Strategic Management: Navigating Uncertainties and Creative Tension

This project report delves into critical aspects of strategic management, examining strategic uncertainties, strategic boundaries, and the generation of creative tension within a business context. The report begins by defining strategy and its importance, then explores how businesses can identify and capitalize on opportunities amidst uncertainty. It discusses the establishment of strategic boundaries to align entrepreneurial efforts with business goals and mitigate risks, drawing examples from real-world business failures. The report also examines creative tension, its impact on teamwork, and its role in fostering innovation and problem-solving, including how to manage diverse teams and address conflicts. The conclusion emphasizes the significance of strategic processes, decision-making based on multiple sources, and the role of creative tension in driving effective outcomes. The report references various books and journals to support its findings, providing a comprehensive analysis of these key strategic elements.

Project report

Contents
INTRODUCTION...........................................................................................................................1
MAIN BODY..................................................................................................................................1
What strategic uncertainties make you cautious?........................................................................1
What strategic boundaries have you set?.....................................................................................1
How are you generating creative tension?...................................................................................2
CONCLUSION................................................................................................................................4
REFERENCES................................................................................................................................5

INTRODUCTION
Strategy is considered as the action plans which are formed for attaining the longer term or
whole intent. Strategies of business aids in providing directions to overall firm as well ass
prevent their individuals from losing sight of end objectives. Strategic process is related with
formulating decisions. Moreover, decisions are developed only after information from several
sources that is received. In addition to this, the particular information is received from both into
entities and from the atmosphere outside the firms. Strategic management process states as
describing the strategy of business. This is also described as the procedures through that
managers forms a choice of set of tactics for company which would allows them to attain
effective performance. The topics which are going to be discussed in this report are strategic
uncertainties, strategic boundaries and forming creative tension.
MAIN BODY
What strategic uncertainties make you cautious?
Strategic uncertainty is considered as the circumstances in which the present state of
understandings is such as the nature or order of aspects is not known, extent, consequences or
magnitude of situations, events conditions is not unanticipated and credible probabilities to
potential results are not delegated. Additionally, the uncertainty is beneficial into those this
enables businesses for identifying opportunities into the midst of disruptive periods as well as
utilise it for gaining the top rated upon competitors. Uncertainty develops a vital aspects of any
business. All owner of business understands that without any risk, there are not ant rewards. So,
the uncertainty existent creates a core aspects of their investment as well as speculation. For
being a top organisation, so, they would required to appreciates uncertainty and dealing with this
as it appears.
What strategic boundaries have you set?
Strategic boundaries that are always stated into adverse aspect which assure that the
initiative of entrepreneurial of their staff aligns with the expected guidance of business.
Additionally, all strategy brings the risks which a person’s action would put the business off
course. In this, it is simple to fail for inoculate the business against this risk. As they would
observe, the trick is into setting up the clarified boundaries. Controlling strategic risk is
undertaken to be the fourth execution imperative. Strategic boundaries that are always described
1

into negative way which assures that initiative of entrepreneurial of their staff that related to
expected business guidance. In addition to this, strategic boundaries may also safeguard them
from the form of errant actions which destroyed Enron as well as brought monetary services
entities like Fannie Mae and Lehman brothers to its knees.
How are you generating creative tension?
Team work to resolve the issues experiences different dynamics. Within an harmonious
setting, individuals tends for agreeing upon solutions towards difficulties by consensus. While
individuals do not agree as they are pushing its own perceptions as well as not conceding to
others that dynamic is known as the creative tensions. It states that team should perform a
solutions after undertaking diverse points of view. In Addition to this, it may assists group
members in identifying the effective solutions or may hold back the team from attaining the
outcomes. Additionally, they develops effective ideas and results. This tension causes
concentration as well as in depth seated wants for resolving the tension so catalysing top rated
activities as well as more manufacturing. They may feel the excitement sense and even
anxiousness. Creative tension straddles the line among directions as well as uncertainty. By
maintaining few creative tensions level into groups & firms develops an impetus for resolving
those uncertainties. It in turn, develops opportunities for bouncing around new thoughts and
leads innovations.
Effects on Workers.
In gathering encountering creative tension, staff can leave away inclination fulfilment
for the gathering's positive results or dissatisfaction, outrage or disappointment. Fulfilment
comes from a feeling of pride in the gathering's accomplishments. Disillusionment, outrage or
dissatisfaction results from various situations. An individual could accept her feedback was
overlooked by the gathering, that certain individuals joined to drive a choice all in all gathering
or that one individual ruled the gathering. Inventive pressure can be solid and useful when
bunch individuals are fulfilled. Whenever left unrestrained, it can sting a few individuals,
making them wish they weren't essential for the group. A gathering needs helpful strategies for
settling strains.
Workplace Diversity
The present personnel progressively incorporates individuals of assorted foundations,
both in the domestic working environment and in organizations with workers from various
2

nations. An assorted association needs individuals who can deal with the positive and adverse
consequences of pressure made by various representatives communicating in the work
environment. It means quite a bit to "use it as an imaginative power for change," as indicated
by Marshall Goldsmith, chief instructor and mentor, composing for the Harvard Business
Review Blog Network. This starts by ingraining a feeling that everybody's thoughts merit
considering in the working environment culture.
Team Diversity
Businesses can oversee strain by employing and holding staff who can work in groups
successfully. The association should guarantee that workers of assorted foundations, including
minorities, approach the dynamic instruments in their group and in the association.
Guaranteeing that all have contribution to the strategy heading of an association is significant
for overseeing variety related pressures.
Managing Team Conflicts
A manager should perceive whether innovative pressure is helping a group or keeping
cut off times from being met and influencing the group's accomplishment of results. Whenever
a chief becomes mindful of an issue isolating the gathering, it's ideal to plan an opportunity to
hear the complaints of gathering individuals. It's not OK for a supervisor to favor one side. An
administrator additionally should not permit representatives to move toward him independently
to look for help for their problems.
Focus on Issues, Not People
An effective method for overseeing imaginative contentions is to keep groups or even
various degrees of supervisors zeroed in on an issue and not on an individual or individuals for
their thoughts. Whenever individuals are so energetic about their perspective or plan that they by
and by assault others, they break working environment standards for amazing skill, and this
should be tended to by a prevalent.
Once firms are satisfied which they are tackling the appropriate performance objectives as
well as controlling risk of strategy, this is the time for turning towards execution imperative:
Spurring innovation. Moreover, this particular imperative is woven under the fabric off all
healthy firms as well as they all understands that firms which fails for innovation would
eventually removed. But for sustaining the continuous innovation into entities is notoriously
tough. Individuals fall in relaxing way of life, stick with what they understand and reject aspects
3

which cause them in changing its manner. For overcoming that inertia, they should push
individuals out of its comfort zones as well as spur them for innovation. They would facilitates a
techniques menu it may utilise for generating the innovative tensions for assuring that all is
thinking as well as performing such as winning rivals.
CONCLUSION
As per the above report, it has been concluded that strategic process is vital for organisation.
As Strategies of business aids in providing directions to overall firm as well as prevent their
individuals from losing sight of end objectives. Strategic process is related with formulating
decisions. Moreover, decisions are developed only after information from several sources that is
received. In addition to this, the particular information is received from both into entities and
from the atmosphere outside the firms. Strategic management process states as describing the
strategy of business. This is also described as the procedures through that managers forms a
choice of set of tactics for company which would allows them to attain effective performance.
Furthermore, creative tension as It states that team should perform a solutions after undertaking
diverse points of view. In Addition to this, it may assists group members in identifying the
effective solutions or may hold back the team from attaining the outcomes. Additionally, they
develops effective ideas and results. This tension causes concentration as well as in depth seated
wants for resolving the tension so catalysing top rated activities as well as more manufacturing.
They may feel the excitement sense and even anxiousness. Creative tension straddles the line
among directions as well as uncertainty. By maintaining few creative tensions level into groups
& firms develops an impetus for resolving those uncertainties.
4

REFERENCES
Books and Journal
Ansell C, Boin A. Taming deep uncertainty: The potential of pragmatist principles for
understanding and improving strategic crisis management. Administration & Society.
2019 Aug;51(7):1079-112.
Gitelman, L.D., Kozhevnikov, M.V. and Chebotareva, G.S., 2022. Strategic intelligence of an
organization amid uncertainty. Sustainable Energy Policies and Technology, p.101.
Guevara, E., Babonneau, F., Homem-de-Mello, T. and Moret, S., 2020. A machine learning and
distributionally robust optimization framework for strategic energy planning under
uncertainty. Applied Energy, 271, p.115005.
Haarhaus, T. and Liening, A., 2020. Building dynamic capabilities to cope with environmental
uncertainty: The role of strategic foresight. Technological Forecasting and Social
Change, 155, p.120033.
Kets, W. and Sandroni, A., 2021. A theory of strategic uncertainty and cultural diversity. The
Review of Economic Studies, 88(1), pp.287-333.
Oger, R., Lauras, M., Montreuil, B. and Benaben, F., 2020. A decision support system for
strategic supply chain capacity planning under uncertainty: conceptual framework and
experiment. Enterprise Information Systems, pp.1-45.
Rindova, V. and Courtney, H., 2020. To shape or adapt: Knowledge problems, epistemologies,
and strategic postures under Knightian uncertainty. Academy of Management
Review, 45(4), pp.787-807.
Velikorossov, V.V., Rechinskiy, A.V., Chernenkaya, L.V., Filin, S.A. and Chernenkii, A.V.,
2019, October. Digital Economy as a Tool for Reducing of Uncertainty in Strategic
Managerial Decisions. In Proceedings of the XI International Scientific Conference
Communicative Strategies of the Information Society (pp. 1-6).
5