Strategic management practise Assignment Example | Topics and Well Written Essays - 5000 words

Strategic management practise - Assignment Example query of data and appropriate literature has uncovered that Sony maintains the most significant strategic issues associated with ineffective marketing strategies, a culture of power distance that forbids teamwork and collaboration, and poor positioning in its markets among competition. It is recommended that Sony work toward making a much decentralised and collaborative organisational culture, cease its subprogram of quality and innovation positioning as part of smear management and marketing, and enact a performance management ideology that includes the 360 degree feedback mechanism as fountainhead as strategic and tactical dashboard to improve control and metrics production to guarantee more return on investment for the recommended changes. This should position Sony more competently among very diverse competitors worldwide.Strategy is the process of determining the long-run aspirations and goals of a trade and deciding on the specific action plans and resource allocations require to achieve determined objectives (Nag, Hambrick and Chen 2007). Strategy is inclusive of management activities whereby direction for the firm is established, guidance provided to mortify support staff members, and where the structure of the organisation is established.Strategic management is the development and implementation of objectives issued by a firms management team in order to position a business in a desirable future state. Businesses consist of many inter-dependent divisions that assist a firm in achieving its strategic goals, the firms value chain, which consist of marketing, production, human resources, customer service systems, technologies and other operational business components (Maritz and Salaran 2010). Strategic management is the process of aligning these divisions in the most effective and productive methodology so that the business can achieve its mission and guide the organisation toward its long-term goa ls. Through the proper