STRATEGIC MANAGEMENT Assignment Example | Topics and Well Written Essays - 3000 words

STRATEGIC MANAGEMENT - Assignment ExampleIt involves in causeing policies and fulfils organisational objectives. The organisations develop many framework and models based on the competitive and complex environment to develop strategical management system. It is not static in nature. It keeps on changing with the market scenario. The models in the strategic manage sometimes included a loop for giving feedback for monitoring the plan and developing the following level of plan. It helps to develop a systematic co ordination, mission, and vision of the affair. It transforms plans into system which provide performance and feedback percentage in the growth of the business. In this case study a large telecommunication company is employ namely Apple. The company has developed many new products and has used its strategies very efficiently that the businesses generate supreme revenue from that. Although Apple is successful and world(a)ly renowned brand, but the strategy they break used for their business in line of vision is quite different with respect to other telecommunication companies. The strategies of Apple have been analysed of the basis of models like McKinseys 7-S Framework, Porters Generic Strategies, and Porters Diamond Strategies to understand their way of thinking.Where is thither are lot of firms in existence in todays market place save few can call themselves to be profitable and the rarest of rare can enjoy a global position, recognition and aura around them as Apple. Although there are many factors that determine the success of whiz company and failure of another selecting an effective strategy may be termed as the first quality (Tallman, 2010). Porters generic Strategies go on to describe how a company applies a exceptional strategy to establish its competitive advantage over its rival. According to Porter there are 3 types of generic strategies Lower cost, Differentiation and focus.The