Learning Activity #1: Individual
The ultimate goal of effective strategic management is to achieve and maintain a competitive advantage (David, 2013). Over the past weeks, we’ve spent time understanding the fundamentals of strategic management: formulation, implementation, and evaluation. As you think over the learnings of the past weeks and the goal of achieving and maintaining a competitive advantage you must also think about effective decision making, which is critical to an organization’s success.
In your opinion, what is the single major benefit of using a strategic management approach to decision making? There is really no right or wrong answer, however, please support and justify your answer using APA formatted references.
Learning Activity #2: Individual
Aside from the linear strategy/ classical strategy which learned about in this class forward-thinking companies in the 21st century’s VUCA global business environment are opting to pursue “relatively newer” strategies such as adaptive strategy, ambidextrous strategy, etc. How likely are you to embrace and recommend these relatively newer strategies to your organization? Present substantive supporting argument(s).
Mastering Strategic Management- See attachment