I would advise the CEO that to better serve the company’s desire we would start with a strategic plan by setting goals and objectives. It would be best to elicit the opinions of every staff member on how they feel about the company’s goal. After listening to the staff opinions on how best to implement the goals, a plan is to be put in place detailing the steps by steps on how to achieve each tasks. I would emphasize to the CEO the importance of setting goals and communicating them effectively to the staff members, especially those who will be the managers. Additionally, the CEO is to consider the needs of each individual in the company. It is important to address both the task and the needs of the employees ( Phillips & Gully, 2014).
Therefore the strategy plan should process with a strong leadership. The organisation should be having a clear direction and good leadership to guide the organisation towards this direction. If everyone is waiting for someone else to make it happen, then it only causes to failure. Leadership set the clear direction for achieves goals. Leaders are ensure that communicating with stakeholders their vision and ideas. There for basically, leaders should have clear understand about vision and mission of organisation (Rainey, D, L 2010).
Globalization changes have impacted Burger King in the following ways; since the company began in 1953 with its first restaurant in Jacksonville, Florida and opened several locations across the United States, the company began its international expansion in 1969 with its first international franchise location in Canada, followed by Australia in 1971, and Europe in 1975. The setting up of franchises outside the United States was as a result of fast food opportunities arising outside the United States. So as to fully integrate in the international market, Burger King had to adopt and embrace
Audrey Hepburn once said “nothing is impossible, the word itself says I’m possible!” (Bradberry, 2015). In strategic planning when an organizations leadership comes together to set priorities, strengthen operations and ensure employees are working toward a common goal it not only shows where the organization is headed, but the actions required to progress and test the organizations success at making the necessary changes. To make the strategic planning process work successfully leaders of an organization must be able to understand the importance of using the following interconnected leadership tasks of; understanding the context, sponsoring the process, facilitating the process, making and implementing policy decisions and pulling it
According to literature, strategic planning is vital for strategic management. Burgelman (1994) points that strategic planning is a process which decides how, when and who is going to plan and how the results will be implemented. Drucker (1974) identified that the planning for an organization’s future that includes setting major overall objectives, the determination of basic approaches to be used in
Strategic plan of a company cannot be prepared by any individual; it is a cumulative work of different-different managers from the different-different departments. Effective dialogue plays a crucial role when a company conceptualize their strategic planning activities as being constituted through the iterative and recursive relationship of talk and text (A. Paul Spee, Aston Business School, 2006). While constructing a road map for the company, managers should have to communicate with their super ordinates and sub ordinates in order to prepare a crystal clear idea about what the whole plan is and how to execute that plan. Managers cannot make strategies with half knowledge because it is not going to work out in the future for the company. Company has to be transparent with their employees and other stakeholders to execute with their future plans in order to have faith in the company.
Regardless of how much effort organizations invest in developing strategic plans, it appears that they often do not work. According to Johnson’s survey, “there are five main reasons that organizations fail” (2016). In order to proactively avoid problems, the purpose of
The organizational hierarchy and economic conditions directly impacts the roles and functions of business leaders. Therefore, it is imperative that one reviews organizational structure in order to understand leadership traits and characteristics. Due to the constantly evolving economy, companies are aiming to adopt a more elastic strategic management configuration so as to assist the maximization of the employee satisfaction and to get rid of any inflexibility in the organizational structures that obstruct communication. Project-based (or task-based) organizational compositions (PBO) facilitate the companies to be more elastic as this employee structure comprises of transitory project teams and responsibilities which are softened after the necessary aims have been attained (DeFillippi & Arthur.1998: Hobday, 2000; Turner & Keegan, 2001).
The term strategic planning refers to a coordinated and systematic process for developing a plan for the overall direction of your endeavor for the purpose of optimizing future potential. For a profit-making business, this process involves many questions:
October Book/Article 1. John Ward and Joe Peppard, Strategic Planning for Information Systems, Third Edition , John Wiley & Sons, 2002, Chapters 4-6 2. Henderson and Venkatraman, Strategic alignment :Leveraging information technology for transforming organisations, IBM Systems Journal, Vol.36, Nos. 2&3, 1999 3. Claudio Ciborra, De Profundis? Deconstructing the concept of strategic alignment, Scandinavian Journal of information systems, Vol. 9, No. 1, 1997. 4. Michael Earl, Experiences in strategic information systems planning, MIS Quarterly, Vol. 17, No. 1, 1993 A Strategy formulation contra strategy realisation, which is the most important and how should they
Strategic planning is a dynamic procedure of constantly taking a gander at your present circumstance and plotting your best course of action. This requires a strong comprehension of the association and in addition an understanding about the environment that the association works in. There is no correct approach to do a vital strategic plan. The best approach is to discover a procedure that fits with the association. Organization includes assembling a group or board of trustees, gathering data about current arranges, and illustrating how the Strategic Plan will be produced. For Example, particular strategic planning is required in finance department to recover from the financial crisis for
Blue Nile is one of the largest jewelry companies that sell jewelry products online. Blue Nile was formed in the year 1999 (Arthur, 2007). It is recognized as the company with the largest volume of sales in the world. It was recognized by internet retailer, a US magazine, as established in terms of size more than three largest jewelry retailers that conduct their businesses online. It has won several business awards in its historical times. It has also been ranked as the leading company in internet based customer service by consumers in 2002. It is the only jewelry company known to have received this award. Blue Nile has been selling wedding and engagement rings to more than 80,000 partners between the year 2000 and in the mid
The world seems to be changing ever faster, with the innovation of technological, economic and political forces reverberating around the world everyday. In the 21st century, management is becoming one of the leading key words on most of search engines such as Google, Yahoo, Go.com, Business.com, WebCrawler…Times are turbulent, and for managers trying to successfully run their organizations, not only do they have to master the technical skills but also make precise decisions at the right times and build up the appropriate strategies to achieve organizational goals. That is to say strategy is undoubtedly crucial for organization’s success, so what is strategy? Strategy refers to the plan of action that prescribes resources