Strategic Management

Case study One

Describe and discuss the role, importance, and key features of the strategic management process

Strategic management majorly entails formulation and implementation of goals and initiatives agreed upon by the top-level management in an enterprise. From the case study on the Suez Canal blockage, the significant strategic management strategy was just-in- time. Just-in -time strategy was to shorten the supply chain channel of product delivery from the manufactures to consumers. The main role of the strategy was to help manufactures reduce cost of holding products within the warehouse and maximize on the profits (Frazele, 2016, 45). Therefore, the amount saved was to be signed out to shareholder in form pf a dividend. The case study indicates that the main features of strategic management include a goal-oriented process since just-in -time ensured that all functions of the business are carried out efficiently. Additionally, strategic management helped in identification of the strengths, weaknesses, threats and opportunities for example the blockage of Suez Canal led to disruption of the whole supply chain process leading to delays in the product delivery.

Identify and critically assess the factors that influence an organization’s internal and external operating environment

Strengths and weakness are the key features that influence the internal environment of an enterprise. While external factors that influence the operation of an enterprise include the threats and opportunities. From the case study, internal factors include company resources that help the company to achieve its set goals and objectives. They include the company profitability, product brand quality and employee capabilities (Bashir and Verma, 2019, 24). Weaknesses are factors that may affect the success of the business such as the blockage of the Suez Canal which led to disruption of the supply chain leading to delay in product delivery. Threats and opportunities are factors that may affect the business either positively or negatively and they may include technology, customers and the level of competition.
Critically assess the different business models/frameworks that organizations use to gain a competitive advantage

The use of porters five force model is ana essential tool that organizations can use to assess competitive advantage in the market. This can used in the case study where there was a shift consumer spending from gym and restaurant. This led to an increase in the cost of shipping of containers from China to the US as a result of COVID 19. The use of porters five force tool can be helpful to identify the robust change in consumer attitude and entry of new competitors in the market.
Apply strategic management theories and practices to contemporary business scenarios

The use of systematic management theory in planning and the overall management of the organization. Firm can use these theories when making new plans for the business to attain competitive advantages in the market
Outline techniques for identifying and acknowledging the key stakeholders to the organization’s strategy and a means to communicate strategy effectively to these stakeholders describe

Evaluation of key influencers within the company. This are the individuals who contributes towards the overall functioning of the organization. The most effective way of communication is through open meetings as well as emails and phone calls.

Discuss the role of strategic leadership and good governance.

Good governance and strategic leadership play the following roles in an organization. First, it helps in talent transformation as it brings out the best among the team members for the benefit of all. Second, it promotes illumination and inspirations among the team members. It defines and design direction to enable the team to reach their goals. Finally, it leads to recognition of effective leadership through imposition of good morals and responsibilities.

Case study Two

Describes and discuss the role, importance, and key features of the strategic management process

The case study tends to find a solution to address the issues affecting horses during the race. Strategic management as perceived by Dr. Tweissi was to ensure that conduct drop test before the horses resuming competition. The was to help ensure that all the horses were in good health condition before they begin the race to avoid collapse during the race. The main importance of strategic management in this case was to enhance effective leadership in horde racing. This could be done through effective training on horse trainers as well proper execution of new plans. 
Identify and critically assess the factors that influence an organization’s internal and external operating environment

From the case study the internal factors health condition of the horses, ability of the trainers to effectively train the horses for successful racing events as well as availability of resources to sustain horse racing events. On the other hand, the external factors include the level of competition, government regulations and social and economic conditions that influence the racing events. These factors can positively and negatively affect the operation of horse racing event in various ways. For example, if the government policies support horse racing as for the case of UAEERF, the operation will be more successful leading to more income form the race.   
Critically assess the different business models/frameworks that organizations use to gain a competitive advantage

From the case study the use of SWOT analysis can be used to analyze the strengths, weaknesses, threats and opportunities in order to realize areas to improve on to gain competitive advantage in the market.
Apply strategic management theories and practices to contemporary business scenario

Resource based model is effective strategic management theory for example effective management of finances and the horses. This will ensure that the organization has a proper outline of how they manage their resources.
Outline techniques for identifying and acknowledging the key stakeholders to the organization’s strategy and a means to communicate strategy effectively to these stakeholders describe

The methods that can be used to identify stakeholders in an organization is through analysis and evaluation of the key influencers within the company in terms of decision making and operations of the firm. They can include employees such as the horse trainers and managers as such Dr. Tweissi who ensures that all policies are in place and the ensures smooth operation and health of the horses. The most effective way of communication is through open meetings where everyone is given an opportunity to hair out their opinion.

Discuss the role of strategic leadership and good governance.

The role of good governance and strategic leadership is inspiration of the team members towards achieving their goals which leads to effective performance of the organization towards attainment of the set goals and objectives (Mubarak and Yusoff, 2019). When team members are inspired, they will be motivated to work towards the set goals and objectives of the company.

Case Study Three

Describe and discuss the role, importance, and key features of the strategic management process

The strategic management in this case study is the simultaneous releases of movies slates in the entire 2021. This is to ensures that all then movies are produced in a systematic manner as opposed to how it used to be done. It will have significance on profit and cost maximizations for Warner Bros within the industry (Aljuhmani and Emeagwali, 2017, 23). The key features of the new strategy implemented by Warner Bros is that it is goal oriented as they have certain target they want to achieve through the help of the strategy. Moreover, it requires effective decision making before it is released to ensure effective outcome.
Identify and critically assess the factors that influence an organization’s internal and external operating environment

The essential internal factors that may affect the operation of Warner Bros includes the company resources such as the films, video production equipment as well as employees and managers who controls the full operation of the company (Karanges et al., 2015, 130). External factors include the customers who buys out the movies and watch and also the investors willing to invest in the company (Burke and Noumair, 2015, 23). Additionally, Social factors such as cultures and norms of the society can also affect the operation of the organization either positively or negatively,
Critically assess the different business models/frameworks that organizations use to gain a competitive advantage

The use of SWOT analysis can help the Werner Bros to evaluate its strengths which are the factors that makes it to be more competitive in the market. The company can also evaluate weaknesses to make effective decision on how to improve on the weaknesses to attain competitive advantage (Vlados, 2019, 23). Threats are the factors that can expose the company to be less completive thus through SWOT analysis Werner Bros will be able to identify the threats, address them and be more competitive (Abdel-Basset, Mohamed and Smarandache, 2018, 116).  Finally, through identification of the opportunities that can help the horse racing company to be more competitive in the market (Blockeel et al., 2016, 695). This will also help the company to identify new market opportunities to be ahead of its competitors

Apply strategic management theories and practices to contemporary business scenarios

The use of resource-based model. It can be useful as it analyzes the how strategic management can be used to ensure that the company resources such the horses are well treated for the racing events (Correa, Pavez and Contreras, 2017, 764). Therefore, it indicates how the organization can as well attain sustainability.
Outline techniques for identifying and acknowledging the key stakeholders to the organization’s strategy and a means to communicate strategy effectively to these stakeholders describe.

The technique that can be used to identify stakeholders of a firm is through analyzing ad evaluating the key decision makers and influencers within the organization. They may include the managers who make daily decision and policies and the employees who works towards attaining the firm goals and objectives (Hawrysz and Maj, 2017, 1609).  These are individuals who have the interest of the organization at heart.
Discuss the role of strategic leadership and good governance.

Strategic leadership and good governance help in talent transformation which help team members to realize their potential capabilities and abilities. This contributes towards effective performance within the organization (Kiarie and Mina, 2013, 85). It is also a source of inspiration to team members thus they become motivate in their line of duties.

Bibliography

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Hawrysz, L. and Maj, J., 2017. Identification of stakeholders of public interest organisations. Sustainability9(9), p.1609.

Correa, T., Pavez, I. and Contreras, J., 2017. Beyond access: A relational and resource-based model of household Internet adoption in isolated communities. Telecommunications Policy41(9), pp.757-768.

Vlados, C., 2019. On a correlative and evolutionary SWOT analysis. Journal of Strategy and Management.

Abdel-Basset, M., Mohamed, M. and Smarandache, F., 2018. An extension of neutrosophic AHP–SWOT analysis for strategic planning and decision-making. Symmetry10(4), p.116.

Blockeel, C., Drakopoulos, P., Santos-Ribeiro, S., Polyzos, N.P. and Tournaye, H., 2016. A fresh look at the freeze-all protocol: a SWOT analysis. Human reproduction31(3), pp.491-497.

Blockeel, C., Drakopoulos, P., Santos-Ribeiro, S., Polyzos, N.P. and Tournaye, H., 2016. A fresh look at the freeze-all protocol: a SWOT analysis. Human reproduction31(3), pp.491-497.

Karanges, E., Johnston, K., Beatson, A. and Lings, I., 2015. The influence of internal communication on employee engagement: A pilot study. Public relations review41(1), pp.129-131.

Aljuhmani, H.Y. and Emeagwali, O.L., 2017. The roles of strategic planning in organizational crisis management: The case of Jordanian banking sector. International Review of Management and Marketing7(3).

Frazelle, E.H., 2016. World-class warehousing and material handling. McGraw-Hill Education.

Bashir, M. and Verma, R., 2019. Internal factors & consequences of business model innovation. Management Decision.

Mubarak, M.F. and Yusoff, W.F.N., 2019. Impact of strategic leadership on strategy implementation. British Journal of Management and Marketing Studies2(1), pp.32-43.