Strategic Opportunities and Constraints: Leadership Management Essay

This essay delves into the strategic opportunities and constraints encountered by the Board and Executive Management of a company. It emphasizes how organizations can leverage strategic opportunities to create advantageous conditions and anticipate future scenarios, focusing on collaboration to maximize benefits. The essay then analyzes how strategic constraints, such as lack of industry knowledge, limited resources, and resistance to change, can hinder organizational progress. It examines the roles of the Board and Executive Management in strategic planning, decision-making, and communication, highlighting how effective leadership, common vision, and proactive dialogue are crucial for overcoming challenges and fostering a competitive edge. The discussion includes the impact of various constraints like limited resources, funding issues, and economic insecurity on the implementation of strategic decisions and overall organizational success. The essay concludes by underscoring the importance of utilizing strategic opportunities and addressing constraints to ensure the long-term success and future direction of a company, emphasizing effective leadership and anticipating future situations to take advantage of the strengths of an organization.

Running head: STRATEGIC OPPORTUNITIES AND CONSTRAINTS
Strategic Opportunities and Constraints
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1STRATEGIC OPPORTUNITIES AND CONSTRAINTS
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.

2STRATEGIC OPPORTUNITIES AND CONSTRAINTS
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).

3STRATEGIC OPPORTUNITIES AND CONSTRAINTS
The management fosters the dialogue that can impact the aspect of the management thinking.
The management of the company have information on the markets along with the customers
that can help them in carrying out the right kind of strategies within the framework of an
organization. The Board of the Management can make use of the expertise of the individual
director that can help in fostering agreement for an organization.
The regular communication taking place in between CEO along with the Board can
help the Board of the Directors in keeping updated regarding the strategy along with that of
the execution (Albers, Wohlgezogen & Zajac, 2016). The Executive Management should
have a common vision that can help in creating a strategy for a company. The directors
examine all kinds of costs that can help a company in the area of strategic planning. The
Board of the Management having the common procedure can act as an advantage for a
company. The responsibilities are set in a company that acts as an impetus for carrying out
the successful strategies within a company. The proper time being dedicated to that of the
planning of the meetings can prove to be of great use for a company in framing the proper
strategy. The Board of Management have the committee or that of a task force that can be
advantageous for a company (Shin & Konrad, 2017). The proper delegation of the
responsibilities within the framework of an organization can help in the development of
strategic plan for a company. The carrying out of the right kind of dialogue in a company can
help a company in understanding the strengths along with the weakness that can pave the
path for a success of an organization. The communication can also prove to be an effective
instrument that can have a positive impact on the future direction of a company. The
management of a company having the common vision can help an organization in getting
ahead in the competitive environment. The dialogue should be carried out in a proper manner
in an organization that can help an organization in overcoming the barriers of that of the
surrounding environment.

4STRATEGIC OPPORTUNITIES AND CONSTRAINTS
The Board of the Management have to face the constraints when planning for the
future of an organization in the event of the directors of the company having less amount of
understanding in relation to the industry dynamics. The Executive Management not knowing
about the economics along with the competitive positioning can throws open challenges in
relation to planning for the future strategy of a company. The lack of knowledge on the part
of the management of a company hinders the ability of providing the meaningful output.
There also exist the lack of clarity pertaining to the role of the individual directors along with
the board that obstructs the element of strategic planning for an organization (Zhao et al.,
2017) The process of the strategic planning evolves from the formulistic approach to that of a
year-round iterative process. There also exist the lack of the alignment that can hamper the
ability of a company of prioritising the issues along with the strategies. It limits the
effectiveness along with the financial performance of a company.
There also exist the problem of limited team dynamics that cab stifle the discussion
taking place in an organization. It can play an important role in preventing the change taking
place in an organization. The directors of the company have the multiple commitments to that
of the various companies that can hinder the development of an organization (Chang & Lin,
2015). The constraints that hinder the growth of an organization pertains to the limited
manpower that does not allow the completion of the tasks in an effective manner. It is found
that an organization lacks the resources that acts as a constraint in building the proper
strategy in relation to an organization. The lack of the resources have an effect on the aspect
of the marketing along with the talent acquisition that acts as a harmful element for a
company. An organization is also hindered by the element of the funding that can hinder the
process of the planning for a company. The barriers are perceived in the process of the
business strategies in the event of an organization resisting to that of change that can act as a
dismal force for a business organization. The managers resist the process of change as they

5STRATEGIC OPPORTUNITIES AND CONSTRAINTS
feel that their decisions would not be accepted by the employees of the company that can
harm the future success of a company.
Economic insecurity is an important factor that can cause a company to face the
challenges that can obstruct in the process of implementing the strategic decisions. The
Executive Management of the company have the impractical methods of the business
planning that can pave the path for the downfall of an organization. It can cause an
organization to suffer the losses in that of the long term. The management lacking the right
kind of knowledge cannot understand what kind of strategies can be implemented that can
help an organization in the long run that can pave the path for the failure of the company. The
management of a company in the event of not being aware about the competitive positioning
can be instrumental in making the company lose the right direction. It can have a detrimental
effect on the amount of the revenues along with the profit that are made by a company. The
management of a company do not agree on the important points that can cause an
organization to earn less amount of the profit. The directors of a company should have the
capability of prioritising regarding the things that can assist in the effective functioning of a
company. It can help a company in getting ahead of the competitors and have a successful
future. The impractical methods in relation to the business planning can make a company lose
valuable amount of the resources that can act as a negative factor for a company. It does not
help in replenishing the resources that can have a negative effect on that of the future
direction of an organization.
Conclusion
Strategic opportunities can be utilised in the right manner by a company that can
ensure the success of a company. The anticipation of the future situations can help a company
in taking the advantage of the strengths in relation to a company. Board of the Management

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can provide the right kind of leadership that can execute the strategies in the proper manner.
They can capitalise plans that can prove to be a positive force for a company. The progress
should be monitored by the management that can help in carrying out the right strategies. The
dialogue should be fostered by the management that can have an effect on the way of
thinking of the management. The Executive Management should have abundant information
regarding markets that can aid in the process of implementation of strategies. The constraints
are faced by management when the managers do not understand the various kinds of the
industry dynamics. Executive Management of company are unaware about economics that
can have a detrimental effect on the future direction of a company.

7STRATEGIC OPPORTUNITIES AND CONSTRAINTS
References
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(2016). Using meta‐analytic structural equation modeling to advance strategic
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Chang, C. L. H., & Lin, T. C. (2015). The role of organizational culture in the knowledge
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Hbr.org. (2019). Seven Strategies for Simplifying Your Organization. Retrieved from
https://hbr.org/2013/05/seven-strategies-for-simplifyi.html
Shin, D., & Konrad, A. M. (2017). Causality between high-performance work systems and
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Wolf, C., & Floyd, S. W. (2017). Strategic planning research: Toward a theory-driven
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Zhao, E. Y., Fisher, G., Lounsbury, M., & Miller, D. (2017). Optimal distinctiveness:
Broadening the interface between institutional theory and strategic
management. Strategic Management Journal, 38(1), 93-113.