In this assignment, you will decide on strategic management plans, a company’s strategic competitiveness, and the best model for above-average returns.
In current market conditions, companies need to gain and then maintain a competitive edge over their competitors. They do this by employing a compelling and dynamic strategic management process to create a strategy that helps them achieve their goals before one of their competitors does.
Select any two of the main questions and address all of their bullet points:
Question 1:
Discuss the following questions in relation to strategic management:
• What factors make up this process?
• How important is it to change, and what criteria determine the changes in a strategic management plan?
Question 2:
Discuss the following questions in relation to strategic competitiveness:
• How would you describe the twenty-first century competitive landscape and the various challenges it brings to businesses?
• Why will a traditional mindset not lead a company to strategic competitiveness and what values must managers adopt to overcome these challenges?
