Answer each question with 200-250 words
Format citations and references according to APA guidelines.
Question 1 – Strategic Management Process
Discuss the following prompts:
- Discuss the difference between the strategic management process and the day-to-day management of an organization.
- Explain how a focus on the strategic management process can help build/maintain a competitive advantage in a given industry.
- Explain how corporate and social responsibility as a focus of the strategic management process can help drive a competitive advantage.
Question 2 – Internal Environment Influences on Strategy
Understanding how a company’s internal environment influences strategy development is essential for crafting effective plans that leverage organizational strengths.
Select an industry you are familiar with and discuss the following prompts with your class:
- List your selected industry.
- Discuss how a company’s internal environment might affect the development of the corporate strategy.
- Explain why personal and organizational structure factors are needed for an effective strategy in this industry.
- Identify ways an organization might use the product life cycle concept to build competitive advantage.
Question 3 – Discussion: PESTEL Framework
Consider a company with global operations with which you are familiar. Use the PESTEL analysis framework discussed in this week’s readings to answer the following questions:
- What might be in the organization’s external, general, or industry environment that would, or should, influence strategic planning for that company?
- How does using the PESTEL framework help you evaluate the competitive advantages for your selected company?
Question 4 – Business Level Strategy v. Corporate Level Strategy
The word strategies can have different meanings, especially in organizations of various sizes. Some companies may have a business-level strategy, while others have a corporate-level strategy. These strategies may be similar but are created and used for different outcomes.
Discuss the following prompts with your classmates:
- Explain 2 differences between a business-level strategy and a corporate-level strategy as part of a strategy-making hierarchy. How are these types of strategies related?
- Provide an example from a company you are familiar with to illustrate the strategy differences and relationships.
Question 5 – Change Management Fail
Change management is a critical aspect of organizational development, yet not all change initiatives succeed. Reflecting on instances where change efforts have failed can provide valuable insights into the challenges and solutions associated with managing organizational change.
Select an organization and think of an example where change was attempted but failed there.
Discuss the following with your classmates:
- Identify the organization you selected.
- What change was attempted?
- Using the concepts presented in this week’s readings, discuss what contributed to the failure and what might have been done to prevent it.
Question 6 – Alleviating Stakeholder Concerns
Think of a change in a company with which you are familiar. This should be a different change than the one used in question 5.
Identify the stakeholders involved in this change and then respond to the following prompt:
- Discuss what concerns different stakeholders might have and how communication is needed to address those concerns.