Processual Strategy

This paper will discuss some of the primary components of a strategic management process, while also explain why the process is crucial for a company success. This paper in addition will evaluate one organization that uses the strategic management process to accomplish their short-term, long-term goals, and objectives of the firm’s (University of Phoenix. (2015).

By using a cyclical methodology in assessment of the action steps defined within this plan, management can become engaged in planning for the future successes of the company.

This is done through a top down approach in which elite of senior managers is dedicated to strategy formulation while implementation is assigned to other people lower in the organization’s hierarchy. Under this approach, there is an emphasis on control mechanisms to ensure profit maximization. Classical approach seeks to provide a long term direction for the organization and assumes that it operates in a relatively stable environment. It can be summed up with the view of rational economic man who works in a secure and predictable environment and thinks perfectly rational in a way that guarantees optimal economic advantage (Karami, 2007), (Rowe, 2008). An example of a company that uses the classical approach is Shell; the oil company. In Shell, there is a team dedicated for making strategies that might stretch for ten years, quite long term! With this method, Shell is able to maintain maximum operation

The first strategy, using decision-analysis tools, states that we must rely on procedures to make decisions. A good example of this would be buying a car, we must weigh the financial obligations with the need for the new

Programs and Tactics stage, where we put all of the strategies in place and put them into actions. Budget stage, this is the gathering of all of our resources needed to accomplish all of the steps in the program stage. Procedures stage, the final of the three and just as important as the other two, by this stage steps and resources are in place and all that is left is the sequence of steps needed to do the job. Finally, I explained the strategy implementation process as I used it to work for me in the Distance Learning Center. The overall experience that I went through was worth every second I had to work extra to have it all in place. But I know that this process will make the Distance Learning Center more efficient for all that follow and in the hopes that they too will make the necessary improvements to keep the entire process working

Integrated approach: ability to develop and implement a Strategic Plan in consideration of the overall impact to change, a focus on knowledge transfer to all levels in the organisation, and that synchronisation takes place with the overall business process management perspectives

Henry Mintzberg has defined the definition of strategies in academic ways and in practice in 1988. After examing the strategic process, he found that it was more unpredictable than early thoughts. Thus, it couldn’t refer to one process that be called strategic planning. Instead of that, he concludes the following five types :(1)Strategy as plan – a directed course of action to achieve an intended set of goals; similar to the strategic planning concept;(2)Strategy as pattern – a consistent pattern of past behavior, with a strategy realized over time rather than planned or intended. Where the realized pattern was different from the intent, he referred to the strategy

Strategy is the direction and scope of an organisation over the long term which achieves advantage for the organisation through its configuration of resources within a challenging business environment to meet the needs of markets and to fulfil stakeholder expectation (Tutor2u.net, 2016). Strategy includes the movement arrangement of a particular organization for building focused advantage What 's more expanding its triple end result again those long haul. Likewise, the action plan identifies with accomplishing the monetary, social, furthermore biological execution destinations; basically, it serves span the hole between those long haul dream What 's more short-term choices. sometimes strategy is more about you actually do rather then what you intend to do which mean our real strategy emerge as we do it and may not line up with the plan (YouTube, 2016). In addition, high level of orchestration and vision is very essential in order to achieve overall goal. The Morden day executives need to develop a set of complex tactics that will lead to success and a good strategy should answer four key question which are where to compete, what value to be developed, what are the resources and capabilities to be used and how to sustain unique value (YouTube, 2016). Strategy may be generally regarding utilizing inside aids on make quality included

In order to have an effective strategic plan there are three stages of development. They are analysis, formulation, and implementation. An in-depth analysis is used to formulate strong conclusions such as making the right choices and prioritizing implementation decisions. Managers must formulate where and how best to tactically focus their resources. And thirdly, managers must implement strategic action plans on stick priority basis. The importance of the new strategy must be communicated to every employee and everyone else that management requires commitment for its successful implementation (Shetcliffe, 2007).

According Quninn , he describes logical incrementalisation as an interactive process in which the organization examine the future, experiments and learns from a series of partial commitments rather than through global formulation of total strategies. As already explained, strategic decisions involve an

The strategic management process is important to the success of any company. Throughout the following paragraphs, the paper will discuss the primary components of the strategic management process. The paper will indicate the importance of why a company should use the strategic management process. Finally, the paper will close with the discussion of the research that found regarding Apple describing the strategic management process that the company uses in it implementation of a new idea.

The Strategic Planning Process involves numerous steps in evaluating the effectiveness of a firm’s performance relative to its competitors. To assess each of the components of a business, selected evaluative tools must be used. The tools are meant to serve as guidelines and not specific decision points. Management must decide upon the most appropriate pathway for the firm to follow given the input from both the internal and external environment.

The strategic management process is based on the belief that businesses should continually monitor internal and external events so timely changes can be made. To survive, firms must be able to identify and adapt to change. This involves timely planning, directing, organizing and controlling of the strategy-related decisions and actions of the firm (Camerer, 195-219).

When you are examining the different processes try to think about the pros and cons in terms of your current organisation. You should also think what type of organisations might be best suited for these types of processes and styles. Eventually you should start understanding which style

For example any planning undertaken by Ryanair for new routes or planes would follow the prescriptive model as the objective would have been defined beforehand and elements such as finance will have had to have been agreed before any purchasing goes ahead. On the other hand emergent strategies may be in place for things like training and development where elements can be discovered along the way for example if an issue arose where staff needed more health and safety training then the training programme could be redirected. Ryanair, as already stated, follows neither strategic approach religiously and possesses a strategy unique to their organisation, which has identified their needs and objectives. However their approach to strategic management isn’t unique in itself as the majority of organisations will tailor strategies to suit their business’ own individuality.