Strategic planning gives a clear framework with criteria for us to make day-to-day decisions. It also helps to identify fragmentary and unaligned choices and personal value judgments. This strategic planning encourages the commitment of the entire HO in order to achieve the planned results and this is why it is an important element in institutional cohesion. An organization that has better strategic planning and applies it consistently can help to raise up corporate reputation. A strategic plan is the systematic way that describes how your company applies the chosen strategy.
1. UNDERSTAND THE RELATIONSHIP BETWEEN STRATEGIC MANAGEMENT AND LEADERSHIP 1.1 Explain the link between strategic leadership and management. A leadership is the bridge between strategic management and their target. It’s because of a leadership that organization gets their desired tasks and targets. Management is responsible for people and resources in a unit according to rules or values that have already been set while the leadership set a direction to the people in group.
They organize a plan in place to establish success and accomplish goals of a company. Decisions are made in organizations daily. These decisions, no matter how big or small, impact organization in a major way. It’s important for leaders to evaluate the situation before making a decision. As earlier indicated, many studies by different professions had shown that there are several important factors that may influence leadership decision making in organizations.
Organisation’s values, beliefs and behavioural norms are reflected in its culture. The organisation is a set of employees. Every employee’s behaviour influences the organizational outcome, Whereas Leadership implies the Authority. It is based on objective and subjective factors such as managerial ability and personal qualities of the leader. Leadership behaviour of a manager is closely related to work satisfaction of the employees.
246). Strategy implementation enables a company to create, apply, and unite its business operations by following strategies that result in the overall goal of increased performance and competitive advantage (Management Study Guide. (n.d.) Strategy Implementation - Meaning and Steps in Implementing a Strategy). To begin strategy implementation the business leaders must determine who will oversee the process being established. The strategy leader will be responsible for intergration of the strategies into the company’s operations and unite the workforce as a team to convey the strategic changes.
outcome and feedback loops to redirects to strategic and operational issues. In successfully Team based organization the complete focus is not only on teams but also highlights the essential role of the managers. Form a strategic vision: Rapidly growing technology and global competition are making the organizations implement new ways to gain competitive advantage. In this new technological era one company masters a new technology and the other company makes the technology advanced. So there is need to catch the flexible changes in the market to meet the customers’ expectations which is essential in drafting organizational strategy.
people, business process, data, hardware, and software. Every single one of the elements must collaborate with each other to attain company purpose. 2.1 People: these are the employees who utilise the information system to keep track of everyday company activities or proceedings. 2.2 Business procedures: Business procedures are concurred upon finest applications that conduct the users and all alternatives on how to act logically. Business procedures are evolved by the people, for example, users, consultants, managers, etc.
It will happen when managers of the group communicate with internal and external contacts. It will make the group to be able to network effectively on behalf of your organization. For the examples, business correspondence, participation in meetings with representatives of other divisions or organizations. 4.0 Informational Category The second category of managerial roles is informational roles. The informational roles include those roles in which a manager must generate and share knowledge to successfully achieve organizational goals.
Q1: Why is it important for HR Management to transform from being primarily administrative and operational to becoming more strategic contributor? Human Resource management has to transform to being a more strategic contributor to business success because the demands of the workplace are rapidly changing. Human resources employees can fill purely administrative roles and become strategic contributors to company or organization success. Transforming the HR function into a strategic contributor can take your workforce strategies to the next level and increase the value of your human capital to accrue distinct competitive advantages. Next, the demands of the workplace and the increasing technological drive of the domain, as well as the fluid and dynamic nature of the globalized workforce and work setting are all the elements that are rapidly changing what work people do and how they will be assessed in accordance to it.
Other business objectives are prepared towards growing adaptability in achieving new competitive circumstances and enhancing organization excellence. Using TQM procedures has become a prevalent condition especially in continuous developing industries and companies in order to go after the growing stress towards constant development and to gain business achievement. The improvement of TQM as a key determinant for company’s favorable outcome has been well known. Many companies worldwide have been using quality management guidelines to remain competitive and to have the ability to face globalization and the new business trends. ( Madanat and Khasawneh 2017:118).