Simply stated strategic management is a set of managerial decisions and actions that help determine the long-term performance of an organization, and a strategy is a comprehensive approach of how an organization will achieve their mission objectives. Now that you have had time to digest basic principles and concepts of strategic management over the past five modules, you should be able to explain strategy in your own words.
Identify one positive and one negative strategy your strategic audit company is currently using and how it is impacting them as an organization. Then explain why you believe these two strategies are good or bad.
Reply two at least two other students’ postings by assessing the positive and negative strategies they’ve identified.
Please post the answer to the original question at least two days before the end of the module, to allow time for your classmates to reply to your posting (as per the grading rubric). Example: if the module ends on Sunday night, post your answer to the question before Saturday. Replies to the other students are encouraged throughout the week.
Review the Discussion Guidelines page for additional details for discussion activity requirements.
Review the Discussion Rubric for additional grading criteria.