Successful Strategic Thinking

Successful Strategic
Thinking

Contents
INTRODUCTION.......................................................................................................................................3
MAIN BODY TASK 1 critical literature review of key theories of how strategy is developed and
implemented, and the relationship between strategy, innovation and change..............................................3
TASK 2 critical analyses of selected strategic processes within your organization, or an organization of
your choice, related to relevant theories......................................................................................................7
Internal factors........................................................................................................................................8
Competitors Analysis...............................................................................................................................9
CONCLUSION.........................................................................................................................................10
REFERENCES..........................................................................................................................................11

INTRODUCTION
Strategy management is the method of a group's continuous monitoring and evaluation
requirements to achieve their goals and targets in a timely and effective manner. Changes in the
business environment necessitated a company's ongoing development of a comprehensive plan
for improvement and development. The article will look at the TESCO Organization, and its a
well and updated company. Jack Cohen created the group in 1919. The strengths and weaknesses
that affect the employee will be discussed in this study. Also, I'll discuss the relevance of change
management in an organization, which is dependent on the institution's complexity.
MAINBODY
TASK 1 critical literature review of key theories of how strategy is developed
and implemented, and the relationship between strategy, innovation, and
change
This part of the report helps in understanding about different theories during strategy formulation
of organization and It's really about transition and also continuance; this must entail focused
entirely and human engagement, collaboration along with confrontation; this must involve
analyzing beforehand and scripting after and also attempting to negotiate all through; as well as
everything must be done in reaction to what might be a challenging atmosphere. Simply leave
this out though and observe exactly what Mintzberg claims will occur. Theoretical models of
management and market ideas are intertwined. Business ideas attempt to solve the problem as to
why businesses emerge in the first place.
Resource-based perspective — focuses mostly on the company's product capabilities, either
existing or prospective, that allow it to give greater value in its products across marketplaces,
sectors, and numerous types of consumers. According to the "resource view," a company's
retained earnings and competencies are the greatest competitive advantage over the other
enterprises. With this perspective, a plan aims to identify or build unique knowledge and
capabilities, which are then applied to produce higher value. Such abilities can be leveraged to
generate a competitive advantage to a degree that they're being retained exclusively to the
company.

The start of development and conduct, according to humanism conceptions of attraction, are
founded on brain performance. Maslow's hierarchy of needs, which has been extensively stated
in the previous section, is the most important theory inside this class. Physical, security, sense of
belonging or attachment, respect, and personality are the five necessities identified by Maslow's
theory. Some requirements are provided in such a hierarchical order, which means that higher
requirements would not be completed until previous requirements have been met. The much
more basic needs are physiological, which include the requirements for oxygen, shelter, and
nutrition. The terms "safety" and "security" are used interchangeably in the security industry.
Individuals have crucial demands that really should be recognized while considering
fundamental human productivity in the workplace. An attempt to develop a company's product
performance Love and loyalty are important social demands, but they aren't the only ones.
Connection and the feeling of connection or participation in a group. Employment status may be
influenced by organizations or initiatives. In Their teams, there is a sense of happiness and
dedication. Honor Self-esteem, personal worth, and social acceptance are examples of wants
achievement, and acknowledgment. Concerning remuneration, advancement, and
acknowledgment, these requirements are unquestionably business-related. Ultimately,
personality wants are the greatest level of demands and are therefore more self-centered, such as
lifelong success or simply fully reaching one's capacity. The fact that a theory designed to
investigate human characteristics may be applied and modified to match a specific subset of
individuals, such as those working in a company or IT sector, is fundamental to this explore. By
using a theoretical framework to construct an organizational behavior approach that must be
utilized not just to anticipate, but then also adapt to aspects like job performance, achievement,
and commitment requires more than just applying the theory or paradigm. According to the
arousing theory of motivation, a person’s behavior is connected to the need or plan to increase or
reduce arousal. An individual's degree of alertness can be controlled by engaging in tasks that are
either thrilling or soothing. Upon on the outside, this group of concepts does not pertain
immediately to corporate or IT contexts, however, the Yerkes-Dodson law suggests that alertness
state and productivity are linked. Despite extreme, level of declining productivity can enhance
efficiency, according to the concept.
Igor Ansoff, considered the father of strategy implementation, created organizational strategy as
a management function. Ansoff defined strategy as the "consistent theme" which runs across an