Course review journal
The course has been about strategic and how businesses can rely on different strategies to accomplish their goals and how they treated the competitions. The materials have been critical in the analysis of the external environment to the competition and ho the firm’s strategy can be tailored to fit the environment it is operating in by identifying the competitors and the use of multiple analytical tools should be utilized effectively. The use of analytical tools should be based on the metrics that can be ascertained based on the data collected in the external environment and how it can be utilized to measures the goals of the firm and what has been achieved at different intervals.
The course strategies lessons further dealt with an analysis of the internal resources and capabilities of the firm. The firm has to base its strategies and operations on the resources that it holds and the way that it can effectively apply the available resources to obtain the favored results. Firms have to understand that strategy is restricted by the internal resources that it holds and the skills and the ability to turn the resources into products that can be utilized in the production process. As a process, when applying the resources, an internal analysis of the firm is required and helps in avoiding investing in areas where the firm does not have the capacity and ability to undertake operations.
Analyzing the course materials one gets to learn the role that analytical tools play in the development of eth strategy, not only analyzing the environment but providing a platform for one to grow their strategy ensuring it is covering more issues. The more issues will lead to an integration of the way that the strategies can be applied in different areas and used as points where more strategies can develop to serve the interests of the firm. Through the process, the firm can serve the interest of the shareholders and stakeholders.
The course did teach me how to work with partners and how to learn how to maximize on the time allocated for certain projects. This is an important tool as it helps in the development of time-sensitive issues and ensures that communication can be communicated directly in a limited amount of time while being able to deliver the core messages of the information and project. Project and time management are essential to any firm as they help in ensuring that the firm is catering to the needs of all the people in the firm while at the same time providing others with an opportunity to present their ideas.
The course is important as it helps in understanding how different strategic analytical tools can be used in the application of the tools to evaluate the internal and external environment of the business and come up with the case and business-specific strategies and business plans. The use of Sun Tzu, The Art of War as a teaching tool proved to be of importance as it helps businesses to understand how to operate when they are at different levels within the market and how business can increase productivity be competitive even when they are lacking the resources to compete with rivals in the market. I hope that I will apply the resources that I have learned in the business course in the future as an employee and as a business manager in the future and hope I can integrate the course principles into other courses.