Strategic Management assignment

Title: Strategic Management assignment

Assignment 1: Strategic Management (MGT 401)

Strategic Management (MGT 401) is a course typically offered in business and management programs at the undergraduate or graduate level. The course covers the process of formulating and implementing organizational strategy. The objective of the course is to provide students with a comprehensive understanding of the concepts and tools used in strategic management

Question 1: Discuss the influence of globalization, social responsibility, and environmental sustainability on the strategic management of a corporation.

Strategic management now requires a global perspective due to greater rivalry and expanded market opportunities brought about by globalization. As customers and stakeholders demand that businesses operate responsibly and sustainably, social responsibility and environmental sustainability have grown in importance as factors in strategic planning. Negative publicity, a decline in the reputation of the brand, and a decline in sales might occur as a result of failing to take these issues into account. On the other side, integrating environmental sustainability and social responsibility into a corporate strategy can result in greater brand reputation, higher consumer loyalty, and cost savings through sustainable business practices. In conclusion, globalization, social responsibility, and environmental sustainability have a big impact on how successfully a firm manages its strategic direction.

Question 2: In what ways can a corporation’s structure and culture be internal strengths or weaknesses?

The alignment of a corporation's structure and culture with its aims and objectives determines whether they are internal strengths or weaknesses.

Strengths:

Efficiency, job and responsibility clarity, and communication can all be improved by having a clearly defined and effective organizational structure.
Employee engagement, motivation, and collaboration can all be fostered by a supportive company culture, which boosts output and improves the working environment.
Weaknesses:

Innovation, adaptability, and change management can all be hampered by a rigid organizational structure.
The overall performance of the company may suffer as a result of low morale, high employee turnover, and decreased productivity brought on by a poisonous corporate culture.
In conclusion, an organization's structure and culture can either help or hurt its success, so it's critical for businesses to continually evaluate them and make any necessary adjustments to make sure they're in line with their objectives and provide positive results.

Question 3; Discuss how executive leadership is an important part of strategic management? Give examples from the real market.

Executive leadership plays a critical role in strategic management as it sets the tone for the organization, determines its direction, and sets the example for others to follow.

Setting the vision: Executive leaders are responsible for setting the vision and goals for the organization, which guides its decision-making and actions.
Allocating resources: Executive leaders have the power to allocate resources such as finances, personnel, and technology to achieve the organization's goals.
Driving implementation: Executive leaders are accountable for ensuring the implementation of strategic plans, which requires strong communication and collaboration with employees, partners, and stakeholders.
Setting culture: Executive leaders shape the organization's culture, which sets the tone for employee behavior and affects their motivation, productivity, and satisfaction.

Examples from the real market:

Jeff Bezos, CEO of Amazon, has been instrumental in shaping Amazon's vision of being the "earth's most customer-centric company," which has driven its strategic decisions and led to its success as a global leader in e-commerce.
Mary Barra, CEO of General Motors, has made strategic decisions to transition the company towards electric and autonomous vehicles, which has positioned the company for future success in the rapidly changing automotive industry.

In conclusion, executive leadership plays a crucial role in shaping the direction and success of an organization through its impact on vision, resource allocation, implementation, and culture.

Notes:

Using the terminology developed in the course of strategic Management will be highly valued.
Your answers MUST include at least 4 outside references (other than the slides and textbook) using a proper referencing style (APA).
Using references from SDL will be highly valued.

Good Luck

Answers

Maximum number of words: 1500

Kingdom of Saudi Arabia Ministry of Education Saudi Electronic University

المملكة العربية السعودية وزارة التعليم الجامعة السعودية الإلكترونية

College of Administrative and Financial Sciences

Assignment 1

Strategic Management (MGT 401)

Deadline: 23/10/2021 @ 23:59

Course Name: Strategic Management	Student’s Name:
Course Code: MGT401	Student’s ID Number:
Semester: First	CRN:
Academic Year:2021-22

For Instructor’s Use only

Instructor’s Name:
Students’ Grade: Marks Obtained/Out of 5	Level of Marks: High/Middle/Low

Instructions – PLEASE READ THEM CAREFULLY

The Assignment must be submitted on Blackboard (WORD format only) via the allocated folder.
Assignments submitted through email will not be accepted.
Students are advised to make their work clear and well-presented, marks may be reduced for poor presentation. This includes filling in your information on the cover page.
Students must mention the question number clearly in their answers.
Late submissions will NOT be accepted.
Avoid plagiarism, the work should be in your own words, copying from students or other resources without proper referencing will result in ZERO marks. No exceptions.
All answers must be typed using Times New Roman (size 12, double-spaced) font. No pictures containing text will be accepted and will be considered plagiarism).
Submissions without this cover page will NOT be accepted.

Assignment No 1: Discussion Questions

Learning Outcomes:

Understand the basic concepts and terminology used in Strategic Management. (Lo 1)
Understand the Corporation Social Responsibility (Lo 2).
Explain how executive leadership is an important part of strategic management (Lo 3)

Question 1

Discuss the influence of globalization, social responsibility and environmental sustainability on strategic management of a corporation. (2 Marks)

Question 2

In what ways can a corporation’s structure and culture be internal strengths or weaknesses?

(1Mark)

Question 3

Discuss how executive leadership is an important part of a strategic management? Give examples from real market. (2 Marks)

Notes:

Using the terminology developed in the course of strategic Management will be highly valued.
Your answers MUST include at least 4 outside references (other than the slides and textbook) using a proper referencing style (APA).
Using references from SDL will be highly valued.

Good Luck

Answers

Maximum number of words: 1500

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