Management and organization

The paper highlights the strategic opportunities and constraints faced by the board and executive management in planning the future direction of a company. It emphasizes the importance of considering these factors for attaining growth and profitability in the market.

Running head: Management and organization
Management and organization

Management and organization
Executive summary
The paper has highlights the strategic opportunities and constraints that are faced by the board
and executive management. It is necessary to consider these factors as it can assist the companies
in attaining growth in the market. This also helps in giving direction to the business to boost the
profitability ratio in relation to the other competitors in the market. If these constraints are not
considered then it would be difficult to board and executive management to focus on future
planning process. So, the paper has highlighted the different constraints and opportunities that
play an important role in planning process of the company.
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Management and organization
Table of Contents
Executive summary.........................................................................................................................1
Introduction......................................................................................................................................1
Strategic opportunities faced by the board and executive management..........................................1
 International expansion.........................................................................................................1
 Training program..................................................................................................................2
 Technology advancement.....................................................................................................2
 Competitive advantage.........................................................................................................2
Constraints faced by the board and executive management............................................................3
 Lack of accurate information................................................................................................3
 Changing business environment...........................................................................................3
 Constraint relates with the time required at the time of planning.........................................3
 Diversity...............................................................................................................................4
Conclusion.......................................................................................................................................4
References........................................................................................................................................5
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Management and organization
Introduction
It can be observed that in the present business environment, the leader’s focuses on managing the
activities of the company through systematic planning. Without planning it would not be possible
for the company to accomplish the overall targets set by the higher authorities. So, at the time of
planning there are many strategic opportunities and constraints that are faced by the managers in
the competitive environment. So, the emphasis will be on discussing the opportunities and
constraints in relation to planning.
Strategic opportunities faced by the board and executive management
It has been analyzed that there are various strategic opportunities that relates with the board and
executive management. When planning the future direction of the company it is seen that the
opportunities are many.
 International expansion
It is one of the opportunities that can be grabbed by the higher authority if emphasis is given on
planning the future direction. The board and executive management has the chance to focus on
expansion by emphasizing on the planning. All the factors can be considered by the
management through planning and it can help in guiding the business to focus on attaining the
goals of future expansion. It is necessary for the business to focus on future expansion and it can
be done if proper planning is taken into consideration (Wolf & Floyd, 2017). There is high risk
in concerned with the future expansion but it can be maintained if the board and executive
management focuses towards the future direction of the company. By focusing on effective
planning, the risk can be reduced by the management and also the chances of attaining success
can be attained. So, it can be stated that this is one of the effective opportunity that should be
grabbed by the board and executive management so that positive outcome can be attained in the
highly competitive market (Lee, 2016).
 Training program
This is also considered as the effective business opportunity for the company for board and
executive management. It has been examined that by planning the company can ensure that they
have skilled and qualified employees to meet the requirement in the future. Through proper
planning there are high chances with board and executive management to focus on appointing
the requirement of the talented employees in the future. The board and executive management
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Management and organization
can grab the opportunity to offer innovative training programs and sessions to the employees so
that the activities can be completed on time in an effective manner (Lichfield, Kettle &
Whitbread, 2016).
 Technology advancement
It can be stated that this is also the strategic for the board and executive management in which
they can focus on considering the latest technologies through which the operations can be
managed effectively. It is analyzed that at the time of planning the future direction of the
company the board and executive management can focus on making the plan for innovation
which can only be done through latest technology. So, the future direction can be considered by
predicting the use of technology that will be required in the coming future. The company can
easily plan to make use of the latest technology which will help in enhancing innovation in
relation to the overall activities of the company. Therefore, advancement in the technology can
only be maintained if emphasis is given by board and executive management towards the future
plans (Malekpour, de Haan & Brown, 2016).
 Competitive advantage
Board and executive management can also grab the opportunity of the competitive advantage. It
has been investigated that when planning the future direction of the company, it is easy for the
company to focus on competing with the competitors present in the market. In the high level of
competition it is necessary for the board and executive management to focus on planning the
activities so that positive goals can be accomplished. The future direction of the company can be
aligned in such a manner that it assists the company in attaining the competitive advantage.
Therefore, it is stated that to attain the competitive advantage is one of the strategic opportunity
for the company that can be attained by board and executive management at the time of planning
the future direction of the company (Paasi & Zimmerbauer, 2016).
Constraints faced by the board and executive management
It is noticed that there are various limitations that are important to be considered by the board
and executive management at the time of planning the future directions of the company. So,
there are various limitations in relation to planning for the future of organization.
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Management and organization
 Lack of accurate information
It is examined that board and executive management face the limitation of finding the accurate
information at the time of conducting the planning for attaining growth in the future. By
considering the future situation it would be difficult for the managers to collect the accurate data.
This can be considered as one of the limitations as it adversely impacts the planning process of
the company. So, it can be stated that it is one of the constraint that is faced by the managers at
the time of conducting the planning for the future (Hickman & Silva, 2018).
 Changing business environment
The board and executive management faces the constraint concerned with the future happenings.
It can be said that future is unpredictable and also it is dynamic in nature so if the higher
authority emphasizes on the future planning then it can also be one of the constraints in relation
to the overall operations of the business. It can also be known as the challenge that takes place by
the management as the environment of the business keep on changing. So, it creates difficulty for
the management to emphasize on the export and also at the time of planning the process of
production. In context to this the limitation is that at the time of future planning the wrong
perception of the people can take place in the competitive environment. Therefore, it can be
stated as the constraints that affect the business scope of attaining the growth in the competitive
market (McDONALD, 2016).
 Constraint relates with the time required at the time of planning
When the board and executive management focuses on planning about the future then they also
face the constraint in context to the time. There are many cases when the management faces the
challenge at the time of evaluating the data for the future. The accurate information is difficult to
consider by the board and executive management. There are also situations when it is seen that
management conduct the planning for the future but they are not able to implement it because of
the changing situation. It can be stated that the issue can take place in relation to the changing
environment. Therefore, it can be said that board and executive management when emphasizes
on future planning then the constraints that take place is concerned with the time consumption
and also with scheduling the overall work of the management (Channon & Jalland, 2016).
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Management and organization
 Diversity
It can also be the constraint in relation to the future planning done by the management. The
workforce in the workplace keeps on changing and due to this the planning done by the board
and executive management cannot be effective in the workplace. The changing lifestyle and also
the trends of the employees create the limitation for the board and executive management in
relation to planning the entire process of the business. So, it is important for the management to
emphasize on the changing needs and trends of the employees so that retention rate of the
employees can be maintained in the workplace. Therefore, it can be said that this is one of the
constraints that is important to be considered by the management as it helps in accomplishing the
overall goals of the business in the highly competitive market (Herrera, 2015).
Conclusion
By focusing on the entire discussion, it can be concluded that there are different strategic
opportunities and constraints from which the board and executive management has to suffer at
the time of planning the future direction of the company. The opportunities are related to
International expansion, training program, Technology advancement and competitive advantage.
By conducting the future planning these are the positive results that can be accomplished by the
management. The constraints are Lack of accurate information, changing business environment,
Constraint relates with the time required at the time of planning and diversity. These all are the
factors which are important to be considered by the board and executive management at the time
of conducting the process of planning. The planning is done for attaining success and it can only
be achieved if these factors are taken into consideration by the company.
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Management and organization
References
Channon, D. F., & Jalland, M. (2016). Multinational strategic planning. Springer.
Herrera, M. E. B. (2015). Creating competitive advantage by institutionalizing corporate social
innovation. Journal of Business Research, 68(7), 1468-1474.
Hickman, C. R., & Silva, M. A. (2018). Creating excellence: Managing corporate culture,
strategy, and change in the new age. Routledge.
Lee, C. (2016). Models in planning: an introduction to the use of quantitative models in
planning. Elsevier.
Lichfield, N., Kettle, P., & Whitbread, M. (2016). Evaluation in the Planning Process: The
Urban and Regional Planning Series (Vol. 10). Elsevier.
Malekpour, S., de Haan, F. J., & Brown, R. R. (2016). A methodology to enable exploratory
thinking in strategic planning. Technological Forecasting and Social Change, 105, 192-202.
McDONALD, M. A. L. C. O. L. M. (2016). Strategic marketing planning: theory and practice.
In The marketing book (pp. 108-142). Routledge.
Paasi, A., & Zimmerbauer, K. (2016). Penumbral borders and planning paradoxes: Relational
thinking and the question of borders in spatial planning. Environment and Planning
A, 48(1), 75-93.
Wolf, C., & Floyd, S. W. (2017). Strategic planning research: Toward a theory-driven
agenda. Journal of Management, 43(6), 1754-1788.
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