Creative Destruction, Schumpeter Calls

It is important to implement the right and winning strategies fit into the company’s internal and external situations which can enhance the organization performance, build sustainable competitive advantage and uplifting company’s productivity.

picture of the organization strategy and allowed the big picture to flow all the way down to

the difficulty of strategy execution and the tools managers can use to make strategy happen. As the title

Using your own words, define strategy. What is the strategy of the organization you currently work for, or one that you worked for in the past?

I feel that involving the board in devising a new strategic plan and allowing them to communicate with the

What specifically spell(s) out how the organization will achieve goals through the use of specific tactics?

corporate-level strategy you think is most important to the long-term success of the firm and

In the video, creative destruction is describe as a way people do things by replacing the old way with the new one. In the business or market world, new ways of doing something tends to come with a cost as a destruction of old businesses, and it can be a benefit of innovation and creativity or a loss. People are constantly finding new ways of doing more with less, show creativity, and help satisfy more wants and needs. Creative destruction makes free market dynamic and people adapt well to new ways of doing things. In today’s world, we see change in the innovation of technology; we might be afraid of destruction that comes with innovation, without creativity there’s not innovation.

An intended strategy approach suggests it is fixated on a specific outcome which may reduce the rigidity of an organization but it does ensure focus is kept. It is argued that an organization is more likely to succeed through these stricter

There was a huge amount of works on the collaboration between trade and transport costs. Improvements from the trade should be balanced the related transaction costs, in the method of direct expenses for the transportation service, because of the value associated with the quick option for transporting goods. Another important locational conclusion influences, mainly for export-oriented businesses, is closeness to airports with the wide transport.

The case of ATH is centered on management taking particular strategic paths in order to achieve the desired organization objective(s).

* Strategy exists in the mind of the leader in the form of a vision of the organization’s future.

This strategy-as-practice making puts a big emphasis on the practice of strategizing and the practices used to justify and legitimize the future state and also the actions they take to achieve this end. This type of strategy backs the idea the IT only matters when it is incorporated into local practices. This IS strategy looks for the potential value IT has and then reconfigures the actual role of IT within the organizations and once this is done then value of IT is recognized clearly.

Establish the short term and long term goals aligned to strategy. Run as a project if suitable i.e. develop schedule, budget, resource plan, etc. Identify some early wins.

A strategy, according to Robbins and Barnwell (2002, p. 139) is “the adoption of courses of action and the allocation of resources necessary to achieve the organisation’s goals”.