post responce m14 510

1st post (1)1.
The business sectors have undergone numerous changes throughout the twenty-first century. Over
the last decade, the business sector has witnessed transformations due to factors such as
privatization, liberal policies, and globalization (Haidt, 2016). These alterations in the business
environment frequently generate profits. Therefore, environmental transformations will occur within
the next decade, and businesses will be forced to adapt in order to survive. The most significant shift
in the business environment over the next decade is anticipated to be technological. A multitude of
technological advancements occur on a daily basis (McCollum, 2015). The majority of organizations
integrate technology into their personnel by utilizing machine learning and artificial intelligence to
complete a variety of tasks. Within a decade, labor practices will be reorganized as machines replace
humans in a variety of occupations as a result of automation.
In addition, globalization will alter the business environment as a result of geopolitical unrest, resulting
in open border policies and global citizenship (Haidt, 2016). Many businesses have been able to
expand their operations by establishing outlets in numerous countries. An analogous consequence of
nationalism’s impact on business is a decline in outputs. As a consequence of globalization, the
inundation of foreign markets will prompt domestic authorities to erect tariffs and barriers in order to
regulate imported products, which will ultimately impede economic expansion (Haidt, 2016). The
Ukraine-Russia conflict, the most recent instance, has demonstrated the effect that trade regulations
have.
2.
Moving targets is, in my opinion, the most influential topic in strategic management in Saudi Arabia.
The subject matter concerns the fluctuation and veering of an organization’s objectives. Strategic drift
transpires when the approach adopted by an organization ceases to be relevant in the present
context (Grant, 2021). Due to the alterations in the business environment, certain previously
implemented strategies have become antiquated. Drifting and shifting will guarantee the survival of
the business through the investigation of fresh opportunities. The subject matter would have the
greatest impact on KSA because it would assist managers in evaluating their business strategies in
order to maintain their effectiveness and market relevance. Moreover, this would enable them to
predict and make arrangements for market fluctuations (Grant, 2021). In addition, they will be able to
utilize technological advancements such as social networks by deviating from conventional business
frameworks through this topic.
References
Grant, R. M. (2021). Contemporary strategy analysis. John Wiley & Sons.
Haidt, J. (2016) ‘When and Why Nationalism Beats Globalism’, Policy, 32(3), pp. 46–53. Available
at: https://search.ebscohost.com/login.aspx?direct=true&db=a9h&AN=121751385&site=ehos%20tlive
McCollum, T. (2015) ‘The Growing Divide,’ Internal Auditor, 72(1), p. 15. Available
at: https://search.ebscohost.com/login.aspx?direct=true&db=bsh&AN=108974427&site=ehos%20tlive
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2nd post ( 2 )
Introduction
The proliferation of emerging technologies and innovations in business practices
impacts the strategic management of organizations. The operational administrations evaluate
the external environment trend and control the workplace social environment according to the
requirement. This study discusses the trends in the global environment for the next ten years
and provides the three strategic practices for KSA companies based on socio-cognitive
perspectives in strategic management (Grant, 2019).
Next Ten Year’s Global Business Environment
The global business environment is constantly evolving; it is complex for international
vendors to manage the dynamic economic, political, and social factors that impact business.
Companies are moving from traditional working practices toward technological function, so
there would develop a technical and skillful workforce after ten years, and the technology raises
cultural awareness in communities, so the business would face an environment of cultural
competencies, so business leaders would likely to adopt the new operational strategies to align
system of a multinational organization with the cultural environment. The oil and petroleum
manufacturing organization may face the challenge of operating due to the higher allegations
from environmental protection agencies. On the other hand, companies can face legal
consequences after violating data protection laws because it would be difficult to maintain the
privacy of sensitive datasets (Witt, 2019).
Three Topics For Strategic Management In KSA
Impact of Cognitive Behavior on Organizational Goals:
Companies develop strategies by considering all the external and internal factors that
may influence their goals, but the article highlights that managers ignore the emotional aspect
of decisions. In the institutional process, I think the first area for the KSA management is to
consider the employees’ emotions within the company when making decisions. Why? It is
important because it develops the motivation in the team to work for the common business
goal (Pfarrer et al., 2019).
charting strategic Drift & shift (Moving Targets)
Companies should shift from the family firm’s system to the social system, and due to
the advanced strategic frames, firms need to adopt external strategies, which help overcome
these issues. It is the second area that can impact the KSA decrease if the companies don’t align
the internal environment with external changes and do not prepare the plan on time; they will
no longer operate in the competitive markets or compete with rivals (Pfarrer et al., 2019).
Understanding Managerial Biases & Attention (Inside the Mind)
The variation in the business attributes compared with arbitrage competitors provides
a competitive advantage to the firm over the rivals. Companies must research historical data
and areas of potential growth before deciding to acquire or merge. So, the KSA organization
needs to consider this lesson from the article while making the decision of strategic choices;
the strategic management needs to apply new techniques to operate within the combined
business because the solved venture practices cannot apply in mutual business due to sociocognitive factors (Pfarrer et al., 2019).
Conclusion
Effective strategic management has a significant role in the business’s success; the
administrations evaluate the environment’s external changes and try to align the business with
external trends. The article provides a lesson to Saudi organizational leaders: to consider the
viewpoints and emotional aspects of the team to achieve the goal with high efficiency (Grant,
2019).
References
Grant, R. M. (2019). Contemporary strategy analysis : text and cases (10th ed.). John Wiley & Sons
Inc.
Pfarrer, M. D., Devers, C. E., Corley, K., Cornelissen, J. P., Lange, D., Makadok, R., Mayer, K., &
Weber, L. (2019). Sociocognitive Perspectives in Strategic Management. Academy of
Management Review, 44(4), 767–774. https://doi.org/10.5465/amr.2019.0185
Witt, M. A. (2019). De-globalization: Theories, predictions, and Opportunities for International
Business Research. Journal of International Business Studies, 50(7), 1053–1077.
https://doi.org/10.1057/s41267-019-00219-7
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