(Mt) – MGT 401 SEU Concepts And Terminology Used in Strategic Management

Attached.OutlineWhat is a learning organizationLearning organizations will be ones where people continuously improve their capacity toachieve the results, they genuinely desire, where new and expansive examples of reasoning aresupported, where people’s desires are liberated, and where people are constantly learning to seethe big picture as a whole.strategic management better than the more traditional top-down approach in which strategicplanningThe more conventional top-down approach to strategic management, on the other hand,places more emphasis on the significance of senior management’s strategic planning anddecision-making. With little involvement from lower-level staff, high management does strategicplanning in this manner. Instead of establishing an atmosphere that encourages continuinglearning and progress, the emphasis is on developing and putting into place tactics that will helpthe organization achieve its objectives.Give an example of a learning organization from the SAUDI market.Saudi Aramco is the main engine of the Saudi economy in terms of sustainability. Theyincrease the value of their downstream goods whether they are serving as a catalyst, supportingthe centralization of the Kingdom’s energy services, or working on public initiatives. They workto improve energy efficiency by distributing the energy to individuals with a variety of skills,opening up new opportunities for the Saudi Arabian populace. There are a few fundamental partsto their mission statement.Porter’s forces driving industry competitionCompetitive rivalry, one of Porter’s Five Forces, has the biggest impact on whether itwould be lucrative to enter a particular market. There are numerous rivals in a business whencompetition is fierce, and leaving the industry comes at a great cost for those competitors.Competitive activities like price lowering, higher advertising costs, or investing onservice/product innovation and improvements can reduce profits and foster competition.The level of competition in a given industry is determined by Porter’s competitiveintensity. The concentration of the industry, switching costs, fixed expenses, and the rate ofindustrial expansion are only a few variables that can affect this competitiveness. One of the FiveForces is the power or capacity of the customer to influence price reductions. It is influenced bythe quantity and value of a company’s purchasers or customers, as well as by how expensive itwould be for a company to find new markets or consumers for its goodsPorter also made significant contributions to the “value chain” and “generic strategies”frameworks in addition to the Five Force model. Later in the text, a critique of additional Porter’scontributions to the discipline of strategic management is provided. It demonstrates how, despitebeing useful in earlier decades, Porter’s contribution cannot be used alone to build the strategist’sarmor when examining industries and enterprises’ competitive advantages1Concepts And Terminology Used in Strategic Management.Student’s NameInstitution AffiliationCourseInstructor’s NameDate2Concepts And Terminology Used in Strategic Management.QUESTION 1.What is a learning organization? Discuss why this approach to strategic management is betterthan the more traditional top-down approach in which top management primarily does strategicplanning.What is a learning organization?Employees will be more capable of achieving the results they genuinely want to in learningorganizations where new and expansive examples of reasoning are supported, employees’ desiresare liberated, and employees are continuously learning to see the big picture as a whole. No, thetop-down approach is used because some senior management staff must make importantdecisions affecting the company’s direction. This provides a visual representation of the issue forthe corporation (Fan & Stevenson, 2018).Discuss why this approach to strategic management is better than the more traditional top-downapproach in which top management primarily does strategic planning.The learning organization model is more effective because it boosts engagement and jobsatisfaction by encouraging employees to take responsibility for their work. Organizations canbecome more responsive to environmental changes, such as emerging technology and markettrends, by encouraging a culture of innovation and adaptation. (Fan & Stevenson, 2018). On theother hand, the importance of senior management’s strategic planning and decision-making isemphasized more in the traditional top-down approach to strategic management. The highleadership conducts strategy planning in this manner with little input from lower-level staff. The3focus is on creating and implementing strategies that will aid the organization in achieving itsgoals rather than creating an environment that fosters ongoing learning and advancement.The bottom line is that strategic management requires participation from all levels of theorganization, not just top management. They can achieve this by continuously working withothers to enhance work methods, procedures, and evaluation techniques. They can also do this byassisting in scanning the environment for significant information, recommending adjustments toplans and programs to take advantage of environmental shifts, and scanning the environmentthemselves (Granstrand & Holgersson, 2020).According to a study, companies willing to experiment and learn from their mistakeshave a higher chance of success than those not. The foundation of top-down strategicmanagement is the notion that only top management is capable of contributing to strategicplanning. This tactic can be successful in a hierarchical organization with little to no horizontalcommunication.By mandating participation from all departments, top-down strategic planning guaranteesthat all units are incorporated into the overall business mission, objectives, strategies, andpolicies. The disadvantage of the top-down approach is that all rewards come from the top, andsubordinate units could go through the motions to please the boss. There will be greater topdown motivation for strategic planning the less likely it is that lower levels of the organizationwill produce fresh, novel strategic thoughts (Granstrand & Holgersson, 2020).Give an example of a learning organization from the SAUDI market. Describe the missionstatement and vision of this organization. In which way is this organization considered a4learning organization? Is it successful? What are the main problems faced by this organizationin implementing this approach? JustifyThe largest oil producer in the world, Saudi Aramco, is an example of a business that hasbenefited from the Saudi market. The company’s vision is to “become the world’s leadingintegrated energy …