Strategy is an essential requirement for any business to achieve its organizational goals, be it for short term or long term. It is a tool which is used to identify the right direction and scope of the firm, even to analyse the business decisions which may come out with the best results. It actually drives authentic and reliable plans and policies which can help out in meeting the market needs by using the proper resources. There are several tools used by managers to formulate a business strategy. Some of the more popular tools are PESTEL analysis, SWOT analysis, Porter’s five force analysis, etc.
To plan a strategy and manage a strategy comes under the subject known as "Strategic Management". MBA students basically deal with this particular subject and require to do lots of assignments on strategic management. Although it is not so complicated, but students take it as a boredom task. They find difficulty when they formulate all the applied theoretical concepts in words. Usually, strategic management assignment comprises of more than 2000 words, which is not at all an easy task, hence they seek professional assistance for strategic assignment. At EssayCorp, our management experts provide the best strategic management assignment help to the students before the deadline.
Strategic management basically includes two factors "Formulation" and "Implementation". These both elements are important in every initiative taken by the top management of a company. It oversees and specifies the organization's objectives to formulate and implement the planned strategy. Domain experts have developed various frameworks and models to easily implement the proposed strategy. Strategic management is not a one-time process; it is a dynamic process which keeps on changing from time to time. Strategic management is also related to strategic planning and strategy thinking.
A strategy has three main elements; strategic analysis, strategic choice, and strategy implementation. Strategic management is an iterative process and can be represented as a loop. Below is a brief on the elements of strategic management. For a more detailed excerpt seek our strategic management assignment help.
Strategic management can prove to be cumbersome for students who have opted for a management program. Nevertheless, it is an essential part and needs to be done to complete the degree with flying grades. It is essential because of the weight it carries in the final grading of the subject. Following are the reasons why students find the assignment on strategic management to be difficult.
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Strategic management process is not just a set of rules, in fact, it is a philosophical approach which helps in managing various types of strategies to grow the business. These are the five stages.
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You are required to perform a background analysis, gathering necessary information to produce a ‘management quality’ report which should include the following Develop a Project Charter which includes background analysis, stakeholder analysis, goals and deliverables of the project, critical success factors, and the estimated resources
Using the 50-50 Rule, what is earned value for this project,Using the 0-100 Rule, what is earned value for this project,Note the discrepancy of earned value figures when using the 50-50 Rule and 0-100,Why is there a discrepancy, Which Rule should we use? Explain your rationale.
Using the cost data in the cost table above, create a cumulative cost curve comparing actual versus planned costs Using the schedule data in the schedule table above, create a Gantt chart comparing actual versus planned schedule performance Summarize in words what you see project status to be at this time. What do you predict regarding the final cost and final schedule for the project?
Create a comprehensive plan for the project. Complete a Stakeholder Register. Once you've identified your stakeholders on the Stakeholders Register, document their communications needs on the Project Communications matrix. Project charter is attached for your reference
Research the product development and marketing of an ethical wine or food product with reference to how the principles of ethics and sustainability are applied in terms of a mission, vision and values section in a business plan.
Develop a neat network diagram for the project based on the principle of starting every task as soon as possible. Assume that sufficient contingency has already been built into the individual duration estimates.Based on this analysis, create a neat and accurate Gantt chart for the project. Use landscape format.
The project Manager decides to hire you as a consultant to help develop the project further.What advice would you provide the PM in determining the Early Start/Free Slack (ES/FS) for an activity with two predecessors?Draw a Gantt chart for the project and superimpose the slack on the chart?