Unlock the secrets of strategic management with analytic and emergent models


Are you a business professional looking to develop your skills in strategic management? If so, it is essential to understand strategic management’s analytic and emergent models. The fact is that since we live in a technology and data-rich world, business leaders must inform themselves on strategic management issues. In this article, we’ll explore the basics of strategic management. We’ll also discuss its benefits, the analytical and emergent models, and MBA online programs.

The business climate is infinitely more complex than it has ever been. As a result, MBA online programs, such as Kettering University Online, offer the latest theory and practice for those wanting to advance in their careers. For leaders to achieve top performance, they should understand the topic entirely. Of course, strategic management is one of the essential disciplines for students.

Strategic management allows leader to set goals, processes and objectives to ensure that a company or organization stays competitive. In general, strategic management seeks to effectively deploy teams and resources to achieve company aims. Strategic management often includes strategy evaluation, internal organization analysis, and strategy execution throughout the company.

If you’re interested in finding out more about strategic management, you’re in the right place. By the end of this article, you’ll have a better understanding of strategic management and how to use it to drive business success.

What is strategic management?

Strategic management is the process of managing the resources of an organization to achieve the goals and objectives set by the business. It involves a series of steps, including identifying the organization’s mission and objectives. It also consists of evaluating the external and internal environments and developing strategies to achieve the goals. Most importantly, it encompasses aligning both people and processes toward success.

Strategic management is an integral part of any company’s overall business strategy. Moreover, it helps to ensure that the organization remains competitive. Strategic management goes beyond merely setting goals – it means continuously understanding the business landscape and environment. As leaders and teams gain new insights, it means creating strategies for goals and executing them to achieve the desired results.

Strategic management aligns processes and people at a time of tech and overwhelm and where companies work with distributed teams. Thus, it’s a long-term approach to planning and decision-making. It involves continuous assessment of the current situation and analyzing opportunities and threats. It also consists of setting objectives and goals and creating an actionable plan for results. Therefore, companies need professionals who are well-trained in strategic management.

In fact, the process of strategic management is dynamic and iterative. It involves the continual evaluation and adjustment of approaches to ensure success. It also consists of the assessment of performance and the implementation of corrective measures if necessary. As we know, teams learn from failure, but leaders and managers need to allow for a learning culture, including failure. Those trained well in strategic management know that failure is simply part of the learning process.

Benefits of strategic management

The benefits of strategic management are numerous for companies that want to achieve solid profitability. For instance, the concept allows businesses to identify and capitalize on opportunities. As an example, knowing about new products on the market helps a business refine its own products. Of course, the strategic management process allows a company to ensure competitive advantages. In turn, it reduces risks and uncertainty and maximizes efficiency and effectiveness.

A focused approach also allows companies to stay competitive and better align their resources. Therefore, leaders trained well in strategic management ensure that their people and processes align with their goals and objectives. Moreover, it helps to ensure that companies focus on the right goals and take the right actions to reach them. Additionally, strategic management helps businesses to create a shared vision. So, it fosters alignment among the various departments and stakeholders involved.

Another benefit of strategic management is that it ensures that business leaders better understand their competitive advantages and disadvantages. Unfortunately, in the day-to-day rush, it’s easy to become myopic in thinking. So, if leaders train and understand strategic management, they avoid some of the hazards of singular thought. For example, they prevent the risk of falling into groupthink. Therefore, the strategic management approach ensures critical thinking and questioning. This allows leaders to make informed decisions and avoid costly mistakes.

Strategic management is essential in today’s business environment, which is characterized by rapid change and increased global competition. By implementing strategic management processes, companies can anticipate and respond to changes with agility and remain competitive.

Analytic models of strategic management

The design of analytic models of strategic management helps companies develop strategies based on data and evidence. These models involve using analytical techniques such as cost-benefit analysis, SWOT analysis, and other quantitative methods. In doing so, leaders assess the external environment and develop strategic responses. Companies often use analytical models to identify opportunities in the external environment.

They use these models and develop strategies based on data-driven insights. For instance, you can use analytic models to evaluate the potential success of a launch before implementation. Therefore, the process allows leaders to identify potential risks – and, more importantly, make adjustments accordingly to prevent a loss of earnings. Additionally, analytic models enable leaders to compare approaches to determine the most effective.

As discussed, business leaders use analytic models of strategic management to analyze and develop strategies. In turn, it allows them to identify and evaluate potential scenarios with the best chances for success. Moreover, in today’s data-rich environment, leaders use these models based on data analysis and quantitative methods. Aside from SWOT analysis, some other approaches of analytic models include the SWOT analysis, the PESTEL analysis, and Porter’s 5 Forces analysis.

Emergent models of strategic management

Leaders use emergent strategic management models to help companies develop strategies based on observations and experience. These models use qualitative techniques. For instance, they gather insights based on interviews, focus groups and other methods. In so doing, it allows companies to assess the external environment and create strategies. In contrast to analytic strategic management models, emergent models are more qualitative and focus on strategy formation.

As we know, businesses operate in a highly complex and dynamic environment. As a result, trends happen quickly, and some can fade just as quickly while others take root. Thus, leaders use emergent models of strategic management to identify potential risks and opportunities. They then create strategies to capitalize on those opportunities. Furthermore, companies often use emergent models to identify trends in the external environment.

Qualitative approaches allow companies to develop creative plans based on the current environment and identify improvements. For example, by using focus groups, they could discover what pain points customers need now and in the future. Also, if companies use surveys – say, with their teams – then they could learn about emerging dynamics, ideas or innovations. Additionally, with these models, leaders evaluate approaches and adjust as needed.

Examples of emergent models include the Miles and Snow Strategy Model, the Ansoff Matrix, and Porter’s Generic Strategies. The Miles and Snow Strategy Model is a tool used to analyze an organization’s strategy and identify the type of company. The Ansoff Matrix is a tool used to analyze the potential for growth in a market and identify potential strategies for growth. Porter’s Generic Strategies is a tool used to identify the competitive advantage that a company has over its competitors.

MBA online programs in strategic management

Now that you know a bit more about strategic management, let’s discuss MBA online programs. These programs provide an in-depth look into the principles and practices of strategic management. An online MBA offers a convenient and effective way to develop your skills in strategic management. Because of the complex and ever-changing business environment, it requires agile, curious and trained leaders.

In an MBA online program, you learn to analyze an organization’s external and internal environment. Furthermore, you know how to develop robust strategies to achieve goals and objectives. Also, you learn to evaluate processes’ performance and identify improvement areas. In short, online MBA programs offer a variety of advantages that make them attractive to students.

Online programs allow students to study from anywhere. This allows them to balance their studies with other commitments, such as work. The best online MBA programs provide students with access to various resources. For instance, universities offer career counseling, academic support and networking opportunities.

Specific to strategic management, in many programs, students gain a comprehensive education in strategic management. These programs cover various topics, including data analysis, organizational behavior and business strategy. Additionally, some online MBA programs allow students to gain hands-on experience through case studies, simulations, and other exercises.

Advantages of online MBA programs

Online MBA programs offer several advantages over traditional MBA programs. For one, they provide greater flexibility and convenience. As stated, you can study from the comfort of your home and at your own pace. And if you happen to have a busy career that takes you places, you can also take classes from anywhere.

So, if you’re considering returning to school, consider an online MBA program. And when you do your due diligence, explore university resources, including their educational platforms. For instance, find out how they deliver lectures, readings, video tutorials and discussion forums. Ask about how students typically interact with faculty and other students and get the support they need for success.

Strategic management best practices

Strategic management is an integral part of any organization’s business strategy. Still, it’s essential to follow certain best practices to ensure that a company makes the best decisions for the desired results. Here are some of the best practices for strategic management:

  • Develop a clear vision and set measurable goals.
  • Know the external environment in which a company operates and identify potential opportunities and threats.
  • Continuously analyze the internal environment and identify strengths and weaknesses.
  • Create an actionable plan that considers the organization’s resources and capabilities.
  • Communicate the project to all stakeholders and ensure that everyone is on board.
  • Monitor and evaluate the progress of the strategies and make adjustments as needed.

Applying strategic management principles

Once you understand the principles of strategic management, you can begin applying them to your business. When a company has developed a comprehensive strategy, it’s vital to apply strategic management principles to achieve the desired results. Doing so involves actively monitoring the strategy’s progress and making necessary adjustments.

By applying the analytic and emergent models of strategic management, you can continuously identify potential strategies for profitability and growth. Furthermore, you have the opportunity to evaluate the performance of existing plans. It’s also crucial to communicate the program to all stakeholders and ensure that everyone is on board.

Remember that you can use the analytic models to analyze an organization’s external and internal environments. It’s a more quantitative and data-centered approach to identifying and developing potential strategies. Alternatively, using more quantitative information, you can use the emergent models to understand a company’s opportunities. As a result, you can align internal dynamics with the organization’s culture and values as you develop plans.

It’s essential to stay current on emerging trends and developments in the external environment and adjust the plan accordingly. Doing so helps organizations stay ahead of the competition and capitalize on opportunities. Additionally, leaders and companies should stay open to feedback from stakeholders and remain willing to make changes as needed.

Why strategic management principles matter in the knowledge age

Strategic management principles matter in the knowledge age. For one, they enable executives to think more strategically and devise higher-level strategies. Also, they create organizations designed for long-term success. As we know, this is a time when information is so accessible from any device. So, it’s more vital than ever to know how to connect data points and use them strategically to achieve business goals.

As companies grow, they need to ensure their profitability. At the same time, they should also aim for long-term growth. Therefore, it’s vital to strike a balance between these two strategy elements. Growth is achieved by expanding into new markets or acquiring another company. On the other side, profitability happens by streamlining processes or implementing new technology.

Following a growth strategy is essential to make growth and profitability goals a reality. Leaders should always look to know where growth opportunities lie, how to achieve that growth, and how to measure the growth objectives. These ideas are at the foundation of strategic management. It is essential for business leaders to fully understand core strategic management when formulating new plans.

Application of analytic and emergent models

In the real world, companies can use analytic and emergent models to evaluate the potential success of their strategies. In the process, this advanced information helps companies identify potential risks. At a time when mistakes could become very costly, predicting results allows leaders to make adjustments accordingly. Additionally, leaders use these models to compare different plans. This allows them to critically determine the most effective one.

Once leaders identify potential strategies, they can evaluate them using the analytic models of strategic management, for instance. You can use the analytical models to analyze each strategy’s potential risks and rewards. You can also use them to identify the most viable options in your given situation. Additionally, you can use emergent models to identify trends. This allows you to develop strategies based on a deeper understanding of the situation.

Strategic management in education and business

In conclusion, strategic management is integral to any organization’s overall business strategy. Leaders use it to help ensure that the organization remains competitive in a highly complex world. As discussed, strategic management models include analytic and emergent models. You can use both approaches to develop comprehensive strategies based on data and observations.

Online MBA programs offer students the knowledge and skills needed to excel in the field of strategic management. As mentioned, strategic management principles matter in a highly complex and dynamic world. For instance, they enable executives to think more strategically. They also help them devise higher-level strategies and position an organization for long-term success.

Businesses that integrate these principles have the upper hand to succeed in the knowledge economy. A critical step in this process is to assess a company’s strengths and weaknesses. Moreover, it’s vital to fully identify strategic goals in relation to competitors. By knowing the pluses and minuses of a business, companies can better compete with full facts.

If you want to find out more about strategic management, consider enrolling in one of the online MBA programs. These programs provide students with the opportunity to gain hands-on experience, which is vital in today’s business climate. With the proper knowledge and skills, you can unlock the secrets of strategic management and drive business success.

Pax Heber
the authorPax Heber