Identity and discuss the components and elements of strategic management as part of the Strategic Management Model (Gluck and Jaunch, 1984). Based your discussion on the ‘Strategic Management Model’ reading provided in the link below.
https://zahiro.files.wordpress.com/2014/11/sm2.pdf
Formalities:•Wordcount: 2000–2500words•Please ensure you present your individual reportwith a title, an introduction, and a discussion of each of the five elements, followed by a conclusion.•You should also provide a cover page, a table of contents, references and appendices. Kindly note these are excluded of the total wordcount.•Font: Arial 12,5 pts. •Text alignment: Justified.•The in-text referencesand the bibliographyshall be presented using the Harvardcitation style.
It assesses the following learning outcomes:•Outcome 1: Contextualize the strategic decisions organizations make in order to engage in strategic planning.•Outcome 2: Analyze and explain the concepts, principles and practices associated with strategy formulation and implementation.•Outcome 3: Demonstrate an understanding of thecomplexities of strategic management. •Outcome 4: Conduct and present a credible business analysis in a team setting.
