Strategic management isperhaps the most crucial topic for students of business and management. It
educates students on how businesses work and lets them plan in order to realize
the long-term objectives. Strategic management assignments involve critical thinking,
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What IsStrategic Management?Strategic management isall about planning, monitoring, and analysis a particular firm's goals and
business-related activities to compete in the market. It entails business
environment research, setting goals,
creatingstrategies, and measuring results.
You should know variousbusiness models, SWOT analysis, Porter's Five Forces, and other categories of
essential tools as a student. You will find these terms challenging to learn
initially. Using them in your assignment work can be a difficult task as well.
Why StudentsStruggle with Strategic Management Assignments1. Complex Topics:
Strategicmanagement has underlying concepts such as competitive advantage, corporatestrategy, and market analysis. These do not always get easily understood.
2. Case Study Analysis:Most of the assignments come with case studies of actual businesses, where
problems need to be identified and strategic recommendations need to be
proposed by the students.
3. Time Pressure: Studentsusually work under tight schedules and have other topics to read. This renders
it difficult to submit strategic assignments within deadlines.
4. Shortage of Real-LifeExperience: Because strategy is attached to actual business decisions, it's
difficult to complete assignments without knowing how firms work in real life.
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