role of strategic_management

May 29th, 2015
Studypool Tutor
Abilene Christian University
Price: $25 USD

Tutor description

Strategic Management Definition Strategic management consists in the analysis, decisions, and action an organization undertakes in order to create and sustain competitive advantages  A strategy is a plan of action designed to achieve a particular goal.

Word Count: 1141
Showing Page: 1/3
Strategic Management DefinitionStrategic management consists in the analysis, decisions, and action an organization undertakes in order to create and sustain competitive advantages A strategy is a plan of action designed to achieve a particular goal. To achieve long-term prosperity, strategic planners commonly establish long-term objectives in seven areas:ProfitabilityProductivityCompetitive PositionEmployee RelationsEmployee DevelopmentTechnological LeadershipPublic ResponsibilityQualities of Long-Term Objectives AcceptableFlexibleMeasurableMotivatingSuitableAchievableUnderstandableConcentrationThe most common business strategy is concentration on the current business. The firm directs its resources to the profitable growth of a single product, in a single market, and with a single technology. Some of Europe's largest and most successful companies have tradi

Review from student

Studypool Student
" Awesome! Exactly what I wanted. "
Ask your homework questions. Receive quality answers!

Type your question here (or upload an image)

1821 tutors are online

Brown University





1271 Tutors

California Institute of Technology




2131 Tutors

Carnegie Mellon University




982 Tutors

Columbia University





1256 Tutors

Dartmouth University





2113 Tutors

Emory University





2279 Tutors

Harvard University





599 Tutors

Massachusetts Institute of Technology



2319 Tutors

New York University





1645 Tutors

Notre Dam University





1911 Tutors

Oklahoma University





2122 Tutors

Pennsylvania State University





932 Tutors

Princeton University





1211 Tutors

Stanford University





983 Tutors

University of California





1282 Tutors

Oxford University





123 Tutors

Yale University





2325 Tutors