B. What is the importance of each of the six topics within your company?

After our readings over the past five weeks, you should have an understanding of the types of strategy, organizational culture, the pros and cons of different organizational structures, the elements of internal and external environments, and the types of risk a company may take. After reading the attached articles below, you then can incorporate how the strategy decisions affect the company.

Read the two articles attached about managerial economics.

Your essay will address these items:

A. Select a company from the 35 listed at the end of our text (Case Studies – pages 540-541). Do not use any company that you previously wrote about in previous classes. This must be original research. In addition to the information in your text, research this company using at least (2) outside scholarly articles. Do not use a website as a reference. Your reference source must have an author. Discuss six selected topics from our studies throughout weeks one through five. Discuss these six topics in relation to your company and discuss how the economic situation of today influences the strategic decisions your company is making. Each of the six topics discussed should be in bold print. For example, one topic you may choose may be how your company handles competition (Five Forces Framework). Another topic may be your company’s organizational structure and why they have the structure they have. You may choose to discuss your company’s strategic grouping or value chain. Choose your topics and explore them in detail throughout your paper.

Give examples using the terms and concepts in your textbook readings and your research articles.

B. What is the importance of each of the six topics within your company?

C. What is the usefulness of understanding this topic in today’s corporate structure?

D. Through what strategies does your selected company choose to excel over other strategically grouped companies. For example, what strategies does Apple choose that keeps it on top?

MODEL ANSWER

Strategic management is a critical element to the success of any enterprise as it helps such an organization to meet its goals and objectives. Apple is one such company that has had to rely on its strategic management strategies to remain competitive in the market. The company started as a small computer firm but rose to great prominence some years into the market albeit with great challenges and obstacles that the company had to contend with. Under the leadership of Steve Jobs, the CEO, Apple has been able to revamp itself in the changing technology industry. By coming up with new innovative products, the company has been able to live up to the expectations of the market as will be discussed in this strategic analysis.

How Apple Handles Competition Like in any telecommunication industry, Apple has faced a lot of competition but yet managed to live up to the very competitors in the market. There are numerous strategies that the company has used to have an advantage over other companies such as Samsung. The first competitive advantage is that the company has…