Question 1
Strategy theories assist to raise a mind of the strategic. It also helps to discipline our thinking in order to deal with the complexity and volatility of the strategic environment and the changes and continuity, issues, opportunities and threats inherent in it. It encourages us to re-examine our own assumptions and prejudices, but it also encourages us to consider the assumptions and prejudices of potential adversaries and other actors. Strategic theory opens the mind to all the possibilities and the forces in play, prompting us to consider the costs and risks weigh the consequences of our decisions and those of our opponents and allies, and others.
Far from simple strategy, understanding the strategy allows us to understand and work with its complications through the theory to understand its logic. A strategy theory provides the basic terminology and definitions, and explanations of the basic assumptions and premises, and the substantive proposals translated into testable hypotheses, and methods that can be used to test hypotheses and modify the theory, as appropriate. Why study the theory of strategy?
This definition viewpoint is located in the "content" aspect of the strategy, which it states is strategic. In classic sees widespread strategy as a process of good long-term planning, vital to securing the future. Planning can adapt to
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For Processualists, both organizations and markets are often sticky and chaotic phenomena, and that strategies show with a lot of confusion and in small steps. In fact, they say that it is very defects of regulatory processes and market managers owe their strategies and competitive advantages. Procedural best advice is not to seek after the ideal unattainable work rational fluids, but to accept and work with the world as it
Planning refers to the efforts put in place to achieve goals that add up to the future (Pfeffer & Sutton, 2006). It is about what is happening today to achieve results and therefore refers to the strengthening of what works while taking informed risks of setting targets. CAMBA’s Park Slope Women MICA Shelter uses performance appraisal tools by way of feedback and making necessary adjustments. They also eliminate programs that do not work. Leaders in non-profit institutions ought to recognize the role of dissident voices by creating environments that fosters innovation through constructive criticism (Nadler, 2004).
Strategy means the approach, plan and knowledge that is used to move in the direction that will allow the company to satisfy the customer’s wants and needs, and obtain their goal, while reaching and maintaining an economical benefit over the competition (Defining Your Business Strategy, 2016). It can further be defined as a means of evaluating at what success level they are currently sustaining, and what success level they desire to obtain and the means they will need to use to get to their desired level (Bryson p. 11). A practical understanding of the value that strategy brings to an organization, is the course that the company is to take and the positioning that the company has for the future, and very possibly survival in a very competitive
When Is Good, Good Enough for Emergency Planning? In his article “When Is Good, Good Enough for Emergency Planning? “Eric Holdeman (2015) argues that we are nowhere near “good” with the phases of planning. Holdeman is asking the question knowing that the planning proses is continuous, “when are you done?
To find out how a city is actually doing it has to see itself from an outside prospective. They will most of the time see that what they though was normal is actually something they grew accustomed to. A way that can lead to planners being progressive is to use a therapeutic approach. This approach involves “the “whole person” to be present in negotiations and deliberations, but being prepared to acknowledge and deal with the powerful emotions that underpin many planning issues” (Sandercock, 2004).
Week 9 Chapter 12 focuses on planning before the class. The author mentions that planning can remind teachers what they intend to do during the class, and it is also helpful for class observation. Although class planning is important, sometimes things do not always on the right track. Therefore, teachers have to be flexible and change the plan accordingly. The aim of the plan is to have coherence and variety.
Strategy is primarily people for setting and implementing strategy and monitoring performance. The primary role is to fit with all other forces. Structure basic design on how our people are organized to do our job. This let us know how centralized are you.
Corporate Strategy defines the path of a company to achieve long-term goals and objectives. It plays a crucial role in determining the competitive position of an organization. The corporate strategy incorporates all core factors to ensure the success of an organization. Depending on the nature and objectives of the organization, the components of a corporate strategy varies. It is only the corporate strategy that integrates and links the vision, goals, business model and help in appropriate allocation of resources and finally in decision making process.
Question1 Explain the advantages and disadvantages of Henry Mintzberg’s prescriptive schools of strategy Design school The process of conception is using the major idea of SWOT which divided into two sides; internal (strength and weakness) and external (opportunity and threat) factors. Social responsibility and Managerial values also play a role in the formulation of the strategy. When the four factors is analyzed, the next step is creation of strategy which is suitable to organization and final stage is implementation follow by that strategy. Advantages: -Separate the step between design strategy and implementation clearly
Competitive strategy is a suit of methods and action sequence deliberately planned and put into place by companies in the face of market competition. This seems to be a clear way of keeping their market shares, expanding sales and managing the product lines to deliver desired results. The corporate world often needs some sorts of solid strategies considering the trends of the market competition. Beyond the issues of quality and distribution, companies often need to plan ahead and protect their market share in the sale.
Emergent strategy When change happens, an organization changes its strategy, which in turn, changes its structure, organizational culture, recruitment standards and etc. It indicates that strategy process is part of change process. As mentioned before, most change initiatives fail, no least because not engaging all employees in the process towards change (Stanleigh, 2008). We suggest that emergent strategy is a central part of successful change. One reason for this being that the foundation of emergent strategy is to involve more people in strategy making process (Mintzberg et al., 1988).
As mentioned above, there are five tasks of management that should be accomplished in a daily work routine. Those are planning, organizing, staffing, directing and controlling (Koontz and O’Donnell, 1976). Notwithstanding that some theorists, such as Richard Steers (1985) and Mason Carpenter (2009), highlight only four of those, planning is always considered to be the first and main function of management. It is an activity that involves choosing a strategy to accomplish the objectives of the organization, using the resources effectively and efficiently (Olum, 2004). To make a good plan, a manager should follow the essential steps of planning, which are setting goals, identifying the threats and opportunities of the organization, developing a plan for achieving the goals, and finally evaluating it and reviewing (Gamache, 2008; Duncan,
Strategy also defines what kind of resources we need to achieve the goals set by the