Development And Implementation Of The Organizational Strategy

(1) The management team must adopt a strategic management plan. First of all, they have to develop a clear vision and a mission statement to inspire and motivate all the frameworks for the company’s future strategic planning. According to “Mission Statements and Vision Statement” (2011), “by crafting a clear mission statement and vision statement, you can powerfully communicate your intentions and motivate your team or organization to realize an attractive and inspiring common vision of the future” (p.1). The management team should create a mission statement that describes the company’s purpose and primary objective. For the vision statement, it should include the company’s value and purpose of the company. With a clear vision and mission statement, management and employees would be able to follow the right direction as a team. They also need to define “who their customers are, what products and services it supplies, and how these products and services are provided” (BUSN 460 Week 1 video, slide 3).

It is important that the defined strategy, together with the reasoning behind it, be communicated to all levels of the organization. In large companies, it often happens that those that defined the strategy are not the ones that will see it through during the next step, therefore communicating well will ensure effective

-Developing the skills and distinctive competence upon which strategy is grounded -Selecting people for key positions

The idea of organizational goals has a long history in economics, in which the classic position posits an entrepreneur or ownership group which in turn establishes the goals of the firm. Alternatively, these goals may represent a concesus arrived at by all members of the organization.

Every successful business has a defined vision and goals that influence the approach that is utilized to fulfill the company’s objective. Strategic and organizational planning is the cornerstone of developing a business strategy to attain an organization’s purpose. With the passage of the Affordable Care Act (ACA), strategic and organizational planning have become essential in a healthcare system’s ability to remain competitive within their community, as well as remaining compliant with governmental standards. This paper will explore strategic and organizational planning with the purpose of exploring these concepts with a local hospital.

(b) Communicating to middle and lower management is crucial when implementing corporate strategy. They are the ones who are doing the physical work, they are the face of the customer. Having them working towards the main goal, which has been determined by the strategy, will help the customers perceive the organization the way it wants to be viewed. If the strategy isn’t created with the lower and middle management considerations and opinions in mind they might not agree with the direction they company is trying to head and will not support it. This would not be a good situation to have at hand because without all levels of the organization being on the same page the implementation of strategy will be weak.

Brigham, E.F. and Ehrhardt, M.C. (2010) Financial Management: Theory & Practice, International Student Edition   South-Western Publication.

In an essence, the strategy is beyond a direction or future blueprint for growth & sustain in the global completive environment rather than just an asset of an organization. “The problem of performing strategy, how is it done, who does it and what they use to do it, is so important for both strategy theorists and practitioners. (Jarzabkowski, 2005 :1)

In January 2010, Apple discovered the iPad and introduce to the public in a very exciting strategy. The iPad which can be a laptop with no physical keyboard however slightly screen device giving net property with Wi-Fi and on the move 3G capability.[CNET, 2007] Essentially the iPad appears like a much bigger iPhone, with simply a much bigger screen. Apple is suggesting that the iPad use like a mobile phone in order to browse e-books, browse the net, writing and receiving emails, read movies and photos on a screen. In terms of rating the iPad, historically, Apple would introduce a brand new product with a premium tag, developing volume, provide and phase penetration before restful the value constraint. For the iPad, the strategy was arranged to obtaining the merchandise into as several hands of as many folks as attainable, “right from the start”. In 2011,

Organization I came up with is Tesco as it is one of largest retailers in the UK as well as globally. Its UK business contributes 60% of all revenues and profits in the retail market. It provides with diverse variety of food compared with its rivals. It generates over one billion pounds per annum in its Finest and Everyday Value ranges food brands.

According to (Kaplan & Norton, 2005) organisation must “recognize that effective strategy execution requires communicating corporate strategy; ensuring that enterprise-level plans are translated into the plans of the various units and departments; executing strategic initiatives to deliver on the grand plan; and aligning employees’ competency development plans, and their personal goals and incentives, with strategic objectives.”

Adopting the appropriate organization structures to effective strategy implementation is very important to the company’s development.

Strategy literature offers many techniques and models suited for systematic strategic analysis. The SWOT analysis, the PESTEL analysis, the Five Forces analysis framework are the prime examples of techniques that can be adopted for strategic analysis. This assignment will use PESTEL and Five forces model to analysis the environment of CRH plc.

What is strategy? How does it relate to other forms of planning? What information is needed to form a strategy? What tools are used to gather this information? What factors bring about organizational change and what effects does it have on the workplace? The answers to each one of these questions all influence each other. They weave together into an intricate web that is a company’s strategy. The following text will not only answer these questions but, will go into detail all while providing easy-to-comprehend examples. The result should be an understanding of strategy, how it is formed and implemented as well as, its influences in the work place.

Skills: the manager should have personal skill to solve problems within the team, technical skills to fix technical problems occur during project. Project manager must be able to work under pressure and accurate estimating and cost control. Communication skills, collaboration skills, project management skills.