Provide a 10 pages analysis while answering the following question: Strategy and Strategic management Research. Prepare this assignment according to the guidelines found in the APA Style Guide. An abs

Provide a 10 pages analysis while answering the following question: Strategy and Strategic management Research. Prepare this assignment according to the guidelines found in the APA Style Guide. An abstract is required. By embracing Best Practice the industry would gain.

There is no single accepted definition of 'strategy' (Price and Newson, 2003, p. 184).5 A 1999 study by Price, McCaffer and Thorpe (cited by Price and Newson, 2003, p. 190) established that the construction industry prefers the definition given by Johnson and Scholes in 1999:

"Strategy is the direction and scope of an organization over the long term: which achieves competitive advantage for the organization through its configuration of resources within a changing environment, to meet the needs of markets and to fulfil stakeholder expectations."

Chinowsky's (2001, p. 60)6 research into existing models of strategic management, combined with interviews with executives, led him to devolve seven key considerations for executives when attempting to formulate strategic management plans:

In 1998 they surveyed the ENR Top 400 Contractors in the United States. Most organisations intended to leverage technological tools and capitalise on greater market knowledge. However the research also found that there was no such emphasis on life-long learning and protecting existing market share from competitors.