Management Strategy the Document Capstone Project

Pages: 6 (1770 words)  ·  Bibliography Sources: 4  ·  File: .docx  ·  Level: College Senior  ·  Topic: Business - Management

SAMPLE EXCERPT . . .
The businesses which are successful always manage to find a strategic fit between the firm and the environment it operates in while formulating a strategy. The strategic management plan should also be based on a consumer perspective. It must be aligned with the vision of the organization and must build on the strengths and avoid the weaknesses. It should also aim to minimize the threats and optimize the opportunities.

Long-term management planning is based on the principle that what happened in the past will repeat. Sticking rigidly to a plan can be harmful to a company as it is not necessary that what happened in the past will repeat in future. Strategic Management Plans must be flexible enough in order to change and react to the circumstances. Successful Strategies is about reacting to the situations most of the times. Planning can only help in getting an idea about the future. Most of the planners who are successful allow the strategies to be shaped by the events. Being reactive is as important as to being proactive because decent reactions can formulate into a great strategy. There are many companies who examine the past strategies

References:

Gomez-Mejia, Luis R.; David B. Balkin and Robert L. Cardy (2008). Management: People, Performance, Change, 3rd edition. New York, New York USA: McGraw-Hill. pp. 19.

Kleiman, Lawrence S. (2010). " Management and Executive Development" Reference for Business: Encyclopedia of Business

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Manfred F.R. Kets de Vries (2003). The Dark Side of Leadership - Business Strategy Review 14(3), Autumn Page 26

Capstone Project on Management Strategy the Document States Assignment

Richard Barrett (2003). Vocational Business: Training, Developing and Motivating…
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Management Strategy the Document.  (2012, July 22).  Retrieved January 26, 2021, from https://www.essaytown.com/subjects/paper/management-strategy-document-states/5761151

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"Management Strategy the Document."  Essaytown.com.  July 22, 2012.  Accessed January 26, 2021.
https://www.essaytown.com/subjects/paper/management-strategy-document-states/5761151.