Nobody downloaded yet

Strategic Choice - Essay Example

Comments (1) Cite this document
Summary
Organizational growth relates to the size of the organization with respect to the number of members or employees it has. It is a slow process which takes into account everyday happenings at the workplace. …
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER95.1% of users find it useful
Strategic Choice
Read TextPreview

Extract of sample
"Strategic Choice"

Download file to see previous pages Growth relates to each and every employee at the workplace. The development in the quality of existing employees’ skills and the quantity of skilled workers leads to overall organizational growth. The most precious asset that a company may cherish is its employees and it needs to be seriously concerned with all issues that may dissatisfy, frustrate or depress them. Without happy employees, no strategy is going to work and no progress will be seen in the long run. This paper discusses what alternative my organization (Human-Care.org) must consider to realize growth and what strategy or combination of generic and grand strategies it must implement in order to improve its organizational growth.
Alternative Strategies Leading to Organizational Growth
Human-Care.org pursues its organizational growth, growth stages and the directions in which the company is going in a variety of ways. Yet, it is undergoing some troubles regarding guiding itself and its labor through periods of growth. It is having problems with maintaining control over resources and workforce. There are many recommendations and alternatives that it needs to consider to chase the course of its growth at every stage. Some of these strategies are discussed below:
1. New Markets and Target Consumers
...
2. New Services The organization should also try to offer new services to the consumers apart from simply recording and filing their complaints. When it will expand its offers to the clients, it will automatically attract more clientele and build its repertoire in the market and among the competitors. Implementation of new products and services is recognized as a significant way leading to organizational growth. 3. Looking for External Financial Resources We are focusing significantly on increasing the finances because we know that the organization will need funds to support its expansion in terms of employees and resources. A productive way to increase this funding is to look for external financial resources which may be in the form of monitory support from investors, partnerships, banks, and other government and private companies that may want to acquire the organization and fund it. This funding will help the company in designing and implementing such generic and grand strategies that ensure its growth. Growth Strategies for my Organization A strategy means a plan that guides an organization through a process or from one state to another. A growth strategy is the plan that the organization uses to broaden the scope of its business by expanding its consumer group. The objective of such a strategy is to improve the organizational growth while balancing the resources at the same time. Although there are many kinds of growth strategies that firms use like merger, joint venture, acquisition, and strategic alliance, I would recommend that Human-Care.org must use the joint venture and strategic alliance strategies to enhance its organizational growth. ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Strategic Choice Essay Example | Topics and Well Written Essays - 1000 words”, n.d.)
Retrieved de https://studentshare.org/management/1391085-strategic-choice
(Strategic Choice Essay Example | Topics and Well Written Essays - 1000 Words)
https://studentshare.org/management/1391085-strategic-choice.
“Strategic Choice Essay Example | Topics and Well Written Essays - 1000 Words”, n.d. https://studentshare.org/management/1391085-strategic-choice.
  • Cited: 0 times
Comments (1)
Click to create a comment or rate a document
mu
muhammadconn added comment 3 months ago
Student rated this paper as
The topic of "Strategic Choice" was hard to find. I spent ages to find it. Here at StudentShare, I got the most decent example. Many thanks!
CHECK THESE SAMPLES - THEY ALSO FIT YOUR TOPIC
Strategic Choice and Evaluation Paper: Barnes and Nobles
...? Strategic Choice and Evaluation Paper: Barnes and Nobles Connie Johnson July 10, of Phoenix Barnes and Nobles is a great company that has enjoyed tremendous success in the book industry. The firm as of 2010 was the market leader in the industry with over $7 billion in revenues in an industry that generates approximately $24 billion in revenues each year. Despite the success of the company the firm has to realize that the book industry is in decline. In 2009 book sales went down 1.9% and during the last few years a lot of book stores have gone out of business including the popular book selling chain Borders. Barnes and Nobles has a lot of good things going for the company including a variety of over 2 billion...
6 Pages(1500 words)Essay
Strategic Choice and Evaluation Paper
...only chicken related items in the menu is detrimental for the business. The customers of today more than ever want choices in everything. Young adults and children are picky eaters and sometimes crave just more than chicken nuggets and fries on a regular basis. Nonetheless, the company should try to expand to serve more than just chicken. A key analyst of the industry, Darren Tristano observes this dilemma as he states, "There's an expectation to serve a very traditional product, but to add newer, bolder, spicier flavors,"[1]. Another issue that affects the corporation negatively is the fierce competition to keep the low prices. Most chains such as Burger King and McDonalds are able to offer their menu items at a very low price...
5 Pages(1250 words)Essay
Strategic Choice and Evaluation
...?  Strategic Choice and Evaluation                Strategic Choice and Evaluation Differentiating an organization from its competitors is a major issue for any organization. Strategic evaluation offers the initial point in the process of strategic management employed by an organization to assess and select the best organizational strategies that will separate the organization from its competitors in the sector. Leading organizations should select among a number of strategies to direct the activities of the organization, specifically when they are attempting to realize growth. In addition, an organization should contrast different strategies and...
3 Pages(750 words)Essay
Strategic Choice and Evaluation - Apple
...? Strategic Choice and Evaluation – Apple of the of Introduction All business firms seek competitive advantage over their competitors. Competitive advantage can basically be of two types: low cost and differentiation (IFM, n.d.). When these competitive advantages are combined with competitive scopes, the three generic strategies are developed (Porter, 2008). These strategies are cost leadership, differentiation, and focus. The focus strategy can be classified into two sub categories, namely, “cost focus and differentiation focus” (IFM, n.d.). These strategies are adopted by the firm to achieve better performance help the firm to deliver a better than average performance. Cost leadership A business firm following...
5 Pages(1250 words)Essay
Strategic Analysis and Choice Invastigation
...Strategic Analysis and choice: Coca Cola Company Introduction Many organizations today encounter conflicting approaches while attempting to shape their business. To attain compliance with the industry norms, organizations should do analysis and make the best choices for the development of their business. Strategic analysis and choice are important components of the implementation process of strategic management plan. Strategic analysis is the examination of the present condition of a business and its strategic plans. Strategic choice is the selection of an appropriate strategy of...
11 Pages(2750 words)Essay
Strategic Choice and Evaluation Paper for Garmin Company
...Strategic Choice and Evaluation Paper for Garmin Company Best Grand Strategy for Garmin Company Grand strategies provide a broader and long term action plan to companies. Doesn’t matter what the sub-strategies of the company are, in essence, every company works in accordance with its grand strategies. For Garmin Company, out of all the 15 grand strategies, a mix of two major grand strategies have been selected (Pearce, 2011). They are: Product development, and Innovation From fitness products to portable automotive products, from aviation products to mobile and radio services, Garmin Company manufactures all the products which an electronic product making company should manufacture. Despite of that, the company...
1 Pages(250 words)Essay
Strategic Choice and Evaluation Paper
...Hawaiian Airlines: Grand Strategy                 Hawaiian Airlines: Grand Strategy In Order to achieve the aim of reducing the airlines debt by 25% as well as achieving growth in a span of 5 years, a grand strategy that incorporates all the various sectors of the plan together will need to be developed (Debraj, 2008). This is to ensure that everything comes together in the long run and assists in maintaining the focus of the organization on the main objectives that they wish to achieve (Galor, 2005). The grand strategy can be described as the main plan that incorporates all the sub motives of the organization that are put in play so as to achieve the main objective. The most suitable grand strategy for Hawaiian Airlines in this case... Airlines: Grand ...
2 Pages(500 words)Essay
Strategic Choice and Evaluation (synopsis)
...Week 4 Learning Team D Peer Evaluation STR581 February 23, Peer Evaluation Learning Team D conducted an analysis of their companies to determine the strategic choice for each company. Finding the best value discipline, generic strategy, and grand strategy for each organization will provide a complete combination of changes that can make these companies successful in the future. The goal for the individual organizations is to find the best strategies to meet the objectives of the firms, while ensuring each of the individual companies succeed. Conducting a SWOT analysis allows the strategic manager to determine the strengths, weaknesses, opportunities, and threats of the firm. Management can determine the direction the firm needs to head... for...
1 Pages(250 words)Essay
Strategic Choice and Evaluation
...Strategic Choice and Evaluation Strategic Choice and Evaluation Introduction Wal-Mart is a retail establishment that operates around 8,500 stores in 15 countries across the globe. In order for it to achieve long term growth, it needs to choose an effective strategic direction. The grocery retailing store industry is highly competitive and is subject to the purchasing habits of the consumers. Therefore, the firm needs to analyze the current trends and strategies carefully in order to develop strategic choices that are valuable to the shareholders. In that case, a value discipline ought to be selected, which will help in setting the...
4 Pages(1000 words)Essay
Strategic Choice and Evaluation
5 Pages(1250 words)Research Proposal
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 Strategic Choice for FREE!
logo footer
Contact us:
+16312120006
Contact Us Now
FREE Mobile Apps:
  • StudentShare App Store
  • StudentShare Google play
  • About StudentShare
  • Testimonials
  • FAQ
  • Blog
  • Free Essays
  • New Essays
  • Essays
  • Miscellaneous
  • The Newest Essay Topics
  • Index samples by all dates
Join us:
Contact Us