Bus 402 strategic management and business policy week 1 dq

Strategic Planning [CLOs: 1,5,6]

Discuss the elements of strategic management and explain why it is crucial to an organization’s survival. Using a company as an example, explain the difference between a strategy and a business model. Please discuss in 200-250 words.  

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Guided Response:
Respond to at least two of your fellow students’ posts in a substantive manner and provide recommendations to extend their thinking. Defend your position by using information from the week’s readings, the lecture, and other scholarly resources.



An elevator speech is an excellent way to convey your skills while networking and seeking employment. Typically, an elevator speech is a one-minute summary of who you are, why you are qualified, and what you have to offer the organization or industry. A brief sales pitch will ensure that you are prepared to discuss your career goals whenever the opportunity presents itself. Review the following two Forbes’ articles:
The Perfect Elevator Pitch To Land A Job
How to Craft an Elevator Speech That Makes a Big Impact
After you have read the articles, develop your elevator speech. The elevator speech should focus on how you practice leadership.  Record your speech using one of the following options:

Once you have completed your recording, share your elevator speech with the class by copying and pasting the link of your recording into the body of your initial post. If you are having trouble recording your elevator speech, please contact your instructor.
Listen/view two of your peers’ elevator speeches and comment on how well they presented the following information: who they are, why they are qualified, and what they have to offer the organization or industry.

Example Elevator Speech
Hi, my name is John and I am a student at Ashford University completing my Bachelor of Arts in Organizational Management. For the past five years, I have worked in a leadership role in the food service industry, where I was able to reduce costs and increase revenues. I am seeking to increase my management responsibilities and move into a district manager role where I can help improve company productivity and increase profitability.


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