Organizational Strategy Development : National Diploma Level 5 Unit Standard Essay

‘Strategy is the direction and scope of an organisation over the long term, which achieves advantage in a changing environment through it’

Strategy is a set of complicated tactics formulated by the executives of a company directed towards the achievement of company’s goal (Salmela, 2002). It is about all the path ways that a company would follow to reach its ultimate goal. It is a company’s strategy which helps to identify what it does better than the other companies in the industries, which may be different from what it does best. For successful strategy formulation and implementation, a company should know the needs of customers and should have knowledge of its competitors. Through a good strategy a company would identify that opportunity which makes it different from the others (Thompson, 2005).

Strategy concerns to plan formulation and actions taken to empower an organization to carry out its intended objective effectively. To effectively determine a strategic plan for growth in such a explosive business environment, the company must understand how the various strategy like cost differentiation, cost leadership, stability & growth strategy, etc. function in the industry and regard the specific situation of the company.

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

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.

Strategy may be one of the most misinterpreted concepts in buiness which are essential in every facet of an organization. In general, it is nothing but an obligation towards a set of logical policies meant for accomplishing a definite competitive goal. To be more specific strategy is to convey the distinctive blend of values by picking a diverse set of activities (Porter, 1983). If the strategy is good it helps to prioritize the objectives and to promote alliance within the diverse organization. A company’s successful endeavours in their accomplishments, a well- driven strategy is essential and the various internal departments should have to support it. Irrespective of your part in a firm, strategy plays a crucial role for your

(addressing SLO #2 - summarize and explain organizational development and strategies common to technology-intensive enterprises & SLO #3 - formulate and assemble component ideas in order to successfully execute a project plan)

Strategy is a roadmap designed to route the direction of the organization towards achieving its goals. Through an understanding of the organization’s vision and mission and the matching of resources and skills to the environment, the company can formulate and implement strategic plans to achieve long-term sustainable competitive advantage, meet the needs of consumers and satisfy stakeholder’s expectations (Johnson, Scholes and Whittington 2004).

In this research the topic is “What is Strategy”? If you ask different people to describe strategy, you will get many different answers. Strategy could be a set of goals that you achieve to gain competitive advantage over competitors. Strategy is something a business utilizes to build on to stay in business for a long time. According to Harvard Business Review “strategy is something that set you apart from other businesses” (Michael Porter). This paper will define strategy, also talk about why or why business should develop a strategy. Another eye open statement will address can or should individuals have a life strategy. What strategy means to me is to set goals that you can achieve. Setting goals and utilizing off positive feedback to build a better brand for a business.

"Strategy is the direction and scope of an organisation over the long-term: which achieves advantagefor the organisation through its configuration of resources within a challenging environment, to meet the needs of markets and to fulfil stakeholder expectations".

Strategy is the long term direction of the organisation (Johnson, Whittington and Scholes, 2012). In addition strategy is ‘’the long run goals and objectives of an enterprise and the adoption of courses of an action and the allocation of resources necessary for carrying out these goals’’ (Chandler, 1962). The authors claim that a business creates its own strategy, in a way that will be best suitable for the accomplishment of its targets. The organisation has to find a way to handle their resources over a period of time, such as raw materials, in order to get the highest result of value they can. Strategy is a very crucial sector in an organisation. It needs time to be conducted but if it is done correctly it will help the organisation to get to the nearest end result of their goals. Strategies and goals are linked together. Both have a vision ahead of them. The vision of a better and more reliable organisation. Strategy, is the actual definition of the process of how a goal of a business will be achieved.

Companies all over the world compete to be the top supplier of goods and services. The main factor that determines whether companies will succeed is the state of the economy at the given time. If the economy is in a state of crisis than the consumer is less likely to purchase goods and services from companies in order to save as much money as possible. W.W. Grainger, an industrial supply company, and North America’s leading distributor of maintenance, repair, and operating products and services, strives to find new ways to beat their competitor’s services and prices. In this essay I will be talking about W.W. Grainger’s history and how it became the worlds leading industrial supply company with branches and distribution centers worldwide.

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.

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.

McDonald’s is global business in all over the world. It has two businesses, first one is hamburger and second one is real-estate. The business began in 1940, with a restaurant opened by brothers Richard and Maurice McDonald at 1398 North E Street at West 14th Street in San Bernardino, California. The introduction of the speedee Service System" in 1948 furthered the principles of the modern fast-food restaurant that the White Castle hamburger chain had already put into practice more than two decades earlier. The first McDonalds with the arches opened in Phoenix in March 1953. The original mascot of McDonald 's was a man with a chef 's hat on top of a hamburger-shaped head