MGT 600 SNHU Your Strategy Process Needs a Strategy Article Discussion Paper

Content Type

User Generated

User

gehyvsr37

Subject

Business Finance

Course

MGT 600

School

Southern New Hampshire University

Department

MGT

Description

For this paper, you will review the article "Your Strategy Process Needs a Strategy", and provide your insight and reflections concerning the following questions:

How does the business environment impact the five broad approaches to strategy?
Why does strategic planning impact the competitive advantage and sustainability of organizations?

Keep in mind that it is an essential skill to write effectively within the business community and a paramount ingredient to strategic planning. This short paper assignment brings you the opportunity to learn, identify, and strategize solutions relevant to the course outcomes.

https://www.bcg.com/publications/2018/your-strategy-process-needs-a-strategy

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MGT 600 Short Paper Rubric Guidelines: All short paper assignments must follow these formatting guidelines: double spacing, 12-point Times New Roman font, one-inch margins, and at least two resources using APA citations. Page length requirements: 2–3 pages. Critical Elements Main Elements Inquiry and Analysis Integration and Application Critical Thinking Research Articulation of Response Exemplary (100%) Includes all of the main elements and requirements and cites multiple examples to illustrate each element Provides in-depth analysis that demonstrates complete understanding of multiple concepts All of the course concepts are correctly applied Draws insightful conclusions that are thoroughly defended with evidence and examples Incorporates at least two scholarly/technical resources effectively that reflect depth and breadth of research Submission is properly cited, free of errors related to citations, grammar, spelling, syntax, and organization and is presented in a professional and easy-to-read format Proficient (90%) Includes most of the main elements and requirements and cites many examples to illustrate each element Provides in-depth analysis that demonstrates complete understanding of some concepts Most of the course concepts are correctly applied Draws informed conclusions that are justified with evidence Needs Improvement (70%) Includes some of the main elements and requirements Not Evident (0%) Does not include any of the main elements and requirements Value 25 Provides in-depth analysis that demonstrates complete understanding of minimal concepts Some of the course concepts are correctly applied Draws logical conclusions, but does not defend with evidence Does not provide in-depth analysis 20 Does not correctly apply any of the course concepts Does not draw logical conclusions 10 Incorporates at least two resources effectively that reflect depth and breadth of research Submission has no major errors related to citations, grammar, spelling, syntax, or organization Incorporates at least one resource that reflects depth and breadth of research Does not incorporate scholarly resources that reflect depth and breadth of research 15 Submission has major errors related to citations, grammar, spelling, syntax, or organization that negatively impact readability and articulation of main ideas Submission has major errors related to citations, grammar, spelling, syntax, or organization that negatively impact readability and articulation of main ideas Total 10 20 100%
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Tags: Business Environment Strategy Approach Reeves Legrand Fuller firm collaborating sustainability of organizations

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Explanation & Answer

Attached.

Running head: ARTICLE REVIEW AND REFLECTION

Article Review and Reflection

Institution Affiliation

Date

1

ARTICLE REVIEW AND REFLECTION

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Introduction
Reeves, Legrand, & Fuller (2018) in their article, “Your Strategy Process Needs a
Strategy” discusses how business leaders have been able to access a wide range of strategies
since the concept of business strategy became a discipline. The authors indicate that despite the
wide access to various approaches to strategy, the process of strategic planning has not changed.
The article indicates that a mismatch can exist between the business strategy adopted and the
business environment, which can make the process of strategic planning obsolete. Therefore, it is
critical to choose the best approach to strategy for an organization to effectively overcome the
challenges facing a particular business environment.

How the business environment impacts the five broad approaches to strategy

The five broad approaches to strategy discussed by Reeves, Legrand, & Fuller are the
classical approach, adaptive approach, visionary approach, shaping approach, and the renewal
approach. The classical approach to strategy aims at creating and implementing an action plan
that works best in a business environment that is relatively stable and pr...