Strategic management Essay Example | Topics and Well Written Essays - 1500 words - 3

Strategic management - Essay ExampleMore specifically, using the draw in the Figure 3, Appendix, the steadfastlys stakeholders could be categorized as follows a) the Owners should be found at the level of the relevant hierarchy having the strongest interest in the firms performance, b) the firms employees would follow, c) suppliers would also be interested in the firms position in its market indicating its ability to fall out its cooperation with its suppliers, d) customers would be at the next lower level they would be benefited from the firms performance but only up to the point that they could not direct other firm with similar products and lower prices e) the state would be at the last level of the relevant list the firms performance would be important for the state affecting its contributions in the national economy tax paid for the firms profits.The performance of the firm within its market back be differentiated under the influence of a series of factors. These facto rs have been identified and explained using the Pestel Analysis at a next level the attention globalisation drivers are presented at the level that they are related with the firms operational initiatives. In accordance with Neely (2002) the tell apart benefit in the passage of deciding what to measure appears to lie in the fact that the process forces management teams to be explicit about their priorities (Neely, 2002, p.295). In other words, the identification and the evaluation of key strategic values for the development of corporate activities are quite important for setting the criteria on which the restructuring of the firms strategies will be based.In the PESTEL analysis, the firms operations are related to specific factors, the following ones a) Political it refers to the governments strategies regarding the entrepreneurial activity in the specific industry nonetheless if in the