Identify and explain the core concept of strategic management

  100% Pass and No Plagiarism Guaranteed

Identify and explain the core concept of strategic management

MGF3401 - Strategic management

Synopsis

Business environments including markets, critical success factors, and strategies employed to gain a competitive advantage; 

the nature of strategic management; the analysis and interpretation of business environments; the nature of competition, relative 

position of firms, individual strategies and their relationship to critical success factors; strengths and weaknesses related to production, 

logistics, finance, R and D, marketing, administration etc.; the role of structure, controls, rewards, culture and leadership in

implementation.

Objectives

The learning goals associated with this unit are to:


• identify and explain the core concept of strategic management



• explain and analyse the relationships between strategy formulation, strategy implementation and strategy evaluation



• summarise the main differences between corporate, business and functional strategies



• apply the strategy concepts and tools in analysing the factors affecting strategy implementation and evaluation



• critically analyse the usefulness of e-business strategy, corporate social responsibility, and strategy in the public sector

organisations.