What is Strategy And Why Is It So Challenging For Organisations - Free Essay Example

Sample details Pages: 6 Words: 1783 Downloads: 5 Date added: 2017/06/26 Category Management Essay Type Narrative essay Level High school Did you like this example? What is strategy, and why is it so challenging for organisations? Introduction: à ¢Ã¢â€š ¬Ã…“Strategyà ¢Ã¢â€š ¬Ã‚  Ità ¢Ã¢â€š ¬Ã¢â€ž ¢s [A1]a one word but it have a whole language in it. Strategy can be describe in its best meaning that ità ¢Ã¢â€š ¬Ã¢â€ž ¢s the way of Art and Science of Planning And marshalling [A2]the resources for their most affective an offensive use to bring about a desired future. Strategy is the way through which an organization can move from one milestone to other in pursuit of the overall goals. Without Strategy a company can be like a person without its nervous system so if an Organization wants to move in a race with other companies they have to make solid strategies for their organization. The term Strategy is derived from the Greek à ¢Ã¢â€š ¬Ã…“strategosà ¢Ã¢â€š ¬Ã‚  meaning a general set of man oeuvres carried out to overcome an enemy. Strategy mostly involves to Set goals determine the actions to achieve goals and mobilizing resources to execute the actions. The main them of strategy is how the end goal will be achiev ed through the mean (Resources). There three main components of any strategy (Petros DeSimone, 2010). 1) Diagnosis 2) Guiding Policy: That will define how to deal with those challenges 3) Action Plans: Its Designed to carry out the guiding policy Don’t waste time! Our writers will create an original "What is Strategy And Why Is It So Challenging For Organisations?" essay for you Create order Diagnosis: This step is basic Component for any strategy planner though this the worker of an organization get able know which kind of challenge is this it will and it will explain whole scenario of challenge to the worker of an organization (Petros DeSimone, 2010). Guiding Policy: As a worker of an organization get Diagnosis of a challenge to its organization then a guiding policy will be needed which will define how to deal with that challenge which they are facing? Action plan: After Guiding policy the worker needs an Action Plans which is designed to carry out that guiding policy Beside these three basic components strategy involves two major processes which are 1) Formulating Strategy 2) Implementing Strategy (Petros DeSimone, 2010). Formulating strategy: This step basically depends upon the components of strategy. Formulation involves analyzing the environment or situation, making diagnosis and developing the guiding policy. Implementing Strategy: Implementation refers to the action plans taken to achieve goals which are established by the guiding policy. [A3] Why strategy is so challenging for organizations? To run a business or organization strategies are needed without that organization or a company canà ¢Ã¢â€š ¬Ã¢â€ž ¢t reach to our desired goal[A4]. Strategies are like a soul for organizations, because with time they have to face tough challenges and to complete those challenges strategies plays important role.[A5] With time to time the board of director change their strategies because of Competitor which are in market and need to un ique strategy through which they can produce the result in order to maintain the fruitful result in a reliability of specific organization (Goldhirsch, et, all, 2011). Here are some points which strategy makers thinks before making strategy and this indicates why Strategies are so challenging for an organizations Strategy Formulation and Implementation: Strategy formulation and implementation areseparate,[A6] distinguishable parts of the strategic management process of business. Logically, implementation follows formulation; one cannot implement something until that something exists (Donnelly, et, all, 2009). Without formulation and implementation the business cannot give the fruit which organization desires. Formulation and implementation is like a two legs of strategy which able to move it on their way Execution takes time: The successful implementation of strategy takes more time than its formulation. This can challenge managersà ¢Ã¢â€š ¬Ã¢â€ž ¢ attention to execution detai ls. The longer time frame can also detract from managersà ¢Ã¢â€š ¬Ã¢â€ž ¢ attention to strategic goals (Donnelly, et, all, 2009). Controls must be set to provide feedback and keep management abreast of external à ¢Ã¢â€š ¬Ã…“shocksà ¢Ã¢â€š ¬Ã‚  and changes. The process of execution must be dynamic and adaptive, responding to unanticipated events. This imperative challenges managers responsible for execution. Understanding uncertainties and risks: In business the board of director has to think on the answer of the question that: how did we get here?Answering this question is a more difficult for deciding what policies and actions will push future performance in the desired direction.And while moving in that direction the directors have to think about the risks and uncertainties in business and for limiting and low down effect of that risks they have to make best strategy because if that strategy fails on that risks their company will not able to stand in market as they were before (Jansen Janssen, 2010). Assessing and selecting among options: The goal is to select now, without perfect information, the strongest set of actions that will move the business towards its goals. Here it is important to consider not only the potential à ¢Ã¢â€š ¬Ã‹Å"bottom lineà ¢Ã¢â€š ¬Ã¢â€ž ¢ benefits, but also the each of option under uncertain future conditions and the relative difficulty and time required for implementation (Jansen Janssen, 2010). Customer Retention: IF an organization doesnà ¢Ã¢â€š ¬Ã¢â€ž ¢t have an effective business strategy for costumer they will lose the customers easily and for that organization needs Develop a program for following up on customers, and for staying in touch with repeat customers to make sure your products are working properly. Organization has tried to find new ways to help the customer with your product. When customers call in with problems, there needs to be an established and efficient customer service strategy in place to reduce customer stress (MandiÃÆ'„à ¢Ã¢â€š ¬Ã‚ ¡, Basili, Har jumaa, Oivo Markkula, 2010, September). Customer follow-up procedures and efficient customer service programs are essential to customer retention and sales revenue. Clarity in Direction of Activities: Strategies focus on direction of activities by specifying what activities are to be undertaken for achieving organizational objectives (MandiÃÆ'„à ¢Ã¢â€š ¬Ã‚ ¡, Basili, Harjumaa, Oivo Markkula, 2010, September). They make the organizational objectives more clear and specific. For example, a business organization may define its objective as profit earning or a non-business organization may define its objective as social objective. strategies will provide how profit objective can be sharply defined in terms of how much profits is to be earned and what resources Of how much profit is to be earned and what resources will be required for that. When objectives are spelled out in these terms, they provide clear direction to per-sons in the organization responsible for implementi ng various courses of action. Most people perform better if they know clearly what they are expected to do and where their organization is going (MandiÃÆ'„à ¢Ã¢â€š ¬Ã‚ ¡, Basili, Harjumaa, Oivo Markkula, 2010, September). Organizational Management: Management of any organization is playing a pivotal role in order to maintain strategy and the business on the zenith. This is the management which makes all success possible, through assurance of team work. This is the management which make the company out from the peril and which safe the company from any difficult situation. The role of management is much more authentic and much more systematic which includes the system much provide the way to accomplished the given tasks by higher authorities. This is the reason through which staffs are organized and all works are managed (MandiÃÆ'„à ¢Ã¢â€š ¬Ã‚ ¡, Basili, Harjumaa, Oivo Markkula, 2010, September). Feasibility Study: Feasibility study is most essential in order to maintain the work of the firm and for strategy planning. Through this feasibility process management of our firm must be active to know that what is actual amount which is use to initiate any business or to maintain any firm. Feasibility study is the keen interest of the person which effectively works in order to maintain the system more actively and more systematically (MandiÃÆ'„à ¢Ã¢â€š ¬Ã‚ ¡, Basili, Harjumaa, Oivo Markkula, 2010, September). The feasibility study tells our organization that how much budget we have to initiate any project in UAE or to maintain it into the sustainability and harmonizing it. Competitor Analysis: The competitor analysis is the techniques which must be known by the manager or higher authoritiesà ¢Ã¢â€š ¬Ã¢â€ž ¢ officials to maintain the status of their company into peak. This is the analysis in which a manager forecasting the capabilities and future position of his own firm and compare it with other firm. After getting result he engages to work more for the sake of maintenance of his firm. In UAE the competition in business is getting increase day by day (MandiÃÆ'„à ¢Ã¢â€š ¬Ã‚ ¡, Basili, Harjumaa, Oivo Markkula, 2010, September). We must have to maintain the marketing and apply different techniques in order to beat the market value of our client. It also considering of following and take out the anti ways to beat the competition of your competition. We have to promotes our policies and provide the best results with best deals of facilitates to attract the more clients (MandiÃÆ'„à ¢Ã¢â€š ¬Ã‚ ¡, Basili, Harjumaa, Oivo Markkula, 2010, September). [A7] Co nclusion: To be on successive path organization or company should have to think about what best strategy they would make so they can stand in market and beat their competitors in marketing line. Without strategies company will not able to stand a day and if the directors of organizations want fruitful organization then they have to make first pillar first which is Strategy. References: Donnelly, J. E., Blair, S. N., Jakicic, J. M., Manore, M. M., Rankin, J. W., Smith, B. K. (2009). American College of Sports Medicine Position Stand. Appropriate physical activity intervention strategies for weight loss and prevention of weight regain for adults.Medicine and science in sports and exercise,41(2), 459-471. Retrieved from https://europepmc.org/abstract/med/19127177[A8] Goldhirsch, A. 2., Wood, W. C., Coates, A. S., Gelber, R. D., ThÃÆ' ¼rlimann, B., Senn, H. J. (2011). Strategies for subtypesà ¢Ã¢â€š ¬Ã¢â‚¬ dealing with the diversity of breast cancer: highlights of the S t Gallen International Expert Consensus on the Primary Therapy of Early Breast Cancer 2011.Annals of oncology, mdr304. Retrieved from https://annonc.oxfordjournals.org/content/early/2011/06/27/annonc.mdr304.short[A9] Jansen, F., Janssen, D. (2010). Effects of positive politeness strategies in business letters.Journal of pragmatics,42(9), 2531-2548 retrieved from https://www.sciencedirect.com/science/article/pii/S0378216610000627 MandiÃÆ'„à ¢Ã¢â€š ¬Ã‚ ¡, V., Basili, V., Harjumaa, L., Oivo, M., Markkula, J. (2010, September). Utilizing GQM+ Strategies for business value analysis: An approach for evaluating business goals. InProceedings of the 2010 ACM-IEEE International Symposium on Empirical Software Engineering and Measurement(p. 20). ACM. Retrieved from https://dl.acm.org/citation.cfm?id=1852813 Petros, R. A., DeSimone, J. M. (2010). Strategies in the design of nanoparticles for therapeutic applications.Nature Reviews Drug Discovery,9(8), 615-627. Retrieved from https://www.nature.com/nrd/journal/v9/n8/abs/nrd2591.html[A10] [A1]Weak Start [A2]And should have been smaller [A3]Could have elaborayed [A4]Our desired goal, means? [A5]Weak sentence [A6]Why it is italics? [A7]Kindly arrange the document so as to relate to the topic and present strong arguments. [A8]Irrelevant reference [A9]Irrelevant reference [A10]All references are utter nonsense, nothing is relevant

Essay on Analyis of Knowledge of a Possibility by JUllary...

The value of literature as a source of knowledge is a timeless debate that varies depending on how knowledge is defined. I will adopt Hillary Putnam’s theory of â€Å"Knowledge of a Possibility† (Putnam 488) in â€Å"Literature Science, and Reflection† (1976), and focus on the value of literature as a source of conceptual knowledge. The emergence of the novel brought with it conventions for a more realistic writing style that aimed to appeal to the common readers. Variations of the degree of realism ranged from writing that tried to present a fully authentic experience of life, known as Formal Realism, and writing that offers some authentic aspects of life but also conserves characteristics of classic genres of epics and romances. These†¦show more content†¦The criterion for knowledge is rather complex and Putnam addresses literary knowledge in â€Å"both the empirical and conceptual elements† (Putnam 488). On the one hand, there are the conceptua l elements of knowledge, those that can be considered â€Å"knowledge of possibility† (Putnam 488) that allow us to think of new possibilities through â€Å"conceptual discovery† (Putnam 488). Conceptual knowledge allows readers to get a sense of what something is like or provide insight to another person’s beliefs. There are not necessarily claims to truth in this form of knowledge, but in some instances the hypotheses we obtain from literature may be tested confirmed through personal experience, and consequently may be confirmed or falsified. On the other hand there is empirical knowledge, which is gained through observations, scientific experimentation, and evidence. In this context, Putnam rejects the ability of literature to provide readers with empirical knowledge. In his example about The Golden Notebook by Doris Lessing, Putnam suggests that the book provides knowledge of â€Å"what it was like to be a communist in the 1940s† (Putnam 489) but offe rs a disclaimer â€Å"you may say to yourself this is what it must have been like; but...you have no right to say â€Å"I know what this is what it was like†Ã¢â‚¬  (Putnam 489). Despite this distinction, Putnam still asserts the value of knowledge in literature â€Å"Dorris

Federalism Court Cases Essay Example For Students

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Phantom Tollbooth free essay sample

This book takes the protagonist, Milo on a journey to show him how amazing life is, due to his theory that life is nothing but boring and depressing. Because of Milos theory, Juster creates a surreal and fantastical world that Milo becomes lost in. Through Justers description and development of this unrealistic world, the moral of the story is found. I love the fact that the moral behind the book is realizing the vast array of color we have within our lives rather than a humdrum, solid grey, meaning, our lives are filled with excitement and beauty that we should never take for granted or overlook. Justers use of play on words (e. g. the whether man), a kingdom of numbers feuding against a kingdom of letters, the journey to find Rhyme and Reason (women rather than the abstract ideas), and the various perspectives that can be taken upon one thing are poignant for a juvenile book. We will write a custom essay sample on Phantom Tollbooth or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page I have read this book four times and every time I read it I learn something new. I enjoy the use of play on words within this book, because it gives the book a sense of humor that adults and somewhat complex thinkers can enjoy. I like the concept of conflict between numbers and letters, because within our everyday lives we are using both. To think that they are fighting over which one is more important is humorous but also thought provoking. In the book, Juster names many characters by their role or intent within the book. Milo is on a journey to find Rhyme and Reason so that peace may be restored to the Kingdom of Wisdom. I think that though simplistic, Justers choice of naming was the best decision. Not everything has to be complex and that is what I like about The Phantom Tollbooth. It genuinely has the best of both worlds. It gives readers of all ages something to laugh and think about. I have learned that my life is precious, even the simplest moments and though that wasnt a new and sudden epiphany, it was and always is a great reminder to not take the precious gift of life for granted. I love this book, additionally, because of its vivid use of surrealism and imagery. Despite the lack of illustrations within the book, Justers words paint a phenomenal picture that one illustration could never, in my opinion, do justice to. The imagination that Juster stimulates within all of his readers within The Phantom Tollbooth creates paintings that are meant to be recreated and changed every time we read the book. Perhaps, that is my most favorite thing about this childhood book, its ability to create a different and unique world that I suddenly become a part of every single time I read it.