Show how the elements of strategic management differ in: a)A small business b)A large multinational business c) A non profit organisation

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Strategic management as discussed in Arnoldo et al (1984 ) is a process that is made up three major elements that will enables an organization to formulate , implement and evaluate their business strategies which can either be short term or long term strategies . According to Etter (1995 these elements influence how an organization will perform in the market if it will be able to exploit its opportunities and deal with the threats it will face or even how it will handle its strengths and

weaknesses . As argued in Prashantham (2008 ) many organizations have adopted the strategic management idea as a way of trying to achieve the best operation results

The different components of this process are different to each organization depending on its size , mission and ownership . As discussed in Johnson et al (2008 ) the various components of strategic management include strategic positioning of the organization , choosing of strategies and Implementation

1 . Strategic position as described in Dess (2003 ) is described by the environment of operation , resources the company owns , its culture or traditions , its purpose of being in business and capability of carrying out its core activities

a ) The environment- as argued by Marios (2006 ) and Morden ( 2007 ) the environment in which a small business like a local supermarket , a multinational business and a non profit organization operates in differ in relation to factors like competition , economic influences technology , cultural factors and political influences . For a multinational it is exposed to a wide range of...