Description
Please locate a recent news article (no more than six months old please) that is relevant to the subjects/concepts introduced in Ch04(attached file) and prepare a short analysis/summary of the news article.Blog should consist of a link to the article you have found and your analysis as to why and how it is related to the topic introduced in that module (one paragraph with 150-200 words). Please do not use sources such as news paper columns, commentaries, blogs, case studies, white papers, research reports and the like as your chosen news articles. According to Merriam-Webster, news is a report of recent events.
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Explanation & Answer
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Running Head: STRATEGIC MANAGEMENT
Strategic Management
Name
Institution
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STRATEGIC MANAGEMENT
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Strategic Management
Strategic management refers to the implementation and formulation of an organizations
goals and objectives, based on the organization's assessment of internal and external
environments and resources. On strategic level managers coordinate and integrate a set of actions
and commitments to gain a competitive advantage to exploiting core competencies in specific
brands and product markets. This paper will incorporate a news article, its summary, and
relevance to strategic management power point provided. The article, "Modern Design, No
Retail Markup: Furniture Maker Article Forecasts $200 Million in 2018 Sales" is categorized
both as an entrepreneurial article and a strategic management article. This is because; Baig and
his co-founders are entrepreneurs who used strategic management concepts to make their
entrepreneurial business a success. They concentrated their efforts on their furniture products
that are the quality of their furniture and the uniqueness of their furniture, their target consumer
that is the needs and motivation of their consumers and the products' markets.
The news article features a Vancouver bas...