Assignment 2 Individual Reflection to the module of Strategic Essay

Assignment 2 Individual Reflection to the module of Strategic Management - Essay Example ective of this model is that it gives the future consultants tools set for adaptation to reforming imperatives and managing changes (Ackermann & Eden 1998). Strategic management is the process meant to draft, implement and evaluate functional decisions that enables an organisation to achieve its long term goals. Ackermann & Eden (1998) states that strategic management involves the mission, vision, objectives as well as policies designed to achieve these set objectives. This model has got various theories and model. These include; Porters five forces. These forces determine the competitive intensity and attractiveness of the market. To begin with we look at the threat of new competitors. In a market situation especially a profitable one, may result to high output that attracts investors and therefore decrease the market share. To deal with this problem, a manager needs to set up objectives and strategies that will maintain their customers. These strategies may include customer loyalty. Another force is the rivalry between existing firms. This is where firms operating on the same level compete for market share and profitability (Ackermann & Eden 1998). Managers set up strategies based on price, quality and innovation of brand names. Competition can mostly be avoided through technological progress. Bargaining power of buyers is also categorised in the porter’s five forces of strategic management. It can be defined as the ability of the buyers to make the firm run under pressure. It also involves the bargaining power of suppliers and the threats of substitutes that affect a market situation. In reference to the above models, I think the perceived strengths would be insisting on customers’ royalty. This is because the customer will always be right. If this objective is enhanced then there will be increase in market share as well as firm’s output. The weakness of practicing this model is that most firms would not afford raw materials such as capital to influence

Job Cover Letter Essay Example | Topics and Well Written Essays - 500 words

Job Cover Letter - Essay Example Having handled mostly managerial positions, I have developed the skill in influencing people, making short-term decisions which is in line with the long-term strategy of the business organization, manage people, and ensure the efficient operation of the unit. As a person, I have an ardent commitment to excel in everything I do and the motivation to give my very best. I believe that my acquired skill from my disciplines together with my previous experiences satisfy the minimum requirements of the job. However, I am also very willing to learn and gain the knowledge and skills which are required to be most efficient. I am confident that I am qualified for the position and can make significant contributions to the continued success of your organization. I am very willing to furnish you with any additional information in order to pursue my application. For further queries, please contact me anytime. I will also be calling after three days to follow up my application.