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s. The researcher needed to investigate the key strategic issues that Task Systems faces in generating and sustaining competitive advantage. This investigation has been divided into the following sub-questions

a. What is strategic management?

Strategic management is about envisioning and devising strategy to achieve it by using resources and core competencies. Depending on the nature of the business, industry structure and focus of the organization, strategic management can be adopted to optimize organizational performance. The key is to identify the situation first before plans can be devised and implemented. The dynamic process requires top management to synergize all aspects of business to work towards a particular direction. To demonstrate, Task Systems has been used as a case study. Task Systems no doubt has adopted strategic management practices without being aware of it. Infect, Task Systems has followed the industry norm and adopted the strategy of the incumbent organization by adapting and innovating to match changes prevalent in the business environment. The incumbent organization model is limited in the sense that it does not help Task Systems to focus even though it creates temporary success situations. For this reason, it is imperative for Task Systems to re-evaluate its current strategies and develop it based on core competencies to gain competitive advantage.

b. What is core competency and how can it help firms compete?

For generating competitive advantage and sustaining it, organizations need to evaluate internal resources, develop core competencies and focussed strategies that match with the external customer needs. The organization needs to analyse through various models opportunities, forces and influences that affect it in the short and long term. Moreover, the company needs to focus on the development of core competencies, which would position its products and services at par with competitors like Herman Miller, Been and Steelcase. So far, Task Systems has not been able to fully develop core competencies. Partly this has been because it lacks focus and long-term commitment to its mission. This lack of focus has been the reason why the organization has been forced to adapt to change as it comes without consideration for future implications.

c. How is sustainable competitive advantage achieved?

While it’s easy to identify and develop core competencies to achieve competitive advantage, sustainable competitive advantage is entirely dependent on the management's effective implementation strategies. for this purpose, the researcher has found the 7S framework useful in checking which elements have been covered and which need. More importantly, it is imperative for organizations to establish well-focussed plan integrated by core competencies and resources before it can endeavours to maintain sustainable competitive advantage. Task Systems for example is still at the initial stages of planning and implementation. There has been no formalization of strategies for sustainable competitive advantage. Considering the maturity of the office furniture industry, it is imperative for the organization to develop such a plan in order to retain its position in the lon本论文由英语论文网提供整理，提供论文代写，英语论文代写，代写论文，代写英语论文，代写留学生论文，代写英文论文，留学生论文代写相关核心关键词搜索。