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Strategic Management and Game Stimulation Discussion

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Strategic Management 1

Strategic Management and Game Stimulation

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Strategic Management 2

Exploring Strategic Management and Stimulation Game

What is Strategy?

The term strategy is defined as a way of assembling an organization or an enterprise to

get to its forthcoming. As well, strategic enterprise management is the core management of

the highest level of the enterprise. It can be defined as an enterprise that regulates the mission

and strategic objectives according to their external environment and internal settings, as well

as plans to ensure the realization of the organizational goals (Godet, 1989). Furthermore, it is

used to develop organizational’ internal capabilities that make such planning and decision-

making a reality. It can also be said to be a dynamic management process which controls the

operation of implementation (Birkinshaw, 2004).

The development process of strategic management involves different perspectives

such as Porters five forces (Clayton, 2018). In Porters five forces, it is clear that Porters

believes that the ideologies of enterprise strategy are achieving competitive advantage and

choosing attractive industries with high potential profits, which need to analyze the

competitive environment to be entered. However, the emphasis of this view on the external

environment suggests that the evaluation of the enterprise's capabilities and the gap between

its appropriate environments are deserted.

Prahalad and Hammer (2010) emphasize on the internal conditions of enterprises that

play a decisive role in maintaining competitive advantage and attaining excess profits.

According to Michaux et al. (2015), it also requires that the enterprise to focus on their own

resources and capabilities to operate as a superior industry. This theory makes up for the

shortcomings of Porter's structural approach because it pays more attention to the external

analysis of enterprises (Martin, 2018). At the same time, it also has its inherent shortcomings,

which is due to the excessive attention to the internal environments of enterprises.

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Strategic Management 1 Strategic Management and Game Stimulation By student’s name Course code+ name Professor’s name University name City, state Date of submission Strategic Management 2 Exploring Strategic Management and Stimulation Game What is Strategy? The term strategy is defined as a way of assembling an organization or an enterprise to get to its forthcoming. As well, strategic enterprise management is the core management of the highest level of the enterprise. It can be defined as an enterprise that regulates the mission and strategic objectives according to their external environment and internal settings, as well as plans to ensure the realization of the organizational goals (Godet, 1989). Furthermore, it is used to develop organizational’ internal capabilities that make such planning and decisionmaking a reality. It can also be said to be a dynamic management process which controls the operation of implementation (Birkinshaw, 2004). The development process of strategic management involves different perspectives such as Porters five forces (Clayton, 2018). In Porters five forces, it is clear that Porters believes that the ideologies of enterprise strategy are achieving competitive advantage and choosing attractive industries with high potential profits, which need to analyze the competitive environment to be entered. However, the emphasis of this view on the external environment suggests that the evaluation of the enterprise's capabilities and the gap be ...
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Tags: stimulation game core management dynamic management process development process competitive advantage