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Strategic management is the management of an organization’s resources to achieve its goals and objectives. Strategic management involves setting objectives, analyzing the competitive environment, analyzing the internal organization, evaluating strategies, and ensuring that management rolls out the strategies across the organization. Strategic management is divided into several schools of thought. A prescriptive approach to strategic management outlines how strategies should be developed, while a descriptive approach focuses on how strategies should be put into practice. These schools differ on whether strategies are developed through an analytic process, in which all threats and opportunities are accounted for, or are more like general guiding principles to be applied. For example, a for-profit technical college wishes to increase new student enrollment and enrolled student graduation rates over the next three years. The purpose is to make the college known as the best buy for a student's money among five for-profit technical colleges in the region, to increase revenue. Strategic management is the process of setting goals, procedures, and objectives to make a company or organization more competitive. Typically, strategic management looks at effectively deploying staff and resources to achieve these goals. Often, strategic management includes strategy evaluation, internal organization analysis, and strategy execution throughout the company. In business, strategic management is important because it allows a company to analyze areas for operational improvement. In many cases, they can follow either an analytical process, which identifies potential threats and opportunities or simply follow general guidelines. Given the structure of the organization, a company may choose to follow either a prescriptive or descriptive approach to strategic management. Under a prescriptive model, strategies are outlined for development and execution. By contrast, a descriptive approach describes how a company can develop these strategies.
Strategic management requires both theories as well as skills knowledge and the code has the perfect blend of it. The current code is associated with Grand Canyon University.
Location – Phoenix / Arizona
Study level – Post-graduation
Unit code – MGT660
When it comes to delivery of the MGT660 assessment answers the university has offline as well as online methods. The university has a student portal that students can access from anywhere at any time for various kinds of tasks. All student material will be available online once the respected faculty members upload it online on the portal and students can access it all the time. There are discussion forums where students can discuss relevant matters for growth and development by sharing each other’s views and knowledge as peer support is important and peer learning is effective. There will be plenty of practice examinations and case studies available on the portal for the students to follow or to practice at any given point in time so that they can improve find their flaws and work on development. Also, the students can raise a request for extra classes or remedial classes that will be later reviewed by the university, and later a class will be scheduled for the student. The university has managed to implement the feature of having an e-library that will give the students access to a wide variation of e-books and journals all of which are relevant to their subject of study so that they can get all the needed Assignment help.
The university aims at using case studies and exercises where current existing companies are used so that students can relate better and have access to better data. Some of the most important things that the MGT660 solutions will touch upon are:
Throughout the MGT660 assignment answers, the students will have to make various strategic plans based on situations that will be provided by the professors these plans must come with recommendations and justifications to support the planning. The detailed planning training will be done to make the students ready for the real-world job scenario as they must have an idea of what the organizations may expect to form them in terms of planning and execution of strategic management.
When it comes to the weightage of the course, managers are required to be punctual. And it is an important aspect of any management. Hence the university has given 10% weightage to the attendance criteria. Then comes the mid-term exam that will include all chapters taught in the first half of the Course MGT660 task answers. This will have 20% weightage. This will follow the traditional format of questions and answers. Students will be given a set of questions that they have to answer and they are expected to complete within the allotted time. Then there will be the final term examination that will have 30% weightage. This will include every chapter taught in the module. They will follow the traditional format of questions and answers but also they will have case study analysis included. Then there will be 20% weightage given to the report writing project which will be a case study analysis where a specific situation will be given and the company along with the data will be realistic so that students can relate. They will have to strictly follow the word count and formatting criteria’s which will be later discussed further by the faculty. The last 20% weightage will be given to the second project. This will be a group project where they have to discuss and recommend solutions to fix certain challenges in an organization that will depend on a case study that will be given by the faculty. The students will be graded based on their participation and contribution to the project. Not only will they have to finish the report but they have to make a PPT and each student has to be involved in the presentation.
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