Strategic Opportunities and Constraints

Running head: STRATEGIC OPPORTUNITIES AND CONSTRAINTS
Strategic Opportunities and Constraints
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STRATEGIC OPPORTUNITIES AND CONSTRAINTS1
Executive Summary
The main purpose of this essay is to elucidate on the strategic opportunities that are faced by
Board along with Executive Management of a company. The essay also talks about the
implications of the opportunities along with the constraints for the future direction of a
company.

STRATEGIC OPPORTUNITIES AND CONSTRAINTS2
Introduction
Strategic opportunities should be utilised by an organization that can create the
advantageous condition for the future. An organization should be able to anticipate the future
scenarios that can help in leveraging the strengths and minimizing the weakness in an
organization. An organization can take recourse to collaboration that can help organizations
in getting the right benefit from the strategic opportunities (Bergh et al., 2016). The strategic
constraints can hamper the progress of an organization and it can act as a barrier in the path
of development of an organization. This essay throws light on the strategic opportunities
along with the constraints which are faced by Board along with Executive Management. It
talks about the effect of the opportunities and the constraints on future direction of an
organization.
Critical Analysis and Discussion
The Board of Management in an organization provides the leadership that acts as an
impetus for the execution of the strategies in an organization. They are involved in approving
along with capitalising the plan that can help a company in devising the successful strategies.
They monitor the progress and that of the results that proves to be useful in implementation
of an effective strategy within the framework of an organization. The board meetings are held
by the management that proves to be of great help for an organization in the implementation
of the successful strategy (Wolf & Floyd, 2017). The board meetings can review the past
performance and measure the metrics that opens opportunities for an organization in planning
for the future strategies. The Executive management can identify the growth opportunities
that can help in providing direction to an organization. The boards can spend around 90 % of
the time looking back on the performance that can help a company in making the full use of
the opportunities (Hbr.org., 2019).