bmgt495 week 8 learning activity 1 & 2 latest 2017 july

Week 8 learning activity

General instructions:

Research, apply and answer in your own words with appropriate reference(s) and in-text citation(s) to this week’s readings, videos, and/or examples from current events to support the position and/or rationale.

Label your responses specifically “Learning activity 1”, and “Learning activity 2”.

Write in 250 words at least for initial response. Due Thursday.

Write in 75 words for each follow-up response (at least 2 follow-up responses for each activity) due Sunday by expanding the discussion topic substantively and explore other possibilities and/or solutions, thereby enriching class learning.

Each week there are 2 learning activities. Each learning activity requires 1 initial response, and 2 follow-up postings. Hence, for 2 learning activities of each week, 2 separate initial responses and 4 follow-up postings in total are required to meet the discussion requirements.

Week 8 Learning Activity 1

The ultimate goal of effective strategic management is to achieve and maintain a competitive advantage. According to Professor Stanley Abraham, “strategic management is nothing less than steering and managing a company to be successful over time – not just for the next quarter or year, but for the long term.” (2012, Sec. 1.1, p.2)

Over the past 7 weeks, we have spent time in understanding the fundamentals of strategic management: formulation, implementation and evaluation. Although not a guarantee for success, strategic management allows organizations to make effective long-term decisions, to execute those decisions efficiently, and to take corrective actions as needed to ensure success. (David, 2005, p.328)

As you think over the learnings of the past 7 weeks and 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 by using APA formatted scholarly references and in-text citations.

References

Abraham, S. (2012). Strategic management for organizations. San Diego, CA: Bridgepoint Education.

David, F.R. (2005). Strategic management: Concepts and cases.(10th ed.). Upper Saddle River, NJ: Pearson/Prentice Hall

Week 8 Learning Activity 2

What was your “aha moment” regarding the strategic management process over the past 7 weeks? Again, there is no right or wrong answer, but please explain why you thought this moment of learning was so critical to your overall understanding of strategic management.

You are expected to justify your answer by using APA formatted scholarly references and in-text citations.