Strategic management Assignment Example | Topics and Well Written Essays - 2750 words

Strategic management - Assignment ExampleThis is due to the reason that making rough-and-ready strategical decisions require reforms and modifications concerning the senior leader decision-making ways and organizational structure1. It is worth mentioning that every decision is associated with delivering trusted results that reduces the current issues and challenges faced by an organization. Furtheromre, effective decision requires considerable understanding about the realities and the various environmental factors2.To be precise, in the simplest way, strategic decision-making is affiliated to decision-making process based on the strategic issues. In this regard, strategic issues generally encompass growth, events and trends that have potential impacts on organizations strategies3. Correspondingly, there are various factors posing signifi locoweedt impacts on the strategic decision making process practiced within an organization. Among these, the tetrad major influential factors include management teams characteristics, external environmental characteristics, internal organizational characteristics and decision-specific characteristics4.Strategic decisions can also be regarded as infrequent decisions taken by the senior leaders of an organization that tends to sour the performance and survival of any organization5. In other words, the inability of the senior leaders of the organization to garner effective strategic decisions is also often associated with the demise of the business entity at certain instances. Correspondingly, this study intends to let out a case study of Nokia Corporation by applying and evaluating three analytical tools including the VRIN framework, the Porters 5 Forces model and Porters Generic Strategies in order to understand their contribution that can be critical to enable success of any enterprise.Nokia is a Multinational Corporation engaged in designing, development and manufacturing a wide range