Neil Ritson Corporation Case Study Strategic Management

Strategic management

It is systematically planning which use the vision of organization leaders and step by step planning, which will help the manager to manage planning and achieve the goal and successful of the business. Strategic management will be the tools of the manager for respond to the changing of environment of the organization, which it will give precedence to strategic decision making and it will effect to the long term of organization plan.

The manager has to try to understand strategic and learn the strategic management from other company that use strategic management and they are also got success from it, which it will make the manager known about the benefits of the strategic management and they can also applied it to use in

Threat of substitute products or services.

4. Bargaining power of suppliers.

5. Jockeying for position among current competitors.

(Neil Ritson, 2017, p.38)

1. It will be the threat of the organization; it will reduce the market share, so the organization needs to plan to build brand awareness and also build strong customer relationship.

2. The organization needs to plan to build high value of product to satisfy the customer and it can prevent the bargaining of customer.

3. The organization has to produce the product that can substitute other produce ex. produce bread and rice.

4. The organization needs to consider of the bargaining power to the supplier or they can group with other company to increase the bargaining power.

5. The organization need to consider to the competition in their market and also consider the value of the investment.

Step 3: Analyze the internal. It will get strength and weakness of the organization, which can use to estimate the trends of management. For the analysis can do it by Critical success factor, Value chain, Core business process, which can make the organization have specific activities.

Critical success factor can make it by analyze the position of the organization in the market, usual environment,

The manager has to formulate the strategy that most appropriate with the organization. The manager also needs to consider of 3 mains thing, which are corporate strategy, business strategy, operational strategy.

Corporate strategy is strategy that tells the overall processes such as which way the organization will go, how to manage, how to distribute the duties.

Business strategy is strategy that focuses at the competition, the value of product, improving profitability, growth of organization.

Operational strategy is strategy that focuses on building strategy of employee, which under the organization strategy.

Step 5: Take the strategic into action. For the highly performance, the organization has to distribute the duties to all department, the strategic also has to appropriate with their duty too, which strategic goals will be divided into sub-goals before sent it to the departments.

In this step, the employee has to truly understand the strategic, which can achieve the goal of organization.

Step 6: For the evaluating, the organization has to make the criteria and standards for evaluate the result. Every organization will have different criteria and standards, which it depend on different