MGT 401 SEU Maintaining and Improving Competitive Advantage Report

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User Generated

User

ABBO10010

Subject

Business Finance

Course

MGT 401

School

Saudi electronic university

Department

MGT

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Kingdom of Saudi Arabia Ministry of Education Saudi Electronic University ‫المملكة العربية السعودية‬ ‫وزارة التعليم‬ ‫الجامعة السعودية اإللكترونية‬ College of Administrative and Financial Sciences Assignment 1 Strategic Management (MGT 401) Deadline: 23/10/2021 @ 23:59 Course Name: Strategic Management Student’s Name: Course Code: MGT401 Student’s ID Number: Semester: First CRN: Academic Year: 2021-22 For Instructor’s Use only Instructor’s Name: Abdulrahman I. Almanie Students’ Grade: Marks Obtained: /Out of 5 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. Assignment No 1: Discussion Questions Learning Outcomes: 1. Understand the basic concepts and terminology used in Strategic Management. (Lo 1) 2. Understand the Corporation Social Responsibility (Lo 2). 3. Explain how executive leadership is an important part of strategic management (Lo 3) ✓ Question 1 Discuss the influence of globalization, social responsibility and environmental sustainability on strategic management of a corporation. (2 Marks) ✓ Question 2 In what ways can a corporation’s structure and culture be internal strengths or weaknesses? (1Mark) ✓ Question 3 Discuss how executive leadership is an important part of a strategic management? Give examples from real market. (2 Marks) Notes: - Using the terminology developed in the course of strategic Management will be highly valued. Your answers MUST include at least 4 outside references (other than the slides and textbook) using a proper referencing style (APA). Using references from SDL will be highly valued. Good Luck Answers Maximum number of words: 1500
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1500 Words

Tags: maintaining competitive advantage improving systemic approach path to success

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Explanation & Answer

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Running Head: STRATEGIC MANAGEMENT DISCUSSIONS PAPER

Strategic Management Discussions Paper
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STRATEGIC MANAGEMENT DISCUSSIONS PAPER

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Question-1 Answer
To maintain and improve competitive advantage, corporations resort to a systemic
approach in which they plan and execute their path to success. This is known as strategic
management and is associated with competitiveness and globalization. The basics of strategic
management include the development of goals and establishing processes or strategies to
accomplish objectives followed by operations management and then the comparison of outcomes
against the standard In efforts to increase organizations' competitiveness in the marketplace,
corporations often revise strategic goals. Globalization led to advances in communication
technology, the evolution of the global manufacturing market, and open foreign markets. This
means that there is intensified foreign competition which leads to shrunken product cycles which
refers to the fast demand of customers for new products. The struggle for competitiveness as a
result of this globalization pace has reached a new level and corporations need to take into account
global considerations to meet the global demands (Daddie et al, 2018).
The advent of digital technology and social media have turned global communities into
virtual societies and the lace in the concept of corporate social responsibility has taken the central
place in strategic management. Corporations need to carry out socially responsible actions due to
the impact that they have on their stakeholders. These stakeholders are the employees, the
consumers, and the community that is affected by the corporation’s actions. Social responsibility
is the premise for establishing that all stakeholders are important and this realization leads
businesses to make strategic plans that improve the quality of life for their employees and
community. Corporate Social Responsibility is multi-faceted and also entails the greening of
business making environmental responsibility an integral element of strategic management. The
deterioration of the environment in various forms; global warming, biodiversity loss, and others

STRATEGIC MANAGEMENT DISCUSSIONS PAPER

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have a detrimental impact on the globe. Corporations nee...