Annotated Bibliography Strategic Management Literature review - 1

Annotated Bibliography Strategic Management - Literature review Example The author credits that business plan and a business idea will make a company or business achieve its goals. A personal conclusion is that cost leadership or product differentiation, which would result in added value to the product or good offered to the buyer creating room for high incomes and profit. The author tries to show how people critically think to build a successful business and that is the author gives a hint on the successful ways and that is by having a business plan. The author classifies management as the school of thoughts that show management in different institutions. Mintzberg own proposal for the basic values of strategic management is criticized by using the identical criterion. The intended audience by the writer is business and people who intend to get into the business venture. The author’s purpose of the work was the show strategy paradigm where the typical planning focus for the firm prepares the financial budget with a time perspective of 12 months. The credibility of the author is that strategic management aim is to create, affirm aim and do data analysis in order to identify issues arising in the organization (Hill, et.al 2009). Special features include the collection of data entails making efforts of collecting data from other organization and even carrying out reviews from the outside environment and this is quite unique. The author concluded that survival, practical goals and operational goals must be enhanced by stakehol ders. The author’s conclusion of the work was the strategy paradigm creates good financial management.A personal conclusion is that strategic paradigm is a way of performing financial management that grows the company’s economy and growth. A theme of the study was to focus on how business is run by the microcomputer and these are the relationships that are accorded in business. Weaknesses are the challenging factors that an organization will face, altering the smooth flow of production strategies.