StudentShare solutions
Triangle menu

Strategic Management direction - Case Study Example

Not dowloaded yet

Extract of sample
Strategic Management direction

This product is known as "Funds Master". Mr. Phillip Hardeep owns the 60 percent of the total share of the company, while the other 40 percent is owned by the internal stakeholders, Ruth Simmons and David Jones, who are also working with Phillip Hardeep in this software company as the main marketing person and software engineer respectively. The additional side product sold by the company is the use of Internet facility wireless card which can be allotted to the customers coming to stay in hotels. The product Funds Master's selling performance was doing fine since the time of the company's establishment, until, its sale started to fall back within the time period of last two years because there is a competitive product in the market that is launched and taken care of by a multinational organization. Mr. Phillip Hardeep fears that the competitive software program of the multinational corporation has affected the sales and reputation of their company's product, "Funds Master"; and has lower down the sales graph of eventually.
Now, the main task of this research report is to study and evaluate the strategic management direction for the guidance of the company and its future strategies so that Hardeep software company could improve its performance and position in the competitive marketplace by taking advantage of all those strategic planning, concepts, tools and models.

Part#1 - Strategic & Functional Analysis of Hardeep Software
Understanding Strategic Management
Strategic management is a principle, science and art through which the management of a company implements, formulates, and evaluates cross-functional decisions and enables the organization to achieve its highest targeted and long-term decided objectives. With the help of strategic management, the management of the company successfully specifies its policies, procedures, values, goals, target markets, mission, vision, aims and objectives, plans, projects and programs, roles and responsibilities, timelines, and available resources along with the partner companies or stakeholders. It is considered to be the highest level of managerial activity through which the company determines its current and future position in the marketplace (Lamb, p27, 1984).
Understanding Key Dimensions of Strategic Management - Strategic Planning, Strategic Tools & Strategic Models
Strategic planning can be considered as the subsidiary branched tool and technique of strategic management which helps the management of the company to perform better and complete the given task with remarkable progress. The main focus of strategic planning is to emphasize on the energy provided to complete a task. Thus, it helps the company and its employees to give-in their best efforts and perform a good job in order to attain the targeted goals and objectives of the company. Strategic planning also assists the organization by guiding the right direction according to the changing environment. In short, strategic planning is a well-planned and disciplined policy or procedure to construct significant assessments and actions that ...Show more

Summary

The following research report is based on the critical evaluation an analysis of Hardeep software, which is owned and mainly run by a software company in the region of United States. The leading person and founder of this technology oriented company is Phillip Hardeep who is successfully running this company since eight (8) years with 30 loyal full time working employees…
Author : lizziepollich
Strategic Management direction essay example
Read Text Preview
Save Your Time for More Important Things
Let us write or edit the case study on your topic
"Strategic Management direction"
with a personal 20% discount.
Grab the best paper

Related Essays

Strategic Management Case
Home Depot has goal to have large share of the market by providing customers with the best service, widest production selection, and lowest prices. Also, Aikenhead’s Home Improvement Warehouse Inc. was planning to build stores in Vancouver. Edmonton has ten stores in Toronto area.
5 pages (1250 words) Case Study
STRATEGIC MANAGEMENT
However, it is to be believed that core competencies or competitive advantages are being achieved through practices very long period. Therefore, the study has considered historical background and long term strategic resouce based benefits of Microsoft Corp in order to understand its actual business position in modern world.
3 pages (750 words) Case Study
Strategic Management Portfolio
The company has strong competitors, the chocolate and packaging industries are vibrant, its strategy of vertical integration enables it to maintain a good feel of the customers' needs and expectations at the grassroots levels and its profit margins have been favorable enough to have the company concentrate on upgrading, expansion and growth.
6 pages (1500 words) Case Study
News Corporation Strategic Management
Support your evaluation with relevant theory and academic models. News Corporation is the world's third largest media giant (after Time Warner and Disney). Owned partly by the family of international tycoon Rupert Murdoch, known universally for his shrewd business style, the public conglomerate now ranks 84th in the Fortune 500 list.
8 pages (2000 words) Case Study
Strategic Direction of Tesco
As a retailer, the stores serve a large number of communities in which customers and staff live and work.] http://www.tescocorporate.com/page.aspxpointerid=3B3A4B25C27741408604630168DAE624 Tesco operates internationally. Every week over 400,000 staff serve over 30 million customers in 13 countries playing an important role in creating employment, fostering skills and generating economic development.
15 pages (3750 words) Case Study
The Strategic Management
The report begins an overview of the tools and techniques of the Macro branch of the Power school, the University's mission, visions and goals, and identification of current alliances and goes on to propose two strategies that can be adopted by the University in order to formulate its strategy for a competitive edge.
4 pages (1000 words) Case Study
Strategic management as science
Business strategy has also been called a blend of luck, opportunism, design and judgement which, when considered appropriately based on an analysis of the external market environment, can bring a company success in their existing marketplaces. This report identifies a variety of different theoretical frameworks and professional opinion regarding strategic management and its role in today's businesses.
12 pages (3000 words) Case Study
Strategic Management Procedures
This is actually plan with a general outlook in the present and the future where different aspects and factors are incorporated as a whole to develop a plan towards the objective. Implementation of the said management strategic is viewed to post certain advantages and disadvantages to the institution and management in general.
10 pages (2500 words) Case Study
Strategic management
The suggestion to build the chateau should hence be considered since it comes from one of the most knowledgeable minds in the business. CdC’s business strategy can
6 pages (1500 words) Case Study
Strategic management
The production strategy is also responsible for Starbucks performance; they roast and sell their own premium coffee alongside other products
2 pages (500 words) Case Study
Get a custom paper written
by a pro under your requirements!
Win a special DISCOUNT!
Put in your e-mail and click the button with your lucky finger
Your email
YOUR PRIZE:
Apply my DISCOUNT
Comments (0)
Rate this paper:
Thank you! Your comment has been sent and will be posted after moderation