Life Cycle Management Research Papers (original) (raw)

Policy is bolstered by what is recognized as strategy in corporate management jargon. Strategy is the broad definition of an undertaking's aims and the identification of distinct routes of execution to fulfill the undertaking's envisaged... more

Policy is bolstered by what is recognized as strategy in corporate management jargon. Strategy is the broad definition of an undertaking's aims and the identification of distinct routes of execution to fulfill the undertaking's envisaged objective. Strategy configuration, similar to policymaking, may be regarded as a decision-making mechanism that is broadly associated with the conception of an enterprise's ambitions, the deployment of its assets, and the environmental considerations. Strategic management, on the other hand, comprises the mechanism of establishing an organization's purposes, formulating policies, initiatives, frameworks, and schemes to fulfill such objectives, and allocating resources to execute the policies, initiatives, frameworks, and plans. To contextualize, strategic management comprises the management of the interrelated components of the strategy framework, encompassing strategy formulation, strategy execution, and strategy evaluation. Premised on such arguments, I sought to elaborate and disclose a research paper in the form of a report, the core feature of which comprised reviewing and critically analyzing strategic management components, theories, and deployments in the context of the soft drink industry and relative macroeconomic complexities, with The Coca-Cola Company serving as the organization under scrutiny in terms of strategic management endeavors. The report embarks on a synopsis of the beverage behemoth, its mission and vision statements, and its standing in the marketplace. A thorough literature review pertaining to Coca-Cola's OD configuration enabled the researcher to identify the constituents of the company's decentralized model, its execution prowess in adjusting to market variations, and how it all enables the firm to stimulate protracted sustainability. The external context was then comprehensively evaluated, with the goal of identifying opportunities, unfavorable scenarios, and formulating practices that may convert existing constraints into diverse elements of profitable advantages, all while employing two among the most comprehensive instruments available in strategic formulation. An exploration of Coca-Cola's resolve in coping with relevant macroeconomic components was also undertaken. The research then underlines the significance of appraising the organization's strategic orientation, as well as the relevance, formulation, execution, and evaluation of strategic management approaches essential in attaining desired objectives and effectiveness over time. Ultimately, a range of leadership models were investigated in order to carry out the strategic management process, whereas establishing relevant effects on organizational performance, retention of corporate values, and fulfillment of the company's CSR constituents.