Tiffanyla 1strategic Management Provides Allows All Of The B

Tiffanyla 1strategic Management Provides Allows All Of The Board Memb Tiffanyla 1strategic Management Provides Allows All Of The Board Memb Tiffany: LA 1 Strategic management provides allows all of the board members the ability to take a moment and to look at the future of their company. Not being able to have this process in place an organization can be consumed with nothing but work and not look at the bigger picture. Strategy also provides the staff a period where they can come together to ensure that they are moving in a single direction. No one portion knows all the moves or actions of the other group so this allows for a vision of the future, and the ability to come up with and go over the values of the organization. It also sets goals into place, and sets the objectives as well as threats, opportunities, and find ways to even out the strengths and weaknesses so that they benefit the company. This is all a process to set the framework and clear decision on what needs to be done to make the company successful. LA 2 I think that my biggest “aha moment” — it actually the part that I disliked the most, but became the most beneficial once I understood the information that it provided. That is the matrices that we have to learn to do. From the IFE, EFE, PEST Analysis, BCG, IE matrix, SAPCE matrix, they all broke down the information within the company and allowed you to see how it operated and how it related to its competitors. Once I understood that information, that was my “aha moment." Jessica: Learning Activity #1 Insight is the major benefit of using a strategic management approach to decision making. Insight is the thing which business executives and management teams receive to thoroughly understand, comprehend, recognize, and evaluate the state of its business, placement with indirect and direct competitors, and within industry. Insight can be received through strategic management tools such as SWOT Analysis, Internal-External Matrices, Quantitative Strategic Planning Matrix, Grand Strategy Matrix, and more. These tools allow strategists to use their knowledge of the industry, business, and subjective views to make short- and long-term decisions (Maxi-Pedia, 2016). Insight gives businesses the ability to see the processes from their functional departments to corporate strategies. Insight gives businesses the ability to survey and receive feedback from end users, such as customers and shareholders. Insight allows a company to evaluate their current business climate, culture, and whether or not their organizational structure works well with their current missions and capabilities. Insight gives businesses the advantage to create sustainable competitive advantages by choosing how to sell and market their products/services (cost leadership, differentiation, best-cost strategy, etc.) (Strategic Management,