Task Details: Students are to research and identify three different approaches to strategic...

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Task Details: Students are to research and identify three different approaches to strategic management, and compare and contrast them, particularly focusing on suggested benefits, implementation issues and limitations. Students should include “Sustainable approach” as one of three approaches. Students should identify at least one organisation where each approach has been implemented, and evaluate the success of the approach. Students should draw some supported conclusions as to the viability of each approach, and present their research, analysis and conclusions in a professionally presented report.

MGT302 Assessment 2 Assessment Type: Research Project – 2500 + 10% word report – Individual Assessment Purpose: This assessment is designed to allow students to research current alternative theoretical approaches in strategic management, and evaluate them in terms of suggested benefits, but also identify and explain their limitations. This assessment relates to learning outcomes a, c, d and e. Value: 30%Due Date: Week 10 5.00 pm Friday. Submission: Upload a soft copy – Word .doc or .docx – to Moodle and Turnitin Topic: Alternative Approaches to Strategic Management Task Details: Students are to research and identify three different approaches to strategic management, and compare and contrast them, particularly focusing on suggested benefits, implementation issues and limitations. Students should include “Sustainable approach” as one of three approaches. Students should identify at least one organisation where each approach has been implemented, and evaluate the success of the approach. Students should draw some supported conclusions as to the viability of each approach, and present their research, analysis and conclusions in a professionally presented report. Potential approaches that students can choose from include: · Sustainable approach · Stakeholder approach · Sequential approach · Hierarchical approach · Incremental and interactive approach · Agency theory · Industrial Organizational approach · Sociological approach · Organizational change approach Research requirements: Students need to support their analysis with support from the text and a minimum of 10 suitable, reliable, current and academically acceptable sources – this should include at least 4 academic journal articles. Students should demonstrate an understanding of the validity of other sources and the information gained from them, e.g. the information found on a corporate website is only like to present the positive elements. The articles in Section 2.9 above may be used if relevant, but better research marks will be awarded to students who do their own independent relevant research. Presentation: 2500 + 10% word report format – Word .doc or .docx. Title page, table of contents, executive summary, introduction, suitable headings and sub-headings, recommendations/conclusion, reference list (Harvard – Anglia style), attachments if relevant. Single spaced, font Times New Roman 12pt, Calibri 11pt or Arial 10pt. Marking Guide: Analysis30% Research – extent and application30% Findings/conclusions20% Presentation20% Total mark will be scaled to a mark out of 30 MGT302 A2 GUIDETHIS IS A GUIDE ONLY – YOU HAVE TO DO THE RESEARCH AND PUT IT TOGETHER From our discussion in today’s tutorials. You do what suits you! Make sure you put the page numbers on the table on content and each page. Good luck Suggested/Possible research 2,500 words Title Page Name (A capital Letter for your first and Last name!), The Name of the Assessment and your Tutors Name (Catherine Lewis) Executive summary (60 words) Background, Purpose, Main issues, Recommendation Table of Content 1. Introduction Paragraph 1: A brief the 3 Approaches 100 words. (about 200 words) Word count starts here Paragraph 2: A brief on what you’re doing in the report 100 words. 2.Sustainable approach (700 words) 2.1 History 2.2 Suggested Benefits 2.3 Limitations 2.4 An organisation for an example 3 _________________approach? (700 words) 3.1 History 3.2 Suggested Benefits 3.3 Limitations 3.3 An organisation for an example 4 ________________approach? (700 words) 4.1 History 4.2 Suggested Benefits 4.3 Limitations 4.4 An organisation for an example other approaches – Sequential approach, Hierarchical approach, Incremental and interactive approach, Revolutionary approach, Resource based view, Agency theory, Industry leadership etc. 5 Conclusion (about 100 words) Word count finishes here 6.Reference List 7.Appendix References 10 Harvard Online Guidelines – Right side of the course page called Quick Guide MGT 302 A 2 GUIDE From our discuss ion in today’s tutorials. You do what suits you! Make sure you put the page numbers on the table on content and each page. Good luck Suggested /Possible research 2,500 words Title Page Name (A capital Letter for your first and Last name!), The Name of the Assessment and your Tutors Name (Catherine Lewis) Executive summary ( 6 0 words) Background, Purpose, M ain issues, R ecommendation T able of Content 1. Introduction Para graph 1: A brief the 3 Approaches 100 words . (about 2 0 0 words) Word count starts here Paragraph 2: A brief on what you’re doing in the report 100 word s . 2. Sustainable approach (700 words) 2.1 History 2.2 Suggested Benefits 2.3 Limitations 2.4 An organisation for an example 3 _________________ approach ? (700 words) 3.1 History 3.2 Suggested Benefits 3 .3 Limitations 3.3 An organisation for an example 4 ________________ approach ? (700 words) 4.1 History 4.2 Suggested Benefits 4.3 Limitations 4.4 An organisation for an example other approaches – Seque ntial approach, Hierarchical approach, Incremental and interactive approach, Revolutionary approach , Resource based view, Agency theory, Industry leadership etc. 5 Conclusion (about 10 0 words) Word count finishes here 6. Reference List 7. Appendix References 10 Harvard Online Guidelines – Right side of the course page called Quick Guide THIS IS A GUIDE ONLY – YOU HAVE TO DO THE RESEARCH AND PUT IT TOGETHER MGT302 A2 GUIDE From our discussion in today’s tutorials. You do what suits you! Make sure you put the page numbers on the table on content and each page. Good luck Suggested/Possible research 2,500 words Title Page Name (A capital Letter for your first and Last name!), The Name of the Assessment and your Tutors Name (Catherine Lewis) Executive summary (60 words) Background, Purpose, Main issues, Recommendation Table of Content 1. Introduction Paragraph 1: A brief the 3 Approaches 100 words. (about 200 words) Word count starts here Paragraph 2: A brief on what you’re doing in the report 100 words. 2. Sustainable approach (700 words) 2.1 History 2.2 Suggested Benefits 2.3 Limitations 2.4 An organisation for an example 3 _________________approach? (700 words) 3.1 History 3.2 Suggested Benefits 3.3 Limitations 3.3 An organisation for an example 4 ________________approach? (700 words) 4.1 History 4.2 Suggested Benefits 4.3 Limitations 4.4 An organisation for an example other approaches – Sequential approach, Hierarchical approach, Incremental and interactive approach, Revolutionary approach, Resource based view, Agency theory, Industry leadership etc. 5 Conclusion (about 100 words) Word count finishes here 6. Reference List 7. Appendix References 10 Harvard Online Guidelines – Right side of the course page called Quick Guide THIS IS A GUIDE ONLY – YOU HAVE TO DO THE RESEARCH AND PUT IT TOGETHER

mgt302-strategic-jca2fuop.docx grant-bulter-strategic-mgt-approaches-ng4s21vz.pdf wit-strategic-mgt-approaches-vf35n104.pdf hubbard-strategic-mgt-approaches-swqqkdzk.pdf a2-guide-51icrs2x.docx

Moumita · Accepted Answer

ALTERNATIVE APPROACHES TO STRATEGIC MANAGEMENT
Executive Summary
The importance of strategic management in the organisation is the undeniable factor. The major tool of the strategic component is being discussed in the assignment for the better knowledge of the entire process. The purpose of approaches is to elaborate the necessity of implementing the approaches in the set up for the development. The multinational companies who have sustained in the market utilised the strategic approaches for better governance. However, there are certain flaws present in these approaches, which are also discussed. However, the benefits are worth much greater than drawbacks.
Table of Content
1. Introduction	4
2. Sustainable approach	4
2.1 History	5
2.2 Benefits	5
2.3 Limitations	5
2.4 An organisation for an example	6
3 Resources based view approach	6
3.1 History	6
3.2 Benefits	6
3.3 Limitations	6
3.4 An organisation for an example	7
4 Hierarchical approach	7
4.1 History	7
4.2 Benefits	7
4.3 Limitations	8
4.4 An organisation for an example	8
5 Conclusion	8
6. Reference	8
1. Introduction 
The concept of strategic management in the simplest form can be defined as the tool with which the organisation manages its resources in an effective manager. Strategic management deals with several tools ensure the growth of the company. Some of the areas that come under strategic management are setting up of the clear objectives, the proper analysing of the competitive market along with the internal environment of the organisation. The strategic management tool deals with the formation of the business strategy for the organisations based on the present and probable future condition. While dealing with strategic management there are several theories and approaches.
This assignment has focused on the three approaches of the strategic management to deepen the understanding of the concept. The three approaches that are focused in this assignment are sustainable approach, hierarchical approach and resource based view. The detailed discussion of the three approaches is done in this assignment. The benefits of the three approaches in the business and their limitations are also highlighted in this assignment. Lastly, the organisation is identified for each of the three approaches who employed these approaches in their strategic management. The impact of using such approaches is mentioned as well. 
2. Sustainable approach 
The sustainable approach of managing the organisation is the idea twitch explains the usage of the resources that are needed for the business but without harming the future generations. The sustainable approach of managing the company not only ensures that the resources are not exploited for the development of the company but it also ensures that the business runs as smoothly as possible (França et al., 2017). The sustainable approach of managing the organisation has a long-term effect on the business. It ensures that the company exits in the market for the longest period. While dealing with the sustainable approach of managing the management takes up not only account for the present scenario of the market but the future perspective is also taken under consideration. The main purpose served by this approach is to achieve profit by maintaining economic equity, social equality by appropriate usage of the natural resources. 
2.1 History
It was during the industrial revolution that was taking place all over the world in the 19th century when the first idea of the sustainable approach of managing the business came into existence. It was in the latter half of the 19th century the impact of the industrial revolution in the environment was stated to be noticed by the people. The effect of the degradation of the environmental condition of the country, which directly affected the life of the people, became a source of concern for the organisations. It was during that time various social and ecological crises happened which shook the base of the company and its financial stability.
The bank crisis of America in the year 1907, the financial crisis of 1930’s, in the year 1982 the debt of the developing countries are some of the examples of social crises that took place without proper sustainable governance (Leandros & Papadopoulou, 2020).
Similarly the lack of sustainable approach led to the 1954 Rongelap nuclear fallout, Mercury crisis of 1956, the Bhopal disaster of 1984 are some of the ecological disasters that took place. 
In the modern era, the lack of sustainable approach in the company is leading to the mass level of air pollution, and global warming is the biggest threat. The industry for their mere profits is destroying biodiversity and so on.
In the year 1968, Garret Hardin the philosopher and the ecologist wrote an essay on the impact on the ecological system due to the absence of the sustainable approach by the organisation. The first UN conference on the sustainable approach of doing business was done in the year 1972. By the passage of time, the concept of sustainable approach was implemented in the work rule of the organisations. 
2.

Task Details: Students are to research and identify three different approaches to strategic management, and compare and contrast them, particularly focusing on suggested benefits, implementation...

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