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Strategic Management and Strategic Competitiveness

A solved assignment discussing strategic management and competitiveness in business.

Benjamin Clark
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Running Head: Strategic Management and Strategic CompetitivenessStrategic Management and Strategic CompetitivenessTitle:Course Name:Topic Name:Professor’s Name:Student Name:Date:How did globalization and technological changes impact Blockbuster's strategic management,and how did the IndustrialOrganization and Resource-Based models influence its competitivestrategy? Discuss the role of vision, mission statements, and stakeholders in its success or failure.Word Count:2000-2500 words.

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Running Head: Strategic Management and Strategic CompetitivenessIntroductionStrategic management isan organizedmanagerialaction anddecision that determines the long-runoperationof a corporation. Itcomprisesenvironmental scanning (bothinternal andexternal),strategy implementation,strategy formulation, andcontrol and assessment(C C Snow & V LStreet, 2004). Strategic competitiveness is achieved when acorporation effectivelyimplementsandformulates a value-creating strategy.Globalization is an importantconcept which hasbecome thecorefactor intoday’sbusiness life during the last few decades.Itaffects thesociety,economy,businesslife,andourenvironmentinseveralways,andnearlyallbusinesscorporations have been affectedglobalization(C C Snow & V L Street, 2004).On the other handtechnology one of themost important meansof competition and the qualityand valueof goodsand services. Thebusinesscompany has to use the latesthightechnology for increasing theirquality ofsales and product.Globalization and technology changes have impacted the corporationBlockbuster is a leading globalcompany that providesin-home rental and retailgame andmovieentertainment.It mainlyoperatesits businessin the UnitedStates,Asian countries,Europe,Mexico,Canada,Latin America,andAustralia.Since 1985 the companyhave beeninvolvedwithbusiness whenDavid Cookfounderof theBlockbusteropened his first video rental store inDallas,United States. In 1993 the company merged withtheViacom, butthis mergingwasfailedso ViacomtakeBlockbuster for $8.4 billion dollars.AlsoBlockbuster movedto itsbusinessacross theworldandin United Kingdomthe companybecameanumber one video store.In2000
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