Based off the attachment this is what I need you to answer in two paragraphs:
Is there any research suggesting that there are better ways to do an external and internal analyses for strategic management? What do these articles have to say about this (above) and what is your response based on your research?
5
Strat. Management Approaches Analysis
Student’s name
Institution affiliation
Date
Summary and Analysis of the Articles on Strategic Management
The two articles provide insights into numerous theories and methodologies while exploring various facets of strategic management. They provide insight into how businesses, whether in the public or private sector, may develop and put into practice strategies that will help them accomplish their objectives and provide value.
Bryson and George's Article on Strategic Management in Public Administration
The paper by Bryson and George explores the complexity of strategic management in public administration. They place a strong emphasis on the coordination of strategy development and execution while emphasising the significance of ongoing strategic learning. The essay distinguishes four different categories of strategists, each with a different level of goals and abilities: reactors, dreamers, underachievers, and shrewd strategists.
Eight ways to strategic planning are presented in the essay, ranging from thorough processes influenced by the Harvard Policy Model to more limited processes like strategic negotiations and strategic problems management. It also refers to content strategies like portfolio and competitive forces analysis (Bryson & George, 2020). The article lists seven strategies for strategic management systems, including integrated units of management, strategic problems management, contract method, cooperation approach, portfolio management, objective or benchmark approach, and hybrid strategies. These technologies give businesses a variety of methods to handle problems.
Fuertes et al.'s Article on a Conceptual Framework for Strategic Management
The article by Fuertes and colleagues analyses the strategic management literature and seeks to offer a thorough framework for directing organizational management. It talks about how the idea of strategy has changed over time and how it may be used in other contexts besides military ones (Fuertes et al., 2020). The writers emphasize the importance of strategy's function in establishing objectives, policies, differentiation, and adaptability by using several definitions of strategy by academics including Chandler, Andrews, and Porter.
In forming strategies, the paper makes a distinction between mechanical and organic approaches. While organic viewpoints take into account the dynamic and interacting character of strategic processes, mechanistic views are considered as rigid and reductionist. This contrast illustrates how dynamic and adaptive techniques have replaced rigid paradigms in strategic thinking. Using the Balanced ScoreCard (BSC) paradigm, the literature review in this article is broken up into sections that discuss the concept of strategy, methodology, strategic methods, organizational structures, strategic planning, and strategic assessment.
Analysis
Both articles offer insightful contributions to the study of strategic management. While Fuertes et al.'s study offers a more comprehensive analysis applicable to many organizational contexts, Bryson and George's piece primarily focuses on strategic management in public administration.
The article by Bryson and George briefly discusses numerous strategies for strategic management, such as strategic planning and management systems, but it doesn't go into great detail about how to perform external or internal analysis (Fuertes et al., 2020). The integration of strategy formulation and implementation, various types of strategists, and methods for strategic planning and management systems are the main topics covered. It does not, however, offer detailed recommendations for enhancing the accuracy or efficacy of external and internal analyses.
On the other hand, the essay by Fuertes et al. focuses more on providing a theoretical foundation for strategic management. It explores the development of the idea of strategy and its constituent parts, including purpose, vision, values, and global goals. It gives a basis for comprehending the essential elements of strategy, but it doesn't specifically include procedures or methods for performing external and internal analysis.
References
Bryson, J., & George, B. (2020). Strategic management in public administration. In Oxford Research Encyclopedia of Politics. https://oxfordre.com/politics/display/10.1093/acrefore/9780190228637.001.0001/acrefore-9780190228637-e-1396
Fuertes, G., Alfaro, M., Vargas, M., Gutierrez, S., Ternero, R., & Sabattin, J. (2020). Conceptual framework for the strategic management: a literature review—descriptive. Journal of Engineering, 2020, 1-21. https://www.hindawi.com/journals/JE/2020/6253013/
