MGT 510 CSU GLOBAL Future of Private University Discussion – Description
As we move into the last week of our stimulating, interactive dialogue, we concentrate on reinforcing the concepts, theories, language, and principles covered in MGT510. We will finish our discussions by concerning ourselves with major trends affecting strategic management.
The Boston Consulting Group (2020) has identified five major trends that will impact the operational context of business for the next decade. These trends are the following:
Mastering the new logic of competition
Designing the company of the future
Applying the science of organizational change
Embracing the business imperative of diversity
Optimizing for both social and business value.
Since strategic management is about gaining and maintaining competitive advantage, managers will need to be cognizant of these trends, understand the strategic implications for their organizations, and take appropriate actions.
Please review these trends on the Boston Consulting Group website and perform research to gain a better understanding of the issues that are associated with each of them. After you have completed your review, select an organization with which you are familiar or for which you work currently, and respond to the following items:
Which of these trends might exert the largest influence on your chosen organization’s operations over the next 5 to 10 years? Why?
Which of these trends might be the most difficult for the managers in your chosen organization to accommodate? Why?
How should the managers alter the organization’s current strategies or adopt entirely new strategies based on the likely impacts of these trends? What changes might be required?
How might these trends influence your career choices over the next 5 to 10 years?
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