It is a philosophical approach to business. Upper management must think strategically first, then apply that thought to a process.
Before you start the simulation, you should develop a strategy to follow. Check out chapter 5 of the Crafting strategies text book and pick one of the five different strategies to follow — and stick to it.
Task 1 starts with you describing your strategy and how effective it was. From the beginning of the simulation I decided to compete with two different companies, so I picked one and used it for my SWOT analysis. I found a great source for this at http: My paper was 15 pages long and it passed on the first attempt.
Task 2 starts with asking you about resources. You have to talk about how you compensated for a resource weakness, how you created a resource strength, and how competitively powerful that resource strength was. I opened by defining tangible and intangible resources and then I identified a resource weakness — in my case retail outlets — and then I spoke about how I attempted to strengthen this weakness.
Save time and money! Our teachers already did your homework, use it! Open Document. Below is an essay on "Wgu Jht2 Strategic Management Task 2" from Anti Essays, your source for research papers, essays, and term paper examples.4/5(1). Learn WGU JHT2 Strategic Management Task 2 facts using a simple interactive process (flashcard, matching, or multiple choice). Finally a format that helps you memorize and understand. Browse or search in thousands of pages or create your own page using a simple wizard.
This was a good lead in for the next two prompts because I was able to use snippets from the financial reports showing how poorly I was doing with just a few retail outlets, and how much improvement I made after I increased the number of outlets. I also added a production facility in Latin America at the same time.
The combination of retailer support and new capacity was my strength for this prompt. Make sure you insert a lot of screen prints of your reports. Pick a culture and talk about how it works with your strategic plan.
I also inserted an org chart to show how decisions were made in the organization. You have to talk about all 10 of the principal managerial components listed in chapter 10 of the Strategic Management text book. This was the longest and most time consuming section of my paper.
Pages of the Footwear Industry Report contain your balanced scorecard. I inserted a copy of each section with a short 3 sentences or so analysis of each.
I modeled my balanced scorecard after the sample given in the Managerial Accounting text book beginning on page from a previous class. Oh, you have to do a piece on creativity and innovation.
The key to success for these two tasks is to insert a lot of snippets from your reports. I inserted 22 snippets, charts, and graphs in task 2!
I would also try not to follow the rubric and the task too closely Weird, huh? I followed the tip sheet provided by the mentors, which almost seems like a different task at times, but this seems to be what the graders wanted.C Strategic Management Concepts related to Tasks 1 and 2 Task 1 Overview vision, mission, and values statements the importance of leadership team buy-in analytical tools used in performing situational analysis alignment between strategy, people, and corporate culture SWOT analysis.
Jun 29, · The strategic management process is more than just a set of rules to follow. It is a philosophical approach to business. Upper management must think strategically first, then apply that thought to. Strategic objectives serve notice that management not only intends to deliver good financial performance but also to improve the organization's competitive strength and .
Essay about Strategic Management Task 1; Essay about Strategic Management Task 1. Words Jun 26th, 10 Pages. Strategy Simulation Results For the simulation my company name was H Company. Below you will find the results to the 8-year simulation.
H Company has been highlighted in the majority of screen-shots.
Save time and money! Our teachers already did your homework, use it! C Strategic Management Concepts related to Tasks 1 and 2 Task 1 Overview vision, mission, and values statements the importance of leadership team buy-in analytical tools used in performing situational analysis alignment between strategy, people, and corporate culture SWOT analysis.