Strategic Management Essay Example | Topics and Well Written Essays - 3000 words - 29

Strategic Management - Essay Example ividuals within a country’s population will have exactly the same characteristics, the cultural dimensions will colour the institutional and administrative arrangements that are made within the country, and will set the norms for behaviour.† Using your understanding of Whittington’s (2000) ‘Systemic School of Thought’, critically evaluate the implications of these cultural dimensions for international strategic managers at KFC in building productive relationships with the outside world. The performance of each industry in the global market is depended on a series of factors. There are industries where competition is extremely high and where the exposure to risks can be significant. Using strategic tools and techniques can help managers to control risks for their organization even if market pressures are strong. KFC is an important competitor in the global fast food industry. The firm is owned by Yum! Brands, one of the strongest rivals of the above industry. Managers in KFC have tried to use the continuous expansion as a strategy for securing organizational growth. This practice has been proved effective, at least up to now. From 2013 onwards, changes should be made in regard to the strategic planning process used in KFC. The use of well known frameworks, such as Whittington’s ‘Evolutionary’ and ‘Systemic’ Schools of Thought could help the organization to increase the effectiveness of its strategies and to strengthen its market posi tion. a) In the context of the process of strategic thinking and strategy formation, outline what SWOT and Porter’s Value Chain techniques are, and explain their practical relevance to strategic planners at Kentucky Fried Chicken (KFC) Corporation. In order to develop effective strategies managers in modern organizations use a variety of tools. Each of these tools responds to specific needs of organizations in terms of strategic thinking and strategy formation. In any case, it has been proved that firms of all