Strategic Management Process Planning Cycle, And...

The attempt for this paper is to explain the strategic management process, the planning cycle, and sustainable competitive advantage (SCA). There are many tools and theories to sustain an organization, although it seems apparent that the aforementioned are essential for organizations to maintain sustainability. Strategic Management Process In much of the readings and online tutorials there seems to be a consensus on why strategic planning is imperative. Consider existing businesses or new ventures, the implementation of strategic planning may identify clearly the objectives and strategies of existing businesses or new ventures. The theory SWOT may strategically identify objectives and strategies by ascertaining existing businesses or†¦show more content†¦Planning Cycle In much of the readings and online tutorials there seems to be a consensus on how the process of planning cycle brings all aspects of the venture together. Although, there are a vast number of â€Å"planning cycle theories† the one by Schloss (2012), is particularly interesting because interpersonal thoughts, feelings, beliefs, and culture create the foundation of this particular cycle plan. Furthermore, he goes on to explain that cycle planning should following this simple modality, â€Å"Where are we know? Where do we want to go? How will we get there? How did we do?† (Schloss, 2012). Strategic Management and Planning Cycle Formulates Together strategic management and a planning cycle formulates a competitive advantage that is likely to maintain sustainability. Again, management may not find it difficult to write a strategic plan since there are tools such as SWOT. However, having a thought on paper is not the same as putting a plan in motion. The question becomes, how can a company set a plan in motion? This can be implemented through educating all those involved in the venture. Education assists management to provide front-line employees, leaders, stakeholders, even the surrounding communities in understanding the ultimate objectives of the venture. In addition, educational trainings pertaining to several aspect of the organization promote a realistic sense of the objective. More importantly, education pertaining to diversity and multicultural