Strategic Management Essays

On a global scale, Wal-Mart is a prosperous company that takes the lead and initiates innovation. In 1962, a small store was established in Roger, Arkansas by Sam Walton, which later became Wal-Mart. It was incorporated in 1969 and listed on the New York Stock Exchange in 1972. Currently, Wal-Mart is acknowledged as the world’s […]

Despite potential disagreement, the progress and implementation of managerial accounting in the past three decades supports the notion that it is effective. Senior executives commonly use this phrase to suggest delegating responsibility to lower ranks and proactively monitoring business metrics, all to achieve desired objectives (Emiliani 2000). In today’s competitive information age, organizations need to […]

Although sustainable development has gained more acknowledgment, it is still a foreign concept for numerous corporate leaders. To many, it remains intangible and theoretical. While safeguarding a company’s financial resources is widely acknowledged, there is often neglect in extending this responsibility to the planet’s ecological and human assets. To fully optimize sustainable development, it needs […]

The concepts from strategic management that we covered in class for the past four weeks are definitely reflected in the real world of business. Several theories and strategies mentioned in class mostly related or can be beneficially applied to the current business environment. The increase in global trade or globalization made business much more aware […]

Introduction Its roots are in print journalism, but Tribune Company has branched beyond the written word to embrace virtually every aspect of modern media. Tribune Interactive (TI) operates in more than 50 websites, attracting a combined 7 million unique visitors per month. It ranks among the top 20 online news and information networks in the […]

Between 1995 and 2002, SPX experienced a compounded earnings growth of approximately 50%. Analysts predict that SPX will continue to maintain a 15% growth in earnings for the next three to five years. The company’s impressive growth can mostly be attributed to their strategic actions, including “bolt-on” acquisitions, globalization, and their Value Improvement Process. Despite […]

Strategy is the long-term direction and planning that a company carries out in order to determine how it can best compete and to succeed. Johnson and Scoles (2006) define strategy as “the direction and scope of an organisation over the long term which achieves advantage of the organisation through its configuration of resources within a […]

As competition grows, more and more companies are realizing the need to expand globally to remain competitive and achieve growth. This has led to the rise of a larger number of multinational firms, as noted by Pugel in 1988. Successful expansion into foreign markets has been achieved by many companies, as reported by Business Week […]

Wal-Mart, a major US retailer, had a turnover of $345 billion in 2006 and attracts nearly one-third of the US population to its stores. As the world’s largest public corporation based on revenue, it has over 6,200 facilities globally with 3,800 stores in the US and 2,800 international locations. Despite being less profitable than competitors […]

The promotional strategy of the business is also important for attracting consumers. It must both create and address the needs of customers. In areas like retailing, certain demographic segments are driven by the impact of advertising (Soberman 2003). To date, Wal-Mart has shown that it can address these areas, and thus maintain its competitive advantage. […]

To undertand the process of developing strategic management, there is a need to understand the concept of strategic management which is defined as a set of managerial decisions and actions aimed at the generation of sustainable competitive advantage. It is also a reality that strategic management operates on several time scales. Thus, there are short […]

Introduction      Turning back to being green is the primary aim of different business establishments today. Why is this so? It has been noted that because of the growing rate of the existence of different pollution in the human environment today, working performance of people begins to stumble down. Likely, this is the main reason […]

Value-chain analysis is used for many purposes, but the process of examining customers’ value chains is relatively new. In our five-step process, Step 1 explains how internal and external value chains can be used separately and in related ways. Step 2 shows how to construct a customer’s value chain. Step 3 shows how to identify […]

Hierarchy of strategy can be defined as strategies developed at different levels within particular organization to respond to specific needs and demands of organization. Actually, three distinct levels of strategy hierarchy are distinguished within organization. Moreover, all these levels are strongly interrelated because it ensures the best company’s performance. If levels aren’t interrelated, then organization […]

Abstract When it comes to marketing and promoting software and other technology products, companies need to find the most effective method. Since each product line is distinct, it requires its own unique marketing strategies. In the ever-changing and rapidly expanding technology sector, markets are constantly evolving. Various types of markets in this industry demand unique […]

This paper discusses the substantial disconnect between corporate headquarters’ formulated strategies and their implementation by autonomous managers. It identifies key problems, such as managers making decisions that do not align with the overall strategy, responsibility distribution affecting strategic decision-making, and firm-level decision-making processes impacting successful implementation. The influence of strategy extends beyond top-level managers. Mid […]

Under the Inland Revenue’s pay and grading system, staff are placed in one of five pay bands, A to E. Our concern in the paper is with those clerical employees, placed on the lowest grades: E ~ divided between El, E2 – and D, since this was the group at which the HR-teamworking intervention was […]

Job performance has long been of interest to organizations, business leaders, and managers. A number of studies have identified factors that affect job performance. These factors may include satisfaction, attitude, job structure, incentive pay, and job-related skill. Carmeli and Tischler (2004) reported a positive relationship between job autonomy, cognitive ability, job-related skill, role breadth and […]

The Competitive, or Operating environment of HSBC involves many different parties including competitors, creditors and suppliers. In some areas of the business, such as investment banking, their competitors can also be their customers. A market profitability assessment has been completed (See Appendix Two) using the Porters Five Forces of Market Profitability tool (Porter, 1986, p. […]

In this article, we aim to examine the strategic maneuvers implemented by J. C. Penny Corporation and propose strategies that align with their mission and vision. To accomplish this, we will thoroughly assess both the internal and external landscapes. Within the text, there is a discussion of implementing proposed strategies, including management’s monitoring of critical […]

Change is an unavoidable aspect that project managers encounter frequently in their projects. Many project managers often perceive change as problems or negative outcomes. Although change can have negative consequences, it can also bring about positive outcomes. The successful implementation of change in an organization is dependent on four key factors: Pressure for change – […]

Able Corporation is currently a top player in its industry and aims to expand globally. To achieve this goal, the company must initially define its identity and mission statement, which will serve as a strong basis for conducting business overseas. Having fundamental management components in place is crucial to assess a company’s strength. This involves […]