Term paper on strategic management
To the fearful it is threatening because it means that things may get worse. To the hopeful it is inspiring because things may get better. In this day and age businesses are faced with great challenges one in particular is becoming a profitable organization. In order for businesses to combat these challenges they must take risks and utilize strategic management to determine which direction the company will move.
This paper will attempt to discuss the primary components of strategic management and why it is used in a company. It is all about identifying and picturing the strategies used for better performance and gaining a competitive advantage for the corporation. Strategic management is used today to keep the corporations competitive in a volatile environment. You may also sort these by color ratingor essay length.TitleLengthColor RatingStrategic Management of Wal-Mart- Introduction Wal-Mart Stores Inc.
is in the discount, variety stores industry. It was founded in 1945, Bentonville in Arkansas which is also the headquarters of Wal-Mart. Wal-Mart operates locally as well as worldwide. It has also extended its operations to many international countries. Additionally the environment is a source of scare and valuable resources that organizations. depend on, but have to compete with other organizations for (Onywere, 2013).As such, strategic managers use external analysis to evaluate the threats and opportunities facing their organization, thereby creating adaptive strategies.
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