Organization Business Strategy At The Top Of The Company

There are a gazillion companies out there, but some stand out. Whether it is because of their popularity, affiliations, history, profile or service, one factor simply makes or breaks a company; it’s strategy management process.

In everything that we do, we have used some kind of strategy (plan). From driving to the store, which street to take to get there the fastest, to selecting that perfect item at the high tech store, the newest digital gadget. It is in our nature to formulate this kind of behavior when we are given a choice. In an organization it is much harder to accomplish that same behavior because there is more than one individual in the process, but still possible to do. Strategy is a guide by which an organization moves from a current state of affairs to a future desired state. In this paper I will explain the strategy implementation concept of the basic model of strategic management that we can use to make this happen. Strategy implementation is the process

According to Meyer, (2010), strategy is the action that company can take to achieve its desired goals. When it comes to a company, thinking can be said to be either long-term or short-term. When translated into action, it is what is called operations or projects. However there are differences between operations and

Strategy is about which product or services should be produced and offered to which markets and which the customer needs and wants are met whilst achieving the objectives of the organization while making a profit – how each business aim to achieve its mission within its selected area of activity.

Strategic planning involves making decisions about the organization’s long-term goals and strategies and how the organization decides to implement their goals (Bateman, Snell, Konopaske, pg. 113). Strategies help organizations to have a clear perspective on how to go about accomplishing the goals they have in place. All organizations have a clear vision of what their mission and purpose as a company is, they know how to fulfill the mission, vision, and purpose and they know how to ensure that they accomplish all their goals. However, the route the organization takes to define these things determines how effective they will be.

Because a strategy indicates what an organization’s key executives hope to accomplish in the long run, every firm, large or small, needs strategic plans for survival and as a road map for the future. Strategic planning sets the mode for the difference between survival and failure.

Strategy is a tool to prepare and implement plans in time to come. The business level strategy guides an organization, UBA in this case, to analyze its competitive environment and understand its clients, suppliers and competitors. The corporate level strategy helps decide which business areas to operate in and which markets to enter remain or quit. It tells about the level of diversification that suits business. In educational sector, an organization can choose to remain confined to single campus or grow beyond to offer courses in several different areas. UBA is currently offering 25 majors courses in the field of business and administration.

Abstract: For this assignment we will examine how strategic management plans are established and redefine to keep the organizations moving forward in growth. Management promotes and brings about a change in the structure to keep it active and efficient in the approaches to achieving its goals and objective. The strategy behind the approaches correlation is what leads to actually implementing and providing data to analyze on an ongoing basis to enhance the strategic plan of the organization.

Is our strategy pertinent to our opponents? What is the core of a good strategy? (Porter, 2015) So, on and so forth. Get together as a complete team, using communication. There are mutual mistakes made by executives daily, by perplexing the strategy with the goal. Is the company’s strategy comprehensive? Always remember that, activities are dissimilar from the strategy. The strategy is more than a mission statement, or a vision statement. A good strategy is very precise. Focus on the ability to make good selections and the company will contend, and differentiate itself from the opposition. This is vital to the accomplishment of the company. The core levels of our strategy are how we compete in the industry. A.K.A. Business Strategy. You need a strategy for each separate business within the company. Bring these businesses together successfully, we then create value? That’s corporate strategy.

Strategy does not stand alone in the organization, as it has been said above, it defines the path to accomplish objectives; so in order to have an strategy the company needs to have a defined mission, vision and objectives. The mission defines what will be achieved and what the purpose of the organization is. The vision is what the organization aspires to be in the future and provides motivation for people to perform at high level. Once the organization has clearly defined who it is and what it wants to become, it needs to establish objectives to measure accomplishments. Here is where strategy interacts, strategy is about decisions and resources that need to happen in order to accomplish mission, vision and objectives.

Strategic planning compels businesses to be proactive than reactive in managing their future endeavor (David…). That makes business take initiatives and influence activities rather than just responding to activities- and thus to have control over its own destiny. Strategy improves decision making. It makes decision making simple by constraining the range of decision alternatives considered and also reduces the searched required to find an acceptable solution to decision problems. Strategy-making also pools and integrate the knowledge of different individuals. As a coordinating devise, strategy coordinates the actions of different organizational members. It is a communicating devise that communicates the identity, goals, and positioning of the company to all organization members. It is concerned not only with how the firm will compete now but also with what the firm will become in the future. It helps to establish a direction of the firm’s development and also the aspirations that can motivate and inspire members of the organization (Grant,

Strategy focuses on the ways to be dynamic with an organised plan to achieve a goal or benefit within a firm/corporation.

Strategy is the direction and scope of an organisation over the long term, which achieves advantage in a changing environment through its configuration of resources and competences with the aim of fulfilling stakeholder expectations (Johnson, et al., 2009).

Strategy is the key to running a strong, successful, and well-rounded company. Having a sound strategy can make a world of difference when running an organization and the impact that it has cannot be overlooked. Many organizations fail because they do not have a durable strategy in place for their organization. The importance of having a good strategy cannot be stressed enough. Everyone should have a voice in the making of an organizational strategy; it’s good to get all points of views and opinions from top to bottom in an organization. It’s up to the top management to make sure the strategy is implemented and executed. It’s very simple to tell which organizations have good strategies and which ones do not.

Innovation gives an extensive variety of tools entrepreneurs can use to guide their new organizations through the start-up and development stages. Small business accounting, advertising and communication have been upset by advances in computer, network and communication innovations, and organizations in a scope of businesses persistently adjust to exploit innovative advancements.