Saturday, December 28, 2019

The American Dream - 996 Words

My definition of American Dream If we ask most Americans what is the American Dream? the common answers are to become successful, rich, owning houses, cars and etc. In other countries, many people see America as a land of opportunities for a better life and that is the reason why they come here. Every individual who come to America have their goals or dreams that they want to fulfill in life that they can not fulfill in their own country. In another word, their American dream are to have better life for themselves and their children, better education, more rights, and freedoms. For instance, my parents came to America so we could have a better life and better education that we could not have in our country. That was their definition of†¦show more content†¦To sum up, these are the reasons why having a better education and being well educated is one of my definitions of American dreams. Having the rights and freedoms of American citizens is another one of my definitions of the American dream. In America, to be able to express oneself and their opinion, vote and have freedom of religion is a great privilege. For example, in my countries, people could not even express themselves or their opinion about the government. It does not matter if they like the government or not because they were not given a choice. They can not even choose who is going to be the leader of their government because they did not have the right. Also, they must worshipped what the government wanted them to worship because they did not have the freedom of religion. In another word, the government has all the power, and whoever go against it could end up with terrible consequences. In summary, these are the reasons why having the rights and freedoms of an American citizen is my meaning of the American dream. To be successful is the biggest definition of the American dream. For me, to be successful is to be able to have and own a nice house and a nice car, have a good paying job that I like and have a happy family. For example, when my family first moved in America, we were so poor that we did not have a car. My dad only has one bicycle that he went to work with in every season,Show MoreRelatedImmigrants And The American Dream1362 Words   |  6 PagesImmigrants and the American Dream In the article â€Å"The American Dream†, by James Truslow Adams in The Sundance Reader book, he stated that the American dream is that dream of a land in which life should be better and richer and fuller for everyone, with opportunity for each according to ability or achievement. It is a difficult dream for the European upper classes to interpret adequately, and too many of us ourselves have grown weary and mistrustful of it. It is not a dream of motor cars and highRead MoreThe American Dream By Kimberly Amadeo1637 Words   |  7 PagesNowadays, a large number of people migrate to the United States to work and achieve the American Dream. According to the Article â€Å"What is the American Dream?† by Kimberly Amadeo, â€Å"The American Dream was first publicly defined in 1931 by James Truslow Adams in Epic of America. Adam’s often-repeated quote is, ‘The American Dream is that dream of land in which life should be better and richer and fuller for everyon e, with opportunity for each according to ability or achievement.’† There are many peopleRead MoreAnalysis Of The Movie The American Dream 754 Words   |  4 Pages Nyreel Powell Ms. Jones American Literature 1 June 2015 The American dream in A Raisin in the Sun Have you ever had a dream and it didn’t come how you wanted it to be? Have you ever had accomplishments that you wanted to achieve but people were getting in the way of them? The four main characters in this book all have good dreams but there are people in the way of getting to those dreams or their dream is too high to accomplish. A Raisin in the Sun a play written by Lorraine Hansberry, andRead MoreSister Carrie and the American Dream1618 Words   |  7 PagesThe American Dream is surely based on the concept of â€Å"Life, Liberty and the Pursuit of Happiness† but it is above all, a matter of ambition. James Truslow Adams, an American writer and historian, in 1931 states: life should be better and richer and fuller for everyone, with opportunity for each according to ability or achievement†, which not only points towards a better standard of living for Americans but also denounces a degree of greed in the US society. Ambition not only â€Å"killed the catâ₠¬  butRead MoreGrapes Of Wrath And The American Dream1644 Words   |  7 PagesThe idea of the American Dream is ever changing depending on the person and the time of life that person is in. Although the main ideas of the American Dream remain the same to be educated, economically sound, healthy, to have a family, and equal rights. Many great films and works of literature were created to show case all the different ideas people have for their American Dream. The film â€Å"Grapes of Wrath† directed by John Ford and the poem â€Å"I Will Fight No More Forever† by Chief Joseph, both depictRead More Destruction of the American Dream Essay2145 Words   |  9 PagesDestruction of the American Dream I’ve talked about it in the past, the destruction of the American Dream. Always, there have been papers, writings, and thoughts that quantify a particular section of its ultimate demise, be it due to money, education, or sexuality. Maybe the destruction cannot be viewed as a singular event or cause. Perhaps instead it must be examined as a whole process, the decay and ultimate elimination of a dream. Self destruction, if you will†¦ Mr. Self Destruct Read MoreSuccess As One Of The American Dream1137 Words   |  5 PagesApril 2015 Success as One of The American Dream When we hear the word â€Å"success†, we often think of wealth and money. To some people, the embodiment of being success is earning a lot of money. In fact, the concept of success is primarily based on how much money a person earns. However, each person views the definition of success differently. One way to define success is something that has more to do with flash than it does with substance. John Wooden, an American basketball player and coach viewRead MoreJim Cullen And The American Dream2081 Words   |  9 Pages The American Dream, as defined by Cullen, is starting your goal off with a little and ending with more; it s like a business, you invest in it in order to gain more money. Usually, people will define the American Dream as being able to achieve your goal because everyone is offered opportunities. Cullen does acknowledge that people are born with different opportunities, so he talks about the good life. The good life describes different factors that determine your opportunities. Throughout the otherRead MoreFactors Influencing The American Dream1834 Words   |  8 Pagesindividual to succumb or to not succumb to the seductions of crime. These three factors are brilliantly portrayed in the television show, Breaking Bad and the novel, The Stick Up Kids. The American Dream is what many American citizens strive for. However, not all of those citizens are able to achieve the American Dream through a legal pathway. The reason an indivudal may not being able to do so is because of his or her background factors. It is important to note that background factors are a fractionRead MoreShark Tank And The American Dream1755 Words   |  8 PagesShark Tank and The American Dream The TV show Shark tank embodies everything the American dream represents. The show obtains successful Entrepreneurs ready to invest their own money into other Americans wanting to be just like them, reaching the American dream and become a successful entrepreneur. The show presents entrepreneurs working towards the goal of creating a business to not only gain wealth but also change the way we live today. The show is to keep the American dream alive and well while

Friday, December 20, 2019

Essay about Modernism in T.s. Eliotss the Wasteland

Modernism in T.S. Eliots The Wasteland Modernism has been defined as a rejection of traditional 19th-century norms, whereby artists, architects, poets and thinkers either altered or abandoned earlier conventions in an attempt to re-envision a society in flux. In literature this included a progression from objectivist optimism to cynical relativism expressed through fragmented free verse containing complex, and often contradictory, allusions, multiple points of view and other poetic devices that broke from the forms in Victorian and Romantic writing, as can be seen in T.S. Eliots The Waste Land (Levanson). The varied perspectives or lack of a central, continuous speaker uproots The Waste Land from previous forms of poetry;†¦show more content†¦Thus faced with this paradox, the reader is privy to one of the modernist themes in the work: individuals are permanently estranged, each bearing a unique identity, yet they are able to connect with each other to create a kind of coherence, however temporary. Of course, Matthew Arnold wrote something very similar in To Marguerite: Continued, but up until Eliots The Waste Land, this truth was never illustrated in the lyrical construction itself. Eliot also employs fragments in the work, further articulating his modernist ideas. These fragments are sometimes used to blur the lines between speakers, but also serve to blend opposing strands of knowledge. Trying to singularly categorize the usage of fragments is as difficult as finding a unified meaning in the poem and that is the entire point. Yet, in keeping with modernist thought, can there exist an entire point? The answer is inevitably fragmented. In lines 307-311, To Carthage then I came/ Burning burning burning burning/ O Lord Thou pluckest me out/ O Lord Thou pluckest/ burning, the words of St. Augustine from his Confessions and the Buddhas Fire Sermon are crammed together to form a new, incongruous whole. This synthesis hints at some sort of truth that may be discovered by joining these ancient bits of wisdom, two differing perspectives. However, if one assumes that something meaningful can be created from These fragments I have shored against

Thursday, December 12, 2019

Alternative Theories Rate of Interest †Free Samples to Students

Question: Discuss about the Alternative Theories Rate of Interest. Answer: Introduction The statement the interest rate is an equilibrating price matching the desire to save with the desire to invest have attracted discussion over the years. Various economist have provided their opinions on the issue of savings, investment and the rate of interest. Classicists expressed their opinion on the statement and came to conclusion that the rate of interest is the main reward which is given to people for acceptinginvestments such as bond and securities instead of liquidity. Different opinions have also been expressed by other economist regarding the same. The content of this paper critically illustrates various issues regarding the statement The interest rate is an equilibrating price matching the desire to save with the desire to invest and concludes on the same based on various economic theories. The above statement is true based on Keynes theory which states that various factors management such as abstinence and time period have no effect on the ability of an individual to part with liquidity as well as payment of interest. According to Keynes theory, interest is not compensation for the abstinence an individual saver has undergone or the time he has taken without the liquidity. However, as mentioned above interest rate is the reward an individual receives as a reward for investing his or her savings for a given period of time (Ahiakpor, 2015). Rate of interest therefore acts as a measure of the level which makes an individual saver to part with the liquid cash to make claims or accept non-liquid claims instead of cash. Based on this theory, the interest rate is therefore an equilibrating price matching the desire to save with the desire to invest as most people in the current world tend to invest or accept non-liquid claims based on the rate of interest thus the balance. The state of balance between savings and investment comes as a result of rate of interest. This is well explained by classical theory, which states that economy is at equilibrium only when the savings rate is equal to the rate of investment realized. With such sound economic reasoning t savings is equals to investments at equilibrium and this comes as a result of rate of interest even though this theory is not that clear (Friedman, 2010). The theory by classicalist explain that, when the desire to save decrease, the rate of interest will automatically increase to fuel savings and a curtailed desire to invest. However, this automatic correction of the disequilibrium between savings and investment only occurs in a full employment situation. Based on the classicists ideology the equality between the savings and investments occurs as a result of an automatic flow of equal amount of investment through changes in the rate of interest to give full employment level income. This equality between savings and investments is clearly brought about by rate of interest when the economy is on motions and other variable are constant. When variables are at the normal functioning relationship to each other, the rate of savings is therefore equal the rate of investment and are not always not only equal but at equilibrium. At such point where savings equals the rate of investment, the effect of rate of interest is crucial and can be witnessed (Ahiakpor, 2015). This is because, when investment in such economy moves up to exceed savings, the balance of the two variables is then caused by rate of interest. Interest rate is an equilibrating price matching the desire to save with the desire to invest where by when investments exceed savings a condition of imbalance between them is created and the rate of interest rises to correct the imbalance through discouraging investment thereby increasing savings (Westphal,2013). Moreover, when savings are higher above investments, the rate of interest moves down encouraging investment management while decreasing savings (Wong, 2016). Based on this classical opinion, changes in the rate of interest results into correction of disequilibrium between savings and investment (Friedman, 2010). According to the above argument therefore confirms the statement that the interest rate is an equilibrating price matching the desire to save with the desire to invest. This statement can as well be illustrated in an economic model known as the IS curve which illustrates that, at every rate of interest, savers in most cases would want to invest more leading to an increased demand higher than the expected investment level, this demand results into shifting outwards of the IS curve leading to an increased income and savings. The interest rate therefore takes control to balance disequilibrium between investment and savings in since other factors such as money supply and income cannot solve the problem. As indicated above, when other variables remain constant such as money supply, interest rate rises to restore the equilibrium balance between savings and investment. This rise in the rate of interest leads to an offset in investment demand while increases savings as illustrated through the rightward shift of the IS curve above (Hicks, 2007). The statement is also true when the level of income remains constant, an increase in the demand for liquidity results into shifts in an LM model which also explains the relationship between rates of interest, savings as well as investment where interest rate is necessary for the equilibration of investment and savings as illustrated in the two diagrams below. The shift in the above diagram indicates the rise in the interest rate in order to restore the imbalance in the equilibrium between the desire to save and the desire to invest (Hicks, 2007). With the increase in the rate of interest the desire to invest falls leading to increased savings as indicated below. Contrary to the above opinion as illustrated by various economists, the statement interest rate is an equilibrating price matching the desire to save with the desire to invest cannot be justified as a fact. This is because the theory excludes various factors which are crucial and normally results into the balance between the desire to save and the desire to invest apart from the rate of interest (Hicks, 2007). According to various economist with various opinions, the change in rate of interest cannot be the only factor which results into an equilibrium between the desire to invest and the desire to save. Changes in the rates of interest alone according to other economists cannot bring the balance between savings and investment as the desire to invest and the desire to save also depend on other marginal factors such as capital as well as other factors. A part from capital the equilibrium can between investment and saving comes as result of changes in income of an individual saver rather than as a result of changes in the rate of interest. According to the Keynes theory, it evident that equilibrium between the desire to save and desire to invest can be reached considerably lower than full employment known as underemployment equilibrium (Dooley, Frankel Mathieson, 2007). Keynes further explained that so long as the shapes of both investment schedule and saving schedule as well as liquidity schedule are focused further then equilibrium is created between savings desires as well as investment desires (Skidelsky, 2010). The opinion of Keynes just as the classical theory in relation to the statement is quite clear, it is true as he claims that investment will not smoothly flow in order to match savings with the changes in rate of interest. Howsoever, other various factors such as flexibility in wages, prices as well as cost must be cons idered to ensure the equality. The statement according to Keynes suffers various setbacks; when there is a depressions, investment demand schedule does not respond to changes in the interest rate thus cannot result into state of equilibrium between the desire to invest and the desire to save. Even though investment demand schedule may be inelastic small changes occur in the rate of interest, however, such changes cannot result into a meaningful change on investment (Skidelsky, 2010). Moreover, savings with regards to the assumptions by Keynes are similarly inelastic to small changes in the rate of interest thus even though there are considerable changes in the rate of interest there will be no significant change in the savers mind to make more savings. Further, majority of people have the desire to have cash as many fear to invest based on profit and loss speculation, so even with high rates of interest majority will tend to hold on the liquid cash resulting into a few investing thus no meaningful change in investment. A situation known as popularly called liquidity function (Wray, 2010). From these three assumption one can therefore deduce an idea that, the rate of investment by various private entrepreneurs is derived with the speculation on profits. This further show that interest rate is not the only factor which may result into a match between the desire to invest and the desire to save as privately driven economy profit motive is the only drive to investment. After stating various setbacks to the statement that interest rate is an equilibrating price matching the desire to save with the desire to invest, the theory developed by Keynes agrees that there is equality and match in the savers desire to invest and the desire but fails to support that this equality is caused by rate of interest (Garegnani, 2008). According to his theory he brings into consideration that the equality which exists between savings and investment comes as a result of the level of income as such equality exists in all levels of employment not only in a full employment (Wray, 2012). He then suggests that the state of equilibrium between the desire to save and the desire to invest comes as a result of changes in the savers income (Chenery, Lewis, De Melo Robinson, 2015). From such argument it can be agreeable that the rate interest is not only the mechanism which can be used to bring equality between investment and saving but another mechanism which income level can b e used to explain the same. The two theories bot the classical and Keynes theory agree on the state of equilibrium between the desire to invest and the desire to save but disagree on the mechanism which result into the equilibrium. The two arguments takes various situations where one views the equality in a full employment situation while the other views the equity at every level of employment (Wray, 2012). . In relation to accounting equity theory, one may pick on the Keynes theory to be the most appropriate as the two theories support each other, however, given explanations by Keynes does not match the saving and investment in terms of price. Based on the models illustrated above it is clear that the statement interest rate is an equilibrating price matching the desire to save with the desire to invest is true and it occurs at a full employment as detailed. The change in the rate of interest results into changes in desire of an individual to invest of save (Wray, 2010). Conclusion Based on the argument within the content of the essay and after deeply weighing both theories, the statement interest rate is an equilibrating price matching the desire to save with the desire to invest is true and justifiable. The rate of interest serves as a very crucial factor in equilibrating the desire to invest and the desire to save. This is because when all other factors are kept constant and are moving normally within an economy, the only equilibrating mechanism which can be employed to create balance between the desire to invest and the desire to save is the rate interest. In a situation where savings rises upwards above the required level or its demand, rate of interest as a mechanism bring various forces into operation leading to a reduced saving desire there by rendering its supply to equal demand. Moreover, the rise in the rate of saving results into reduced interest rate which in turn affects the propensity for savings thus encouraging investment making the two to be a t equilibrium. References Ahiakpor, J. C. (2015). A paradox of thrift or Keynes's misrepresentation of saving in the classical theory of growth?. Southern Economic Journal, 16-33. Chenery, H., Lewis, J., De Melo, J., Robinson, S. (2015). Alternative routes to development. In Modeling Developing Countries' Policies in General Equilibrium (pp. 179-215). Dooley, M., Frankel, J., Mathieson, D. J. (2007). International capital mobility: What do saving-investment correlations tell us?. Staff Papers, 34(3), 503-530. Friedman, M. (2010). A theoretical framework for monetary analysis. journal of Political Economy, 78(2), 193-238. Garegnani, P. (2008). Notes on consumption, investment and effective demand: I. Cambridge journal of Economics, 2(4), 335-353. Hicks, J. R. (2007). Mr. Keynes and the" classics"; a suggested interpretation. Econometrica: Journal of the Econometric Society, 147-159. Skidelsky, R. (2010). The relevance of Keynes. Cambridge Journal of Economics, 35(1), 1-13. Westphal, U. (2013). Domestic saving and international capital movements in the long run and the short runby M. Feldstein. European Economic Review, 21(1-2), 157-159. Wong, H. P. C. (2016). From the Treatise on Money to The General Theory: John Maynard Keynes's Departure from the Doctrine of Forced Saving. History of Political Economy, 48(3), 515-544. Wray, L. R. (2010). Alternative theories of the rate of interest. Cambridge Journal of Economics, 16(1), 69-89. Wray, L. R. (2012). Alternative theories of the rate of interest. Cambridge Journal of Economics, 16(1), 69-89.

Wednesday, December 4, 2019

Strategic Management Top Management Improve-Myassignmnthelp.Com

Question: Discuss about the Strategic Management for Top Management Improvement. Answer: Reviewing the essay process The proposed essay includes several stages that will be covered through the essay. Two different elements involved in preparing the essay are the knowledge of essay purpose and the knowledge essay structure. Usually, the structure of the essay covers three different segment such as introduction, body and the conclusion. In addition, the purpose of the essay and the structure of the essay can be divided into several sub-elements such as Focus, Plan, Research, Formulate Argument and Write. Focus refers to the analysis of the task, which include the particular direction of the essay, relevant information and the certain limitations. In addition, the plan of the research focus on the knowledge of the task and the initial plan. The third segment of the essay includes the research. A critical analysis should be presented in the body of the essay based on the topic given. While preparing the analysis, the existing literature related to the topic needs to be reviewed to stand an argument in the essay. In formulate the argument in the essay; it is useful to find the relevant information based on the topic. Using the contents of that document to create the plan for the essay While presenting the argument in the essay, it is advisable to include the thesis statement and formulated argument to support the thesis statement. Thereafter, body of the essay should be written with analysis or the definition of the topic. In case the topic is selected, it is effective to write up the answer with the help of subject-angle-technique of the analysis. Next step comes with identifying some key ideas related to the topic Strategic Management. While identifying the key ideas related to the topic, it is advisable to go through the course outlines and apply mind-mapping technique to identify the key ideas. The next section comes with identifying some key words for associated with the topic. Hence, it is also necessary to pay attention to some relevant journals, abstract and data materials. The existing literature may help to formulate the argument in the essay. The argument or critical statement should be expressed in clear statement. The argument requires supporting evid ences. Topic: Does strategic management contribute to the success of the organization? Introduction The strategy is considered as an action plan that is built it achieve a particular goal or a set of specific goals while running the operation in an organization framework. It is also identified that strategic management is the technique of enhancing the capabilities that allow an organization to create value for shareholders, customers while operating in a competitive environment. Some particular techniques are involved in the strategic planning that specially points out organizations mission, vision and objectives. Another technique is to develop the policies as well as plans to achieve the objectives. The purpose of the essay is to understand and analyse whether or not strategic management positively contribute to the success of the organization. The topic is presented below through a critical analysis. Body/analysis The strategic management may include the strategic planning, which comes under organizational management activity that helps to set the priorities, focus on the resources. Priem, Li and Carr (2012) stated that strategic planning could help to strengthen the operation and make sure that employees and the organization are working toward same goals and building the agreement around the intended outcome. In this context, Hair et al. (2012) stated that, Strategic planning is a process not an event. One of the major key elements in the technique is the involvement of all levels of employees throughout the organization. On the contrary, Barney (2012) opined that although preparing a consistent strategy is a difficult task for any management team, making the strategy work as well as applying throughout the organization could be more difficult. In order to support the above-mentioned statement, Morgan (2012) stated that unlike strategy formulation, strategy execution is usually observed as so mething of craft, instead of science. Therefore, it can be mentioned that effective formulated strategies may fail to develop the performance for the organization, if they are not successfully executed. As opined by Keupp, Palmi and Gassmann (2012), the application of the strategy could be the most significant challenge in management faced by all sorts of corporations. Thus, it is often seen that most of the organizations tend to apply the techniques of strategic management for their respective purpose. However, most of them fail to deal with the challenge of strategy implementation. If the discussion is stretched back to the beginning, it can be observed that strategic management is usually emerged as the part of strategic planning, which has now been regarded as one of its core instruments. In this context, Dezso and Ross (2012) added that strategic planning was incorporated into strategic management, which further includes planning and management in the same technique. Conversely, Foss and Knudsen (2013) added that strategic management is derived from the fundamental concept of organizational policy. Certain benefits can be gained by applying the techniques of strategic management. As put forward by Hitt, Ireland and Hoskisson (2012), the strategic management is dispensable for an organization to become more proactive rather than reactive in developing its own future. It could help the organization to implement the activities; thus, it could exert control over its destiny. With the help of strategic management techniques, the firms could develop the sound stra tegies by applying more systematic, logical and rational techniques to strategic choice (Willcocks, 2013). Thus, to understand this popular concept, Pierce and Aguinis (2013) provided an example, which states that making sound strategy, the communication can be improved through dialogue and participation. By improving the communication, people could understand views of others and organizational commitment. It also helps to build the commitment, which further helps to achieve the objectives as well as implement the strategies. The outcomes with the fact that all leaders and employees work on mission to help the company to achieve success. In order to agree with above-mentioned fact that, Vogel and Gttel (2013) put forward that a well-built strategy needs all members work on particular mission; thereby, the entire concept of strategic management is an effective way to encourage all leaders, managers and employees dedicating to the firm. Furthermore, it has also been identified that strategic management enhances communication; therefore, the employees to learn what the organization does, how to achieve the objectives. Thus, they could engage themselves into the enterprise and make commitment for the same. Once the communication is developed, the managers and employees form an effective relationship by understanding each other, which is necessary to work on organizational mission. In addition, if the internal communication is developed, the external communication can also be developed. The firm could develop an effective relationship with the customers to learn the changing needs of the market. For example, Samsung has i mproved a strong customer-focus, which helps them to understand the needs and demands of the customers and the future needs as well. The brand Samsung has done understanding the market scenario of the global environment. On the contrary, the organization could also gain some non-financial benefits. For instance, the firm could enhance the understanding the marketing strategies of the competitors in the industry. As mentioned by Lin (2013), the well-known model SWOT helps the organization to find out the difference with competitors. The firm could effectively identify the strength, weaknesses and the external opportunities. Based on the analysis, further actions can be implemented. The strategic management allows the firm reducing the barriers to change since the communication is developed within the organization. However, there have been some global challenges associated with the technique used by the organizations. As opined by Hill, Jones and Schilling (2014), now nearly every organization is in the rush of extending the business in the global market and adopting the steps of running the operation into the global environment. Hence, the organizations use foreign business operation techniques. Thus, due to this fact of globalization. Many new orientations are coming out like International HRM. In this context, Morgan (2012) added that the process of organizational strategic management often needs to be renewed to deal with the new operations. Furthermore, it is also identified that with the rapid expansion of internet as well as developed technology, some organizations have paid attention to the e-commerce where they could run the business with electronic means. In such context, the strategic management technique of the business should be effective to change e-commerce motivation into business process. Keupp, Palmi and Gassmann (2012) stated about another challenge associated with strategic management, which comes in the form of diversification. It is observed that with increasing uncertainty and the dynamic scenario of the global business environment. The organizations prefer to engage themselves in diversified operations. In such case, the organization need to diversify the business risk. Therefore, the approaches to strategic management should be capable of recognizing the diversification of business opportunities. In order to disagree with the current approaches of strategic management, Barney (2012) argued that under the modern society, certain operating pressure are there such as environmental activism as well as consumer protectionism. However, the approaches to strategic management often fail to identify the external pressure groups. On the contrary, Hitt, Ireland and Hoskisson (2012) added that strategic management should conduct research for identifying the possible CSR a ctivities and implement those aligning with the expectation with the society. Conclusion On the completion of the essay, it can be mentioned that effective implementation of strategic management may help the organizations to achieve certain goals and objectives. However, the organizations often find it difficult to implement the approaches. It can be concluded that strategic management could help the organization to achieve success. Nevertheless, it is necessary to implement the strategies based on the current scenario of the environment. The organizations should be aware of the possible challenges after the implementation. References: Barney, J. B. (2012). Purchasing, supply chain management and sustained competitive advantage: The relevance of resource based theory. Journal of Supply Chain Management, 48(2), 3-6. Dezs, C. L., Ross, D. G. (2012). Does female representation in top management improve firm performance? A panel data investigation. Strategic Management Journal, 33(9), 1072-1089. Foss, N. J., Knudsen, C. (2013). Towards a competence theory of the firm (Vol. 2). Routledge. Hair, J. F., Sarstedt, M., Pieper, T. M., Ringle, C. M. (2012). The use of partial least squares structural equation modeling in strategic management research: a review of past practices and recommendations for future applications. Long range planning, 45(5), 320-340. Hill, C. W., Jones, G. R., Schilling, M. A. (2014). Strategic management: theory: an integrated approach. Cengage Learning. Hitt, M. A., Ireland, R. D., Hoskisson, R. E. (2012). Strategic management cases: competitiveness and globalization. Cengage Learning. Keupp, M. M., Palmi, M., Gassmann, O. (2012). The strategic management of innovation: A systematic review and paths for future research. International Journal of Management Reviews, 14(4), 367-390. Lin, R. J. (2013). Using fuzzy DEMATEL to evaluate the green supply chain management practices. Journal of Cleaner Production, 40, 32-39. Morgan, N. A. (2012). Marketing and business performance. Journal of the Academy of Marketing Science, 40(1), 102-119. Pierce, J. R., Aguinis, H. (2013). The too-much-of-a-good-thing effect in management. Journal of Management, 39(2), 313-338. Priem, R. L., Li, S., Carr, J. C. (2012). Insights and new directions from demand-side approaches to technology innovation, entrepreneurship, and strategic management research. Journal of management, 38(1), 346-374. Vogel, R., Gttel, W. H. (2013). The dynamic capability view in strategic management: a bibliometric review. International Journal of Management Reviews, 15(4), 426-446. Willcocks, L. (2013). Information management: the evaluation of information systems investments. Springer.