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Report | the Strategic Management

   

Added on  2020-04-13

11 Pages2194 Words37 Views
Running head: STRATEGIC MANAGEMENT
STRATEGIC MANAGEMENT
Name of the student
Name of the university
Author note
Report | the Strategic Management_1
1STRATEGIC MANAGEMENT
Executive summary
The report aims at understanding the requirements of the company in maintaining the secrecy of
the strategies that are being undertaken by the organization. The reasons for the maintenance of
the secrecy are being enumerated in the report. It helps in understanding the basic requirements
of the company to sustain its growth in the market. The report also examines the mechanisms
that help the organization in undertaking a sustainable approach. The main purpose of the report
I based on the understanding of the organizational need to sustain itself in the market.
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2STRATEGIC MANAGEMENT
Table of Contents
Reasons for the secrecy in the strategic planning............................................................................3
2 Mechanisms of Sustenance...........................................................................................................6
2.1 Long term vision....................................................................................................................6
2.2 Integrating Sustainability in all the projects..........................................................................7
2.3 Communication Processes.....................................................................................................7
2.4 Stakeholders approach...........................................................................................................7
References........................................................................................................................................9
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3STRATEGIC MANAGEMENT
Reasons for the secrecy in the strategic planning
The growth of the multinationals is based on the strategies that are being implemented in
the management of the organization. The organizations consider the sustenance and growth of
the organization in the market. the factors that supports the growth helps in making the functions
effective. It helps in retaining the market (Hitt, Ireland and Hoskisson 2012). The strategies that
are being formulated by the organizations help in determining the contingencies and thereby
solve them. The strategies that are being formulated by the organization is kept as a secret for
various reasons, failing to do which might lead the firm to face discrepancies in the market.
The report analyses the importance of the planning procedure and thereby understand the
requirements of the organization to keep its strategies as a secret. The growth of the organization
is based on the strategies that are being formulated based on the issues that the company faces.
While formulating the strategies, the company undertakes an analysis, which determines the
needs of the consumers. The concerned company for the report, The Sultan Centre aims at
securing its strategic plans in order to grow in the international markets.
Planning helps in the development of the organizations in their respective sectors. It
determines the market that the company holds in this relation. Proper planning, based on the
requirements of the change undertaken by the company, ensures its progress in the market. The
organization’s consideration is based on the progress that it plans for its development and
sustenance in the market (Peppard and Ward 2016). The reasons that justify the actions of
secrecy undertaken by the company are being discussed in this section of the report.
The firm does not undertake free distribution of the strategies in order to retain the
uniqueness of their strategic planning. The uniqueness in the strategic planning helps the
Report | the Strategic Management_4

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