and Answers 100% Guaranteed Success
| Already Rated A+
what is strategic management? - 🧠 ANSWER ✔✔More specifically, strategic
management examines how actions and events involving top executives (such as
Steve Jobs), firms (Apple), and industries (the tablet market) influence a firm's
success or failure
five p's - 🧠 ANSWER ✔✔plan
play
pattern
position
perspective
definition of 5 p's - 🧠 ANSWER ✔✔plan-a carefully crated set of steps that a firm
intends to follow in order to be successful
1
COPYRIGHT@SARAHROSAPERAL 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE.
PRIVACY STATEMENT. ALL RIGHTS RESERVED
,play- a specific move designed to outwit or trick competitors
pattern- the degree of consistency in a firms strategic actions
position- a firms place in the industry relatve to its competitors
perspective- how executives interpret the competitive landscape
intended strategy(non realized) - 🧠 ANSWER ✔✔strategy is the strategy that an
organization hopes to execute. Intended strategies are usually described in detail
within an organization's strategic plan
emergent strategy(realized) - 🧠 ANSWER ✔✔is an unplanned strategy that arises
in response to unexpected opportunities and challenges. Sometimes emergent
strategies result in disasters. Emergent strategies can also lead to tremendous
success.
realized strategy - 🧠 ANSWER ✔✔strategy is the strategy that an organization
actually follows.
2
COPYRIGHT@SARAHROSAPERAL 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE.
PRIVACY STATEMENT. ALL RIGHTS RESERVED
, Realized strategies are a product of a firm's intended strategy (i.e., what the firm
planned to do), the firm's deliberate strategy (i.e., the parts of the intended strategy
that the firm continues to pursue over time), and its emergent strategy (i.e., what
the firm did in reaction to unexpected opportunities and challenges).
Major steps toward developing the scientific aspect of strategic management were
taken in the early twentieth century by - 🧠 ANSWER ✔✔Frederick W. Taylor
In The Principles of Scientific Management, - 🧠 ANSWER ✔✔Taylor stressed
how organizations could become more efficient through identifying the "one best
way" of performing important tasks.
Two pivotal events that firmly established strategic management as a field of study
took place in 1980 - 🧠 ANSWER ✔✔One was the creation of the Strategic
Management Journal
The second pivotal event in 1980 was the publication of Competitive Strategy:
Techniques for Analyzing Industries and Competitors by Harvard professor
Michael Porter.
3
COPYRIGHT@SARAHROSAPERAL 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE.
PRIVACY STATEMENT. ALL RIGHTS RESERVED