I need replies done 16 hours

Learning Goal: I’m working on a business question and need guidance to help me learn.

This week’s readings covered numerous important concepts. I found learning more about strategic management and the various approaches to competitive advantage much more interesting. As per the readings, strategic management relates to the art or the science of formulating, implementing, and analyzing cross-functional decisions required to ensure organizations acquire their objectives (David, 2020). It was worthwhile noting that a company’s strategic plan is similar to its game plan; firms need to have great game plans to acquire their objectives. According to the readings, a strategic plan often results in hard-hitting managerial options among many valid options. It always signals a commitment to various markets, operations, policies, and procedures.

It was important to learn the various stages of strategic management. As per the readings, the stages of strategic management include strategy formulation, implementation, and evaluation. There are several decisions to make in each of these stages. For example, under the formulation strategy stage, one must determine the various businesses they need to get into, the businesses to leave, and how to avoid a hostile takeover in general.

An important term that I covered in the assigned readings is a competitive advantage. According to the readings, competitive advantage refers to activities organizations carry out the best when compared with rival firms (David, 2020). It could also refer to resources firms possess and which rival firms may desire. Firms must have a competitive advantage over their rivals to win market command.

Graduate-level Response

Question 1

This well-known comment by Deming underlines Deming’s belief in the need for data measurement to achieve better performance. This quote has helped professionals and specialists from various fields establish action plans based on data upkeep and acquisition. In the context of strategic management, this remark relates to the idea that only divine phenomena may be trusted without looking for facts, statistics, or logic to back it up. Every facet of our lives and every decision we make or must make must be supported by properly and meticulously gathered related facts in some cohesive and meaningful way. This phrase underlines the need to base strategic judgments on acquired and accumulated facts while building a strategic plan. That strategic planning and development should be done after gathering scientific facts and statistics and conducting surveys and research to obtain relevant data about our company. Demand predictions and budgets, analysis of the external and internal environment, research and surveys on shifting market trends, customer feedback, staff issues, and all other relevant data are all examples of this. The gist of this saying is to not make rash, impulsive decisions; rather, base your decisions on scientifically acquired data that aids in acquiring a clearer and larger image of what has to be done and how it should be done. That is the whole point of strategic management.

Question 2

This vision statement is rather broad; the book defines a vision statement as “what do we wish to become.” (2020, David) This statement is a mission statement rather than a vision statement because it does not inform us how they will care for the patient’s eyesight but rather who they are and who they wish to serve

Calculate your paper price
Pages (550 words)
Approximate price: -

Why Choose Us

Quality Papers

We value our clients. For this reason, we ensure that each paper is written carefully as per the instructions provided by the client. Our editing team also checks all the papers to ensure that they have been completed as per the expectations.

Professional Academic Writers

Over the years, our Acme Homework has managed to secure the most qualified, reliable and experienced team of writers. The company has also ensured continued training and development of the team members to ensure that it keep up with the rising Academic Trends.

Affordable Prices

Our prices are fairly priced in such a way that ensures affordability. Additionally, you can get a free price quotation by clicking on the "Place Order" button.

On-Time delivery

We pay strict attention on deadlines. For this reason, we ensure that all papers are submitted earlier, even before the deadline indicated by the customer. For this reason, the client can go through the work and review everything.

100% Originality

At Buy An Essay, all papers are plagiarism-free as they are written from scratch. We have taken strict measures to ensure that there is no similarity on all papers and that citations are included as per the standards set.

Customer Support 24/7

Our support team is readily available to provide any guidance/help on our platform at any time of the day/night. Feel free to contact us via the Chat window or support email: support@acmehomework.com.

Try it now!

Calculate the price of your order

We'll send you the first draft for approval by at
Total price:

How it works?

Follow these simple steps to get your paper done

Place your order

Fill in the order form and provide all details of your assignment.

Proceed with the payment

Choose the payment system that suits you most.

Receive the final file

Once your paper is ready, we will email it to you.

Our Services

Buy An Essay has stood as the world’s leading custom essay writing services providers. Once you enter all the details in the order form under the place order button, the rest is up to us.


Essay Writing Services

At Buy An Essay, we prioritize on all aspects that bring about a good grade such as impeccable grammar, proper structure, zero-plagiarism and conformance to guidelines. Our experienced team of writers will help you completed your essays and other assignments.


Admission and Business Papers

Be assured that you’ll definitely get accepted to the Master’s level program at any university once you enter all the details in the order form. We won’t leave you here; we will also help you secure a good position in your aspired workplace by creating an outstanding resume or portfolio once you place an order.


Editing and Proofreading

Our skilled editing and writing team will help you restructure you paper, paraphrase, correct grammar and replace plagiarized sections on your paper just on time. The service is geared toward eliminating any mistakes and rather enhancing better quality.


Technical papers

We have writers in almost all fields including the most technical fields. You don’t have to worry about the complexity of your paper. Simply enter as much details as possible in the place order section.