Strategic Management

Kingdom of Saudi Arabia Ministry of Education Saudi Electronic University College of Administrative and Financial Sciences Assignment 1 Strategic Management (MGT 401) Due Date: 13/07/2024 @ 23:59 Course Name: Strategic Management Student’s Name: Course Code: MGT 401 Student’s ID Number: Semester: Summer CRN: Academic Year:2023-2024 For Instructor’s Use only Instructor’s Name: Students’ Grade: Marks Obtained/Out of 15 Level of Marks: High/Middle/Low General Instructions – PLEASE READ THEM CAREFULLY • • • • • • • • The Assignment must be submitted on Blackboard (WORD format only) via allocated folder. Assignments submitted through email will not be accepted. Students are advised to make their work clear and well presented, marks may be reduced for poor presentation. This includes filling your information on the cover page. Students must mention question number clearly in their answer. Late submission will NOT be accepted. Avoid plagiarism, the work should be in your own words, copying from students or other resources without proper referencing will result in ZERO marks. No exceptions. All answered must be typed using Times New Roman (size 12, double-spaced) font. No pictures containing text will be accepted and will be considered plagiarism). Submissions without this cover page will NOT be accepted. Learning Outcomes: 1. Recognize the basic concepts and terminology used in Strategic Management. CLO-1 2. Describe the different issues related to environmental scanning, strategy formulation, and strategy implementation in diversified organizations. CLO-2 Assignment Question(s): Based on reading and understanding the basic concepts of strategic management in Chapter 01, answer the following: Q.1 What is ‘strategy formulation’? Explain your answer alongside a discussion of mission, vision and objectives of a local/ international company. (4 Marks) Q.2 What are benefits of strategic management for market competition? develop a discussion of these benefits alongside a local/ international example of a company. (3 Marks) Q.3 What is the impact of sustainability on business practice? Discuss with a suitable example. (3 Marks) Q.4 Define strategic flexibility and explain its implications. Why is organizational learning important to the long-term development of strategic flexibility of organizations that intend to enter overseas markets? (5 Marks) Use concepts from the Chapter in your textbook and at least three relevant academic sources to support and develop arguments for your answers. Answers 1. Answer Q.1 2. Answer Q.2 3. Answer Q.3 4. Answer Q.4