Strategic Management and Business Policy

Discuss how you could apply the concepts learned in this course to your current or future career

The implementation of sound strategies is vital to the success of any business. The strategies are part of the overall business and management policy that guides the businesses in their connection to customers, management of resources, and profit generation. Concepts of strategic management and business policy are important to business owners because it helps them set clear goals and manage their responsibilities. Currently, in my career, I can apply concepts of strategic management and business policy as a guide to my team in setting outsmart goals that outline our intention (Martínez-López, 2014). For instance, we have a target of increasing the volume of sales by the end of this current financial year through recruitments of qualified personal and employing custom-r centric strategies. Also, ithe n future, I will apply concepts of strategic management and business policy to rally my subordinates towardan s increasing market share of the company that I will work for through clear communication of objectives to the relevant parties.

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Name at least one strategic management model discussed this term that you would use, and explain why you selected this model

The strategic management model that I would use is the alignment model which is designed to bring together all aspects of operations in a company into alignment with stated mission, values, and objectives. Even though the model is meant for companies or organizations that have internal issues and inefficiencies, examining all  objectives, goals, mission, and vision of a company is important to ensure that there is success (Martínez-López, 2014). I have selected this model because it ensures that a company gets backs to its guiding principles which include objectives, goals, mission, andi vison and use them as a guide towards successful operations.

How might you incorporate information from this model to positively impact your career success?

I would use the information in the alignment more to identify areas of the company that can help achieve or contribute to the attainment of organizational goals and objectives. Also, I can use the information to identify the areas that are causing problems to the organization are not contributing to the success of the organization. After identifying the areas, strategic plans can be put in place to correct the deficiencies (Martínez-López, 2014). Therefore, the compilation of the plans becomes the company’s alignment-based strategic model.

ReferencesMartínez-López, F. J. (2014). Handbook of strategic e-business management.

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