Question

"The context covered in Strategic Management module is the basis of this assessment. Read and understand carefully the required contents to answer all compulsory tasks required below.

Choose one company in Oman. Study and gather relevant information on the strategic practices of managing the business using secondary data. Critically analyse the business strategies, draw conclusion and make recommendations for continuous improvement.



Prepare a 2,000 words assignment based on the tasks given below:



Introduction (300 words) - Write an introduction based on the following: (a) Theories or concepts related to Strategic Management; (b) Brief background of the company; and (c)
Objectives of the assignment.

Contents: (1,500 words)

Analytical evaluation on the key processes of strategic management practiced by the chosen company; specifically relate these processes with the company's innovation approaches.

Critical assessment about the strategic competitiveness of company's overall performance using SWOT method.
Logically recommend a plan that can link to the company's risk management strategies.

Conclusion - write a summary and emphasise the key points and issues of the assignment. (200
words)"

Answer 1

The assignment entails analyzing a chosen company's strategic management practices in Oman, evaluating its innovation approach, assessing competitiveness using SWOT, and making recommendations for ongoing improvement.

Step-by-step explanation:

Embarking on an assignment within the field of Strategic Management necessitates an in-depth analysis of a company's strategic operations. To fulfill this task, a critical examination of a chosen company's business strategies, innovation approaches, and strategic competitiveness is required, using tools such as SWOT analysis and integrating the findings with the company's risk management strategies.

Introduction

The introduction should encompass the essential theories or concepts of Strategic Management, provide a brief background of the selected company in Oman, and outline the objectives of the assignment. This part should set the stage for the remaining content, which will delve deeper into the analysis.

Content Analysis

A thorough analytical evaluation of the key processes of Strategic Management practiced by the company should be performed. This includes understanding the company's approach toward innovation and how it is integrated into its strategic planning and execution. Utilizing the SWOT method, a critical assessment of the strategic competitiveness of the company's overall performance will be conducted to identify strengths, weaknesses, opportunities, and threats.

Conclusion

The conclusion will summarize the principal points and issues discussed throughout the assignment, recapping the strategic findings and providing insightful recommendations for continuous improvement.