The Business Policy by Sekhar Satya - Book Report/Review Example

 The Business Policy by Sekhar Satya Introduction The Business Policy book by Sekhar Satya is a book that inspires the audience, especially in major firms and organizations, to have a hand in strategy management and policy making. It is through this book that many individuals in the business field are shown the crucial nature of being part of the construction of organizational policies and strategies. Strategy, in today’s competitive market, is highly likely to aid in the process of being at the top of the business world (Sekhar, 2009). It is simply not enough to hire the best business minds, fresh from business schools that might give an organization an edge. It is about innovativeness and creativity that makes it through today’s business world. Some of the concepts used by businesses are introduced in the book. Key points of the book In the book, the author agrees that a number of organizations have adopted a strategic management system. This system allows managers and employees alike to be involved, either directly or indirectly, with the running of the organization’s strategy implementation. It is written to bring out the theoretical layout of strategy management that allows the growth of the organization, as well as everyone in it. In the book, the author created the perfect environment for the audience to comprehend the nature of business policy making (Sekhar, 2009). This is by explaining its definition from diverse professionals in the business field. One of the main themes of the book is the delicate nature of protecting strategies from exploitation. Anyone can come up with a strategy. The only problem with this might be the ability of the strategy to benefit the organization, or part of it. The book addresses such a problem and how one might resolve it before the process is jeopardised. The purpose of management in an organization is to come up with strategies and plans that may assist the organization grow and develop. Policies may not be clearly outlined in the organization, but they may offer individuals the ground from which to build their business foundation (Sekhar, 2009). In this book, Sekhar indicates that the only way a suitable strategy may come into play is if everyone is involved in the process. Looking at what is happening in today’s business world, it is easy to see what the author meant. Managers are now looking to their staff to come up with ideas that may assist them grow and perform better. Through policy making and implementation, all the areas of an organization operate under the same guidelines and rules. This is another key point the author put across, which assists folks in organizations to work together (Sekhar, 2009). This is to come up with policies that are out to benefit them, and at the same time, propel their organization to greater heights. Content and relevance Purpose and audience The purpose of the book is to give the audience an insight into the urgent need of policy making and strategic management. The audience are most likely members of organizations who need to comprehend the changing business world, and the dynamic nature of the global market (Sekhar, 2009). The book provides the appropriate methodology as to what is needed to make it to the top. The author challenges management into making choices based on their positions, and why there is need to involve employees in the process. It is a primary source based on research in the economic and business world. Authority The author is an assistant professor at GITAM University in India, and is a member of the journal of accounting and financial management editorial board. In this position, the author is placed to advocate for the review of journals of research, which aid in schools and researchers across the globe (Sekhar, 2009). The author is responsible for initiating a program in India that allows students to conduct research. There are three books published in the author’s name, under diverse publishing houses. The book’s sponsoring agency was a company in the United Kingdom. The book may not yet be cited in other works, but with time, it is likely to grab the attention of other economists around the globe. Accuracy and reliability The book has a reference that allows the reader to clarify any information the author provides. It is a strategy that offers an audience time to verify if the information provided is correct, and suitable. The author gives examples of the past and present. That needs to have some of the works and research written by well-renowned authors (Sekhar, 2009). It is through the research conducted that the author’s experience and knowledge is seen. The audience is given an insight into the author’s coverage of the field. Any individual interested can comprehend where the author is acquiring the information, and relate to it. The book does offer credible and concise information for members of organizations on how to handle day to day operations. Objectivity The information in the book is based on the author’s experience. It is, therefore, a matter of opinion. It is objective in the manner in which it looks at the business world, and all that relates to it. It is appropriate because; individuals want to look at information that is unbiased, so as to form judgement on the issues they are facing (Sekhar, 2009). It is appropriate because, a number of books and articles have also been written concerning the topics in the book. It is like a summary into the business world, and what it may take to make it to the top. Currency The author relayed ideas in the book that are relevant in today’s business world, and the past. It is clear to see what the author is saying in the book taking precedence in the workplace, so as to alleviate the pressure from management (Sekhar, 2009). This is when it comes to making and implementing strategies in the organization. In the book, the author pointed out what was clearly missing in some of the major organizations that were failing in policy implementation. Coverage The book goes into detail on how to salvage an organization through the policies that are implemented. Individuals are capable of identifying what their organizations need to do, for them to be among the top players in the business world. It covers a wide area of organizational improvement, which many may consider the bulk of the task of business policy implementation (Sekhar, 2009). Some of the omissions are identified and the reasons given for such omission. The book contributes significantly to the business field and discipline, because; many students and researchers are inclined to follow in the author’s footsteps. This should be the aim of every book written about any discipline present in the world. Applicability in my profession The author brings out the important nature of the spirit of working together to obtain common objectives (Sekhar, 2009). It is this point that makes the book an intriguing piece as the business world is told of how to relate in terms of conducting business. When individuals get to comprehend the basics of getting involved in the dynamics of creating and implementing policies in their organizations, they are likely to perform better. This is with the thought in mind that they are valuable to their organization, to the extent of being given a chance to say what they desire. The policies introduced in the book can be relayed to any organization, whether big or small. All of them aim at ensuring organizations are better placed to handle their business, while at the same time, creating a business environment that is free and fair. Conclusion It is imperative to note the effort put in by the author. Sekhar ensured that the book could provide information to all organizations seeking to have a better hand in conducting business. The concept of having more people involved in the governing process is captivating as individuals can agree on what best suits them. I would, therefore, recommend this book for its simplicity, its awareness, and its credibility. It is a must read for anyone who wants to comprehend the dynamics behind the formulation of business policies, and strategic management. References Sekhar, S. G. V. (2009). Business policy and strategic management. United Kingdom: I.K. International Publishing. Van Fleet, D. D., Peterson, O. T., & Griffin, R. W. (1994). Contemporary management. New York: Macmillan Publishers. Read More