Sample Essay on:
Strategic Management

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Essay / Research Paper Abstract

An 8 page paper identifying three lessons in each of six areas of strategic planning. Those areas are strategic thinking, grand strategies, strategic road map, strategic plan, planners' challenges and practical examples of those challenges. Bibliography lists 7 sources.

Page Count:

8 pages (~225 words per page)

File: CC6_KSmgmtStratCases.rtf

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Unformatted sample text from the term paper:

limitations. This paper already is 3 pages longer than that ordered; order additional pages if you still want full answers. Introduction Strategic planning is the pre-implementation component of the process of strategic management that is so necessary to todays organizations. Competition in business has never been more intense, and the level of intensity only increases. Time has shortened as the world has shrunk in size, virtually eliminating any luxury of misstep that may have existed in the past. In todays business environment, it is necessary to identify opportunities, plan how to best take advantage of them and then implement those plans. Strategic Thinking Lesson 1. One of the givens in todays business environment is that change will occur. Acceptance of this attitude was difficult in past years, when a question of why something was done the way it was likely would be met with the mindless response of "Because weve always done it that way." This response can be found today as well, but most likely not in the most successful organizations. Lesson 2. Embrace change. James Champy (1998) of reengineering fame promoted rapid organization-wide change, effectively "blowing up" existing processes and plans in favor of designing and implementing totally new systems. Some organizations have taken this approach, and perhaps General Electric is the best-known example. GEs approach to business process redesign has been highly effective and turned the company around from lumbering behemoth to an efficient organization that can respond well to changing customer needs. Lesson 3. Approach change intelligently. Most organizations choose not to take such drastic ...

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