Free

Strategy Formulation - Essay Example

Comments (0) Cite this document
Summary
This essay describes factors that might contribute to the assistant’s failure to take messages and to develop a strategy through first determine areas that can be changed.The scenario provides the fact that one’s assistant exhibits inability to take phone messages…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER97.4% of users find it useful
Strategy Formulation
Read TextPreview

Extract of sample "Strategy Formulation"

Strategy Formulation al Affiliation Strategy Formulation The scenario provides the fact that one’s assistant exhibits inability to take phone messages. The task is acknowledged as essential to enable taking track of sales leads. The current discourse hereby aims to present possible factors that might contribute to the assistant’s failure to take messages and to develop a strategy through first determine areas that can be changed. The factors that might contribute to the failure to take phone messages are as follows: (1) importance of noting phone messages were not appropriately understood (presentation and completeness); (2) heavy workload (channels); (3) inability to multi-task (prioritizing); and (4) communication barriers (medium and mode) (Root, 2015).
The areas that can be changed are as follows: (1) determining the scope of the assistant’s job. It could be that there are more important responsibilities that need to be urgently taken cared of and that taking phone messages were regarded as insignificant (unless explicitly communicated); (2) the location of the telephone might also be far from the assistant’s work place making it tedious to take messages, as such, putting the telephone near the assistant’s work place would help in taking the needed phone messages; (3) use of advanced technology could help (like using a headphone where the assistant could immediately talk to clients while doing other tasks); and (4) assigning other staff or personnel to take phone message, if and when possible.
The strategy would therefore really depend on the root causes of the assistant’s inability to take phone message. If it stems from structural causes, the strategy entails changing the location of the phone or applying advanced digital peripherals that would assist in multi-tasking. If the cause of the inability stems from personal traits (language barriers or inability to understand the importance of the task), the strategy could entail hiring another assistant who would be competent in doing the task. If this is not possible, the assistant could be trained to do the task, as required. Finally, if the cause of work overload, the task should be delegated to other staff who could be relied on to take phone messages, as needed.
References
Root, G. N. (2015). Factors of Effective Communication. Retrieved from Small Business Chron: http://smallbusiness.chron.com/factors-effective-communication-3183.html Read More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Strategy Formulation Essay Example | Topics and Well Written Essays - 250 words - 1”, n.d.)
Strategy Formulation Essay Example | Topics and Well Written Essays - 250 words - 1. Retrieved from https://studentshare.org/business/1701872-strategy-formulation
(Strategy Formulation Essay Example | Topics and Well Written Essays - 250 Words - 1)
Strategy Formulation Essay Example | Topics and Well Written Essays - 250 Words - 1. https://studentshare.org/business/1701872-strategy-formulation.
“Strategy Formulation Essay Example | Topics and Well Written Essays - 250 Words - 1”, n.d. https://studentshare.org/business/1701872-strategy-formulation.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF Strategy Formulation

StilSim Personnel Strategy Formulation

...? StilSim Personnel – Strategy Formulation Contents Contents 2 Current Industry Overview 3 Overview of the Company 3 SWOT Analysis 4 Strengths 4 Weakness 4 Opportunities 5 Threats 6 Strategies 6 Balanced Scorecard 7 BCG Matrix 8 Recommended Strategies 9 Strategic Objectives 10 Conclusions 10 References: 12 Current Industry Overview The global downturn of the year 2008, which was triggered by a financial crunch in the US has greatly impacted the mode of operating for major multinational companies as well as small and medium enterprises. Companies are increasingly moving towards a model, where there will be low overhead costs. The organizations are trying to go for a leaner...
9 Pages(2250 words)Essay

Strategy Formulation

...?StilSim Personnel - Strategy Formulation Naif Al-Hajri Assignment 3 - 2 BSAD 495 - H2FF Section H2FF Roger Kisiel Franklin University April 08, 2011 Strategy Formulation Introduction Strategy formulation follows strategy management, during which it will be decided upon which strategy and actions should be undertaken in order to achieve the set objectives within the organization thusly fulfilling the purpose of said organization. The preparation of strategy formulation lies in the external and internal analyses, which are needed along with documentation of the assignment,...
5 Pages(1250 words)Essay

Strategy Formulation United Way

...?Strategy formulation United way Table of Contents Strategy formulation United way Table of Contents 2 Introduction 3 Alternative Strategies 3 Macroeconomic Condition 3 Image of the Company 4 Aspects of Corporate Governance 4 Business Leadership 5 Competition from Other Organizations 5 Recognition of the Brand 5 References 6 Introduction United Ways is an American social service organization established in 1887 that acts as charitable organization for collecting money to be donated towards charitable purposes (United Ways-a, 2011). The aims of the organization include improvements in education, promotion of financial stability y and the general welfare of...
2 Pages(500 words)Essay

Strategy Formulation - NIKE

...quality. When the consumers’ confidence is affirmed, more profits are likely to be realized. Moreover, the company should sign Quality contract with the manufacturers to ensure that products that their products meet the expectations of consumers. Extra expenses results in reduced net profits that the company can make. Therefore, it is crucial that the company control its expenses by avoiding unnecessary expenses. Consolidation of United States sales is also beneficial for solid decision-making; thus, the company should consolidate its domestic outlets and enhance effective management of international sales and competitors. References Bamberger, P. A., & Meshoulam, I. (2000). Human resource strategy:...
5 Pages(1250 words)Research Paper

Strategy Formulation: Guajilote

...Strategy Formulation In less developed countries like Honduras, the organization of business, its functioning and perspectives differs greatly from those in developed countries. The historical development of the country and low economic culture has a significant influence on the business process in Honduras. The firm under analysis represents a cooperative form of business organization in the forest industry. It is an association of persons who joint together to carry on an economic activity of mutual benefit. The Guajilote Cooperativo Forestal was founded in 1991, as "a component of a USAID (United States Agency for International Development) project" (Case study). The company's activity is based on...
6 Pages(1500 words)Essay

Leadership in strategy formulation

...Putting Leadership Back into Strategy - By Cynthia A. Montgomery Summarise the arguments that Montgomery uses in her article to support these two statements As the headline itself suggest, the article is an effort to emphasise the crucial role of leadership in strategy formulation and implementation. It has been pointed out that 'strategy' as such has undergone a change over the years and in today's context the market forces play a key role in influencing strategy formulation. It has also been stated that, ".Strategy must be a dynamic tool for guiding the development of a company over time". This implies that strategist must be constantly on the watch regarding the process of implementation. In addition, in order to come out... into the...
3 Pages(750 words)Assignment

Strategy Formulation

...Strategy Formulation Question What is your impression of the world wide operation of Altria Altria is a worldwide corporation with internationalrecognition of its brands and hefty returns on its products. Banking on the opportunity provided by the early success of Philip Morris, Altria took a chance and explored the world by distributing its products worldwide due to the recessing US economy. Expansion into foreign markets proved successful for Altria and they added more countries to the list to distribute their products to. Some critics cite the reason for foreign expansion as to sell their controversial products where policies are not as strict as in the US. After the Master Settlement Agreement which...
6 Pages(1500 words)Essay

Strategy Formulation

...Strategy formulation Strategic management principles involve defining and setting realistic long term strategic goals for achievement. “Strategic or institutional management is the conduct of drafting, implementing and evaluating cross-functional decisions that will enable an organization to achieve its long-term objectives” (David, 1989). Thus it’s clear that strategic management is all about defining, setting and achieving long term objectives of the organization. In the process the business organization might fail in its efforts to successfully implement long term strategic initiatives though. In this respect effective use of communication techniques within and without the organization is...
2 Pages(500 words)Essay

Human Resource Strategy Formulation

...Strategy formulation process Gathering information Strategy formulation is a process of selecting the best activities in anorganization which will lead to the realization of goals and objectives thereby achieving the organizations goals. The process of strategy formulation is divided into various steps. Gathering information is the first step of the formulation process. When starting any business, it is paramount to gather enough information in relation to the business being started (Robert, 2004). The strategy formulation process involves a lot of information which must be managed and...
1 Pages(250 words)Research Paper

Marketing Strategy Formulation Assignment

...Marketing Strategy Formulation Assignment Introduction With the continuous advancement of technologies, robotic services have also gained much attention as a means to provide for the betterment of disabled people, such as in the case of robotic legs marketed by Parker Hannifin Corporation. Taking account of the articles published in The Wall Street Journal by Tita (2014), Parker Hannifin is reported to have introduced robotic legs for disabled people targeting the global communities. The device is called ‘Indego’, which can be used by people who are restricted to a wheelchair or having lower-body paralysis or spinal-cord injuries. It is intended to help the disable people to perform their daily...
3 Pages(750 words)Essay
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Essay on topic Strategy Formulation for FREE!

Contact Us