Part 1 -Need 200 – 250 words in APA format with scholarly references (journal articles) within the last five years to answer the following:Noorale cited Pearce II and Robinson (1985) defining strategic management as “the set of decisions and actions resulting in the formulation and implementation of strategies designed to achieve the objectives of an organization.” Does this definition describe the relationship between strategy and decision making in today’s organizations? Why or why not?

Nooraie, M. (2012) Factors influencing strategic decision making processes. International Journal of Academic Research in Business & Social Sciences, 2(7), 662-645. Articles attached.

Part 2

Need 200 – 250 words in APA format with scholarly references (journal articles) within the last five years to answer the following:Consider Kim and Mauborgne’s (2005) blue ocean strategy and Michael Porter’s strategy theory. Which is the more effective to achieve competitive advantage? Why? Articles attached.

References

Kim, W. C., & Mauborgne, R. (2005). Blue ocean strategy: From theory to practice. California Management Review, 47(3), 105-121.

Porter, M. E. (2008). The five competitive forces that shape strategy. Harvard Business Review, 86(1), 78-93.