Strategic Management Assignment Help
The issue relating to strategic management assignment in the branch of MBA study comprises the planning and execution of key objectives and activities that are stipulated by the management of a business group, taking into consideration the internal and external environment of the company. As per MBA Assignment Help, The importance of this subject MBA is related to the identification of the crucial objectives of the company, formulating the policies to achieve the related objectives, and assigning the necessary resources for the execution of the plans. The two aspects of strategic management in an organisation are related to the Formulation and Implementation of the strategies planned by the organisation.
Planning of the strategies
During the planning of the strategies, a detailed study related to the operational sector of the organisation is carried out. After that, a series of strategic future activities are considered for the progress of the business group. The multiple numbers of methods of analysis are activated for the valuation of the environment of the organisation as stated below :
- Porter’s five forces,
- PESTLE,
- Benchmarking,
- SWOT analysis, etc.
By application of the above, corrective measures for some of the important plans are taken up. These measures are listed as short-term measures and as long-term objectives and valuation the same.
Implementation of the Objectives Planned
In this assessment, the measures that should be taken to achieve the objectives planned in the previous stage are listed. Every shareholder of the organisation must be involved in the planning activity. This involves the preparation of a strategic route map that is considered as the key issues like :
- market,
- operations,
- finances,
- work environment, etc.
The above issues direct them to the achievement of the resolution. Here, generally, Balance scorecards are considered and utilized to fix the vision of the organisation, and thereafter, a detailed shareholder analysis is implemented.
Strategic Management Essay Help For MBA Students
While implementing strategic management activities, essays are given to devising a full-proof marketing plan. The majority of such subject assignments are divided into two categories.
In the first part, internal and external analyses are carried out on the organisational status. In the second part by means of applying information collected in the first part are utilised to implement marketing strategies.
The ways of improvement of marketing strategies:
Critical analysis: By means of the study of marketing rubric identified at such assignment as follows :
- critical analysis,
- interpretation of the test,
- data analysis was done to formulate strategic directions and
- implementation of objectives using tactical actions
Therefore, the main action should be effective evaluation tools for the formulation of strategic decisions and implementation. A strong grip on the strategic management concepts and framing the same so that this portion of the assignment is planned in an organised manner. A student should acquire in-depth knowledge about the strategic management process. It is necessary to concentrate on some salient points for maximising your work-related contribution while framing a strategic management assignment document.
First pressure point
PESTLE, SWOT analysis, and Porter’s forces are known as the best procedures for analysis of the organisational status in a specific order of strategic assignment.
PESTLE analysis is not a separate evaluation but is based on the specifications prepared while conducting a SWOT analysis. It contributes to a base for SWOT analysis. It is used to identify so many factors like :
- political,
- economic,
- social,
- technological,
- legal and
- environmental factors.
This analyses the benefits, one is to conceptualise and point out the external issues that affect a certain organisation both positively and negatively.
Strategic Management Analysis Help – PESTLE by No 1 Assignment Help
After the SWOT analysis is completed, the PESTLE analysis is carried out both in the internal and external work environment of the organisation. This is done to evaluate the status of the company. It presents an outline of the following :
- strengths,
- weakness,
- opportunities, and
- threats the company is facing.
Benefits of the SWOT analysis
This evaluation helps to gain an understanding of the strengths and weaknesses and hence creates weaknesses while increasing the stronger aspects of the company.
After this activity, Porter’s five forces activity may be conducted to determine the magnitude of competition in a business organisation and its level of profitability.
Porter’s five forces in strategic management assignment
The reasons for competitive pressure in an organisation are evaluated by the five key components of Porter’s methodology. By conducting Peters’ analysis, students can explain the reasons why the company can maintain profitability evaluation.
Second Pressure point
After the valuable objectives from the outcomes of the analyses are conducted, you have to focus on how these objectives are to be implemented. The most widely applied methods are as stated below :
- implementation of strategy
- budgeting,
- preparing a balanced scorecard,
- apply the Ansoff matrix, etc.
The importance of a balanced scorecard is to present the business activities to the vision of the organisation. The A balance clarify four issues to the management:-
- The organisation considers the way and means of customers
- Identifies the area in which the organisation should proceed
- The answer to the ability of the company to improve and generate organisational value
- An approach towards the shareholders
- implementation of management strategy
After the Business score is generated, a detailed shareholder Analysis should be implemented to realise the impacts of the decisions on the organisational activity by prime shareholders. Shareholder Analysis comprises of:-
- Identification of stakeholders
- Analysing the position of the company
- Project assessment of each stakeholder
- Assessment of mismatching of opinions and areas of clash of opinion in decision-making
- Assessment of the similarity in interest
- Assessment of requirements to influence the view and approach of the shareholders
Stakeholder Analysis
Mistakes in preparing strategic management analysis assignments: Analysis of such a paper can make the possibility that the student will end up with the wrong result due to a lack of knowledge about its method of operation.
It may happen while conducting PESTEL analysis that a student commits the normal mistake of providing an impracticable target, concentrating on only one category, etc. Ignore a single component that may lead to a false outcome.
A great effort and talent are necessary to conduct strategic analyses and a little mistake may make the student arrive at a false conclusion. It may ultimately result in a poor grade for the student. Since the student does not know the subject, you require an MBA Assignment writing help from our Assignment Help service provider.
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