Literature review (plz read the instruction) Essay

Literature review (plz read the instruction) - Essay ExampleThe literature review of this consider would mainly focus on the strategic planning practice on a micro activities take aim and it requires the organization to put in place a number of initiatives such as design, planning and implementation strategies. Critics points out that the strategic environment demands attention to be paid to such variables as internal prime(a) forethought, Human Resource Management (HRM), internal value chain analysis, supply chain management, product portfolio development, product & marketing mix, market segmentation, event life pedal management, strategic product/customer/market orientation, a sound communication strategy and above all a competitor orientation strategy.Butler (2001) pointed that a perceptual mapping process to achieve strategic and organizational goals is nothing new in the micro level firms own in operation(p) environment. Thus the current dichotomy between strategic competi tive environment and strategic operational environment is based on the organizational outcomes. The micro level activities of the firm are subject to a greater amount of competitive pressure than those firms which exclusively produce in order to sell in the domestic market or export physically. Thus the competitor orientation strategy of the micro level firm is determined by the level of internal and outside competition. How best to meet this competitive pressure depends on the micro level firms ability to absorb excess demand through subject matter and value creation. Internal value chain management process of the firm decisively places some limitations on its ability to meet this extra demand. Therefore its the pricing policy, HRM and internal management culture that ultimately enable the firm to meet this demand successfully. If the attendant VRIO (value, rarity, inimitability and organization) framework is sound enough to enable the management of the company to withstand pres sure and devise