Strategic Opportunities and Constraints Faced By the Board and Executive Management

Running Head: STRATEGIC OPPORTUNITIES AND CONSTRAINTS FACED BY THE
BOARD AND EXECUTIVE MANAGEMENT 1
Strategic Opportunities and Constraints Faced By the Board and Executive Management When
Planning the Future Direction of the Organization
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STRATEGIC OPPORTUNITIES AND CONSTRAINTS FACED BY THE BOARD AND
EXECUTIVE MANAGEMENT 2
Executive Summary
The strategic opportunities together with constraints faced by the management of
organization when planning for the future direction of an organization depend on the kind of
operations in the market. Potentially, any operation can be the barrier to efficient planning. In the
current business society, most businesses and their leaders are faced by dynamic challenges in
the process of planning for the future operations. Therefore, in the present globalized society,
leaders and their organizations need strategic thinking. They can attain such thinking by focusing
on evolving appropriate approaches to allow them to be strategically competitive in the process
of planning of the future direction of organizations. Therefore, principal target of this research
paper is to examine some of the strategic opportunities together with constraints faced by
different boards and executive management in the
Introduction
Strategic planning concentrates on the transformation as well as the development of the
organization. The strategy of planning for future operations is known to be the major driver that
improves operations of the organization from its present position to the chosen future. Strategic
opportunities form the essential process that can help in improving process of establishing
enduring business directives (Nakauchi & Wiersema, 2014). Moreover, the idea of planning for
future operations of the organization by board alongside executive management of the process
that is useful in determining the different organizational aim and developing premise concerning
the present business environmental setting (Hong, 2016). It also focuses on selecting the right
course of action to use, initiating different activities needed to transform the plan into action, as
well as evaluation of the outcome of prospect and present operations.

STRATEGIC OPPORTUNITIES AND CONSTRAINTS FACED BY THE BOARD AND
EXECUTIVE MANAGEMENT 3
Critical analysis and discussion
Strategic opportunities faced by board and Executive management when planning the
future direction of the organization
Unique challenges in their operations always face most board and executive management
are faced by unique challenges in their operations The use of specific strategies has for an
extended period been used to get different business operators off the ground as they plan for their
future operations. Some of such specific strategies consist of identification of strengths of
products, adjusting pricing for different products, or acquiring a new set of business in the
competitive business society (Caldwell & Ndalamba, 2017). Some of the strategic opportunities
in the course of the plan of operations of an organization by board alongside executive
administration comprises of development of fundamental business values, development of the
apparent organizational mission, vision, and the aspiration, advancement in technological usage,
and appropriate business opportunities. Other opportunities in a business setting are the
availability of the necessary resources for planning, huge customer base, and correct schedule as
set by the team responsible for planning practices (Verbano & Crema, 2015). Presence of cost
leadership as a strategic opportunity is essential in the process of planning for prospect operation.
It comprises of the idea of establishing the network of business so that the cost of planning of
operations can be less than the cost used to support operations during competition with other
competitors.
Appropriate vision and goals of operations

STRATEGIC OPPORTUNITIES AND CONSTRAINTS FACED BY THE BOARD AND
EXECUTIVE MANAGEMENT 4
Organizations with a clear vision and operation mission have an advantage in the market
as they focus on improving their operations. Appropriate vision is a vital strategic opportunity as
it helps a different team of management to understand what is needed of them in every aspect of
their operation (Ogwu, Pimenidis, & Kozlovski 2018). The goals help board and executive
management to understand and use desired approaches to plan for an effective way to improve
their future operations. Availability of setting clear goals and operational vision by the board and
executive management helps in executing desirable outlines. Such outlines can then be effective
in improving improve operations of the organization to match every new technique present in the
business community (Thompson & Kohon, 2016). Besides, appropriate strategies on adequate
goals help in improving the operations of the company as a management team focus on ensuring
that the company operates in line with the new advancements both in technology and needs of
different customers in the global marketplaces.
Advancement in technological usage
Presence of technology needed for planning of operations remains n to be one of the
significant opportunities that improve the process of planning for prospect operations of
organizations. The board together with executive management can use technological ideas and
devices to plan for effective techniques that can improve their operations in a modern way to
match different needs have targeted and their esteem clients (Nakauchi & Wiersema, 2017). The
use of technological ideas and equipment can help the organization to advertise their services as
well as goods thus reaching a range of customers that would further be attracted to their services
or customers. The attraction of huge customer base y the company through the use of such
technological applicants can help in improving the manner on how board and executive