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Business Strategic Planning Assignment

   

Added on  2020-05-04

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Running head: EFFECTIVE STRATEGY PLANNING EFFECTIVE STRATEGY PLANNINGName of the StudentName of the UniversityAuthor Note
Business Strategic Planning Assignment_1

EFFECTIVE STRATEGY PLANNING1Reason behind keeping hidden strategies The organization always has a particular strategy for which they have met their long-term goalsand objectives. There are some major policies that are not forecasted by the management, as theyare the future steps or activities of the company they do not want to disclose. Employees aremust be trustworthy to the company, however, there are numerous cases when employees are notloyal to the company and they implement the same strategy in their own startup business andmake successful. Thus, now onwards big decisions are always kept as a secret. Business policy,outline, and framework are important to measure any of the strategic implementation as the reachof the company and their associated terms are very important to analyze the company's stretch inthe market (Austin and Pinkleton 2015). Managers are implementing certain strategies for thebetterment of the company in case of getting more evaluation, control, and formulation of thecompany in the competitive market. The resources are also important and effective as these aredetermination factor of marking the corporate objectives of an organization.There are several dimensions that analyze the corporate strategic decision and manage allthese decisions in an ethical way so that perspective of the understanding of every employeeremains same. The goal must be fixed for all and they support the company improvement toachieve that goal. Top level decision and pledge is the first dimension that analyzes managementcommitment to their organization. They are the executives and bosses of the company so theirstrategic planning is needed to god otherwise company will get a severe threat in a competitivemarket. The second dimension emphasizes on the resources of the organization (Grant 2016).Organization potential resources signify the stretch of the company and provide an impactfulthought where the organization can use this. Executives and managers perspective in terms ofassets, money and physical working people and effective allocation of them is the key issue to
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EFFECTIVE STRATEGY PLANNING2commit their workplace as well. The organization has some long-term property and this is thethird dimension of the company that encompasses the particular strategy that provides acompetitive advantage to the company. Some of the technological adaptation assistance from themarket and change in strategy may consider the long-term strategic implementation over thedevelopment of the company (Hrebiniak 2013). This is another dimension that provides long-term objective and endangers previous gain and shifted the market for better opportunities. Forthis situation also strategic mindset is required and those strategies are kept aside from theemployees before the implementation. Company’s future orientation is depending on the properprojection development and product versatility. In case of the proper development, theorganization is always depending on the correct strategies from managers. Strategies, those areimposed by the manager, must be implemented in a required way so that competitiveeffectiveness, necessary involvedness and strategic business units and divisions are maintained(Konno, Nonaka and Ogilvy 2014). There are certain characteristics in strategic business objectives which may not beforecasted form the authority for the external influence over this. External influences are sochallenging that company survival is the concern issue over the situation. Most promisingstrategy in business is the future development of the organization. In this case, the promisingstrategic use is the key intervention that management has done in an ethical way so that businessoperations have a smooth way to operate. It requires adequate amount of resources, relevant useof external factors and top and concern level of the management team (Kim and Mauborgne2014). All these allocations are important to determining the proper strategy of the company. Insuch cases, the long-term commitments are being fulfilled and those are being fulfilled by theframing out of strategies of the organization. Organization success and failure are depending on
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