The paper "Strategic Management in Australia " is a great example of management coursework. The concept underlying strategic management has been used extensively in the contemporary business scene to offer managers and employees the opportunity of experiencing organizational change and better performance. Although most of the organizations have accommodated the idea, it is likely that they have failed in one or two levels that include the implementation stage, analysis, or formulation of strategic practices. Strategic management is the analysis, formulation, and implementation of various objectives that the organization would wish to achieve through the top management.
It often considers the importance of constraints that exist within the business that includes the availability of resources, the internal and external environment as well as aggregate factors that contribute to its success. Employing different activities that foster a competitive environment and meets the objectives of the business regarding operational performance involves a series of strategic planning that is carried out by the management of the organization. The application and interpretation of the three levels of strategy mainly in the Australian business market often separate the successful managers from the unsuccessful managers.
Therefore, as a manager, I believe that the analysis stage forms the most crucial level of consideration if any organization is to meet the long-term objectives. Discussion The formulation stage forms the second aspect of strategic management and revolves around establishing the differences between the group and other businesses in the competitive environment. Although it involves making a series of decisions that require the competitive structure of the firm, it is likely that the strategic decisions will be drawn from the analysis stage.
The dynamic business society has created a wave of insecurity as well as ambiguity regarding the cost, entrepreneurship, international competition, and acquisition of other companies through mergers and purchase (Teece, Pisano and Shuen, 1997). For instance, Apple Australia works with international organizations such as WHO to ensure that climate change does not expand beyond the current scenario. Similarly, Coca-Cola guarantees that they collaborate with the community to provide economic development. Therefore, it is equally important to consider the operations that are carried out in the formulation stage since they will determine the outcomes during the implementation stage.
One of the distinct characteristics that separate successful managers from unsuccessful managers are the failure to understand how the organization will compete. Managers have the opportunity to achieve better and desirable performance through the balance of metrics within the supply chain of the organization. Evidently, the implementation stage of strategic management forms a significant aspect of the business since it ensures that the concept of organizational design is considered. The corporate design is based primarily on the structure, culture, and control mechanisms that have been put in place to monitor the behavior and attitudes of the employees.
In this case, strategic managers have the opportunity to structure the organization to mimic the culture of a company in the technology supply chain (Thompson and Strickland, 2001). For instance, Apple Inc. in Australia has built an organization chart that revolves around hierarchical and adaptable systems. Such a structure can foster strategic planning notably through the distribution of resources based on the product or service or geography. Similarly, some managers fail, and others succeed because if their ability to incorporate corporate governance and ethical business operations.
For instance, Apple fosters environmental responsibility and environmental sustainability while organizations such as Coca-Cola in Australia use false and misleading marketing, therefore, a breach of ethical standards.
Apple Australia. (2017). Apple. [Online] Available at: https://www.apple.com/au/. [Accessed 8 Jun. 2017].
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