Strategic Opportunities and Constraints in Planning the Future Direction of a Company

Management and organization

Management and organization
Executive summary
It can be said that planning has an important role in boosting the growth and success ratio of the
company. This will paper has highlighted the strategic opportunities and constraints that are
faced by the board of management and executive management at the time of planning the future
direction of the company. There are various opportunities such as operational efficiency,
expansion, market share and profitability and also the constraints like dynamic environment,
rigidity, time consumption and huge cost. All these are the aspects that are faced the board of
management and executive management at the time of making plans for the future growth and
success.
Introduction
The paper will discuss about the different strategic opportunities and constraints that are faced by
the board of management and executive management at the time of planning the future direction
of the company. It can be stated that to plan the future direction is one of the important aspect for
the management as it helps to focus on the overall growth and also it helps in minimizing the
risks. Planning helps the company to determine their values and norms in relation to the entire
operational functions of the company. So, there are various opportunities and constraints that
will be elaborated briefly.
Critical analysis and discussion
It has been analyzed that in the present era, it is necessary for the board and executive
management to focus on planning the future direction of the company as it can help in
controlling the business functions. But at the time of planning, one of the opportunities that can
be grabbed is related with setting priorities. It can be stated that setting the priorities of the
different function is one of the opportunity that lies in the hand of the management. At the time
of planning for the future direction, the management can be easily set the priorities which can
help in attaining the positive outcome. The opportunity that takes place emphasizes on setting the
priorities as it helps in maintaining the clear vision that should be considered by the management
in the future. The financial capital needs are also necessary to be balanced as it is considered as
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Management and organization
one of the important factor that can assist in determining the success of the company (Cassidy,
2016).
 Opportunity related with increasing the operational efficiency
At the time of planning for future done by the executive management they have the opportunity
in relation to boosting the operational efficiency of the employees. The strategic plan assists the
management in giving direction in which the company should consider the realistic objectives
and goals in context to the vision and mission of the company. The strategic plan provides the
overall foundation from which the company can easily grow and evaluate the success ratio of the
company. It can also been seen that at the time of planning the managers have the opportunity to
determine the compensation of the employees and also to create the efficient boundaries for
proper decision making. When the management emphasizes on planning they consider the
roadmap to align the overall activities of the company to attain the objectives. It also helps in
guiding the management in determining the resources and budget that is required to boost
efficient relates to operations. So, it can be stated that at the time of planning the future direction
of the company, the management has the opportunity to focus on boosting the overall efficiency
of the employees by compensating them to give their best towards the future organizational goals
(Johnsen, 2015).
 Opportunity concerned with expansion
The board and executive management also have the opportunity to expand its operations in the
competitive market. It is observed that at the time of planning for the future direction, they have
the chance to enhance the operational functions that can also help in boosting the overall market
share in the market. Planning is one of the essential factor that relates with expansion as it can be
said that if effective planning or if future directions are determined then it would be easy to grab
the opportunity related with expansion. The board and executive management can easily focus
towards maintaining the resources that can be done through effective planning. This is one of the
best strategies that can help the companies in the overall process of expansion. So, it is also one
of the strategic opportunities that can be faced by the board and executive management at the
time of planning for the future (Kerzner & Kerzner, 2017).
 Opportunity can be related with boosting the market share and profitability
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