Expert answer:Strategic Management

Solved by verified expert:Final Lecture: Dressing Up Like a Firm This is important for three reasons: a. To connect the concepts and enhance your understanding of the course( Strategic Management ). b. To demonstrate the relevance of the material to personal decision-making. c. To better equip those of you who plan to teach business. This semester, my article titled “Lessons Learned When Dressing Up Like a Firm: Personal Strategic Management” will be the final lecture. Access the article at
http://scholars.fhsu.edu/cgi/viewcontent.cgi?article=1151&context=jbl. Please read the article, and submit a short essay (DO NOT EXCEED 1 PAGE) on how the lessons learned will affect your strategic decisions in the future. Attached files by APA style. I will upload one example. U can serve as a reference.
dulaf.docx

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DULAF
We are living in an area of globalization, and competition is one of the most
interesting thing no matter what industry we are talking about, Innovative strategies and
creative plans are absolutely one of the key factors of success. The article “dressing up
like a firm” have had an impact on me and how to make decisions. For example, I can
know what the firm is worth and how it is that I will make more profits for the company
as well as for me as an individual, knowing what kind of credit tpo get and what expenses
should be cut…
I definitely feel better after taking the class, it shaped my vision toward the future
and I also developed different skills on how to operate in a good way in any business I
am handling, I can develop a SWOT matrix as well other tools that would help me decide
on the strategies and after making these strategies, I can then implement them and
evaluate how they would be an advantage to my business compared to the competition
where I am put. Another thing is the financial statements that I can read more easily and
then strive better results in the years that come.
As a conclusion I would say that the article “DULAF” helped me realize that
small businesses or firms can become bigger and stronger and make better decisions and
realize more profits by performing effectively and efficiently, and so competition can be
both a good and a bad thing for companies depending on how the staff, employees and
top level managers deal with it and depending on how strategies are being made.
…
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