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MGMT35200 Strategic Management
Location: Purdue University
Study level: Under graduate
Unit code: MGMT35200
Weightage of the MGMT35200 Code:
The course concentrates on understanding competitive forces and how organizations strive to develop and build sustainable and competitive advantages through business as well as corporate level strategies. This MGMT35200Solutions unit on MGMT35200: strategic management is capable of integrating and building upon various pervious training in functional areas and presents new analytical tools for developing an understanding of the strategic decisions that are also helpful in determining future guidance and directions along with the effectiveness of the organization. This course primarily falls under the spring summer course and interested students could avail this course by directly contacting the University in their respective official mail channels.
After successful completion of this MGMT35200AssignmentAnswers unit on MGMT35200: strategic management, students will be able to introduce the concepts and theories of strategic management and understand the nature of the organizational strategies and policies in the competitive as well as institutional landscape. Students would also be able to provide better understanding of strategy formulation process and frameworks, techniques and tools of strategic analysis and its associated application. Students would develop an idea of key business issues or challenges/ or problems of business in light of dynamic business environment. Strategy execution process, framework and its criticality. Assessing strategic performance of a firm. Appreciation of theoretical and empirical foundation of strategic management background.
The MGMT35200Assessment answers module on MGMT35200: strategic management would also assist students in developing a holistic approach to identify and observe business issues comprehensively and using their core as well as functional subject knowledge for making decisions. In addition to this, students will also avail the conceptual. Diagnostic and analytical along with conceptual skills in formulation of strategy and its required execution. Students will also have an idea of identifying, appreciating and interpreting the critical challenges and opportunities within an organization and the associated business environment.
Few basic questions of organizational business are answered by discipline of Strategic Management (SM). For example why some organizations are highly successful. Why some organizations are capable of achieving relatively higher profitability as compared to other players? Why all industries are not profitable equally? What is the prime source of superior performance? Therefore, it is an interdisciplinary study of performance differences between organizations and strategic management has conventionally concentrated on business concepts and theories that impacts the overall performance of the organizations. Strategic management also attempts to answer two questions associated with value creation. How organizations could create value better than its rivals and how this created value is shared in stakeholders? Who appropriate how much? Strategic management provides the foundation of firm’s long-term survival and health. Hence, all these questions could be answered by students pursuing this course module on MGMT35200: strategic management and this would also help them in creating a better fit between the environment and the organization and exploit the existing opportunities using required resources and the available capacities.
The course module explains that successful and effective analysis of the business requires understanding environments, industries and organziations. This primarily comes from other experiences, things, sold data and information and the proper choice as well as utilization of analytical tools and techniques. Students will get an idea of what are the required tool that could be effectively used by the organization to maintain the required competitive edge over others and generate revenues in the long run. The course module also assists organziations to maintain a sustained level of profitability above the industry average and explains how the organization is positioned in the market in order to obtain solid data and information required for processing further with other players.
The MGMT35200 Task Answers unit on MGMT35200: strategic management is aimed focused on the information, analyses, organizational processes, and skills and business judgment managers must use to devise strategies, position their businesses, define firm boundaries and maximize long-term profits in the face of uncertainty and competition. The course unit on MGMT35200: strategic management also takes a general management perspective, observing the organization as a whole, and evaluating how policies in each functional area are integrated into an overall competitive strategy. The key or imperative strategic business decisions of concern in this course involve selecting competitive strategies, creating and defending competitive advantages, defining organizational boundaries and allocating critical resources over long period of time. Decisions such as these could only be made effectively by observing an organization holistically, and over the long term of operations.
Students pursuing this unit course on MGMT35200: strategic management would help organziations in making decisions and suggestions for horizontal changes in the organizational boundary based on the understanding of the situation or the condition under which the diversification of the organization creates value. Students have a better chance of recognizing strategic decisions that present ethical challenges and make approappte suggestions for effective and ethical decision making. In order to attain the prime objectives of this unit course on MGMT35200: strategic management, the university will devote the majority of its class time to the analysis and discussion of selected management and competitive strategy cases. Occasional lectures would also be given to students in order to elaborate on key theoretical models and frameworks. The university would post required course materials including lecture notes, slides, presentations, that would aid the memory of the students and impact or influence their decision making process in a better and effective way. Several case discussions and additional materials would also be influenced into the course module to make student more inspired toward this unit course and stay recent in the upcoming sessions as well. The work based task and practical application of their skills are specifically designed to offer evidence of competence results, within the scheduled time and demonstrate the required leadership skills by the students to amend changes and improvements accordingly. Thus, undertaking this course unit on MGMT35200: strategic management from this specific college would enable students in establishing or developing a high quality comprehension and understanding through appropriately guided sessions for different allocated tasks and assignments.