company to expand internationally?
Strategic alliances refers to partnership between two or more corporations to work as one
cohesive unit with the aim of accomplishing goals, where they are both beneficiaries of the
outcomes. Companies coul...
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