Grand Strategic Management Strategies Essay

The company likewise has already employed various strategies in order to maintain the high growth rate of the company. However these strategies is soon to reach its capacity to ensure growth. Based on the case as well, what seems to be lacking in the strategies that the company employed before is marketing, control of costs, and

Firms must consider many strategies when attempting to realize growth. Depending upon the stage of

Growth Strategies – is a strategy aimed at winning larger market share, even at the expense of short term earnings. These consist of 4 broad growth strategies:

Growth strategies – It is the strategy which always aims high and tries to get as larger shares in the market as it can.

Thompson & Strickland (2013) believes that a successful organization’s strategy depends on people, capabilities, structure, and execution. Important as well are growth and innovation (P.. 286), which allows an organization to remain competitive.

1. Frank is director of technology in an MNE in which most of the R&D activities are performed in the parent company’s home country, but then, foreign subsidiaries are responsible for introducing the resulting innovations to their local customers. The innovation process adopted by Frank’s MNE is:

The growth strategy of the organization I work for is a methodical process that drives the future structure at all levels. The approach involves maintaining the integration capacity of the mill's operational output to support and supply our converting facilities, in addition to external customers. Change is always occurring; we had a significant change to our organization when we acquired Boise Inc., our company size almost doubled. The transition process took approximately two years to integrate the new operations.

Similar to a vehicles control board, the balanced scorecard shows indicators of performance that gives an overview of the organization. A balanced scorecard, developed by Robert S. Kaplan and David P. Norton, is a tool that merges financial and nonfinancial measurements into a view of organizational performance linked to the strategy (Pearce & Robinson, 2009). Although several versions of balanced scorecards exist, each defines an organization’s mission, vision, and objectives. Demary & Sons’ mission is to deliver freight professionally and on time while committing to highway safety. The

Analyzing the above strategies, Enterprise appears to be adopting a growth strategy. Their strategy entails introducing new locations, adding new features to existing products.

When a company grows it achieves economies of scale, it increases its market shares and thus wipes out competition. A company starts making more profits and can use these in constructive ways such as employing specialist workers and improving the variety and quality of products, by delving more into research and development. These are only some of the

Strategic management is an ongoing process that develop future-oriented strategies to allow an organization to achieve company objectives, considering the capabilities and the environment in which it operates. Strategy formulation is a part of a strategic management process that comprises diagnosis, formulation and implementation. Diagnosis stage including the identification and analyzing the organization external environment, including major opportunities and threat like porter five forces analysis, SWOT, TOW MATRIK and IFE/EFE. Based on this diagnosis, Maybank Holding will involves as a team to affirm the strategic analysis, understand the implication of the future and know the necessary action to meet the objective goal of company. The strategies formulation will consists of the intellectual capacity of strategic leaders and the organization to ascertain the best strategies in the context of both the theoretical and practical realities in environment of the market.

‘Strategic Management’ is a very complex term as many eminent researchers and scholars have had different views and conclusions on strategy. According to White (2004), “Strategic Management involves both systematically developing an idea together with its implications and testing the empirical validity & usefulness of that idea against the real world.” Thus strategy is not only about planning for future but also about confirming the validity of the hypothesis considered and implementing it successfully. Strategy formation may take various forms such as implicit, explicit or emergent. Implicit strategy is a strategy formed by intuitions of an individual. As per implicit strategists, strategic management is about reading the environment

A strategy is said to be a plan that is made for the long term success of a product or brand. It is extremely important to have a strategy in order to figure out a direction towards which any company is able to focus all its resources efficiently and achieve desired outcomes. Formulating effective strategies is a considerably long process in itself that combines analysing several factors, situations and issues that are already present in a company and looking to improve on them alongside trying to implement various innovations and ideas to collectively create a direction towards which they can move and direct the resources available to them.

Growth strategies are the theories to which a business may utilize to attempt to grow their business. The theories I will be discussing are evolutionary, classical, Schumpeter and mergers & acquisitions.

Operational management processes in a firm involves overseeing, formulating and reformulation of the operations of a business. The processes are meant to ensure efficiency in administering resources whilst ensuring there is effective management of client’s specifications and or directions. This is achieved by adding value to the firm’s processes. Such achievements are experienced when a firm embarks in directing its physical and or technical functions towards enhancing its development, production and manufacturing. These should be pre-determined and controlled by market opportunities if a company is to reach its ultimate production levels. Their realisation adds up to ensuring the future of a firm, offering operational