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 PAPER94.7% 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 6 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 OF Strategic Choice

Strategic Choice and Evaluation

...?Strategic Choice and Evaluation Even if the establishment of the daycare facility is done in the most systematic manner and the planning stage is faultless, there is still the possibility of it encountering certain unforeseen problems. The analysis of the external and internal environments may be accurate during the time when the daycare facility is still on paper. This is because this may be solidly based on real conditions at the time. However, such conditions may change during the implementation of the plan or when the facility is already in operation. With a well-founded strategic choice though, the demand for necessary adjustments could be made immediately with due...
5 Pages(1250 words)Research Proposal

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 settle on the most appropriate strategy that will go hand in hand with the objectives... to...
3 Pages(750 words)Essay

Strategic Choice and Evaluation

...?Strategic Management & Evaluation of Table of Contents Overview of Davivienda Bank 3 Alternative Growth Strategies & its Significance for Davivienda Bank 4 Grand Strategy 5 Generic Strategy 7 Best Value Discipline Approach 8 Recommendations of Strategies for the Improvement in Davivienda 8 Conclusion 9 References 10 Introduction Business growth can be referred as the increase in the business capacity, sales volume annually, production capacity, employment and various other business opportunities. The increase in business opportunities can not only be applicable to the existing organizations, but also to the novice companies. Factors that is instrumental for growth in the organization has a direct impact on the economy...
6 Pages(1500 words)Assignment

Strategic Choice and Analysis

...Running head: STRATEGY Strategic Choice and Analysis ___________ ________________________ ________________ Strategic Choice and Analysis Introduction This paper has the primary objective to look at the process of strategic choice and analysis with in organizations in relation to its competition. Organizations strategize vis a' vis competition in order to gain market power and share with the final objective of earning higher profits. We define various kinds of strategies with particular focus on cost leadership strategy and differentiation strategy. Basing on real life example of two competing companies within airline travel industry we try to locate evidence if any of these companies can simultaneously follow both cost leadership... and...
14 Pages(3500 words)Assignment

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... Airlines: Grand...
2 Pages(500 words)Essay

Strategic Choice and Evaluation

...Strategic Choice and Evaluation of Strategic Choice and Evaluation An organization can only achieve growth when the execution processes are well established and designed in a way that will help the implementation of strategies. Maintaining such execution process requires the flow of processes throughout the organization, identifying the indicators that are related to the performance of strategies and providing leadership skills to all the departments. The strategies must be backed by the analysis of the probability that the strategy will help to the success of the organization. The establishment of the core business, segmenting the customers and identifying the target...
3 Pages(750 words)Research Paper

Strategic Choice and Evaluation

...All organization across the world develops strategic plans. They tactfully come up with the organization’s vision, mission, mandate and strategies that will help the organization meet the vision as well as the goals and objectives. Due to lack of strategic plan, many of these organizations end up in failure and that they cannot deliver the expected strategic results. In other cases, top management cannot even pinpoint the major reasons for such dilemma thus this research proposal paper helps bring out strategies that if undertaken will bring success to the organization. Execution of these plans by Merifashion could bring better results (Roberts, 2004). The senior management of Merifashion must pay close attention not only to its... ...
5 Pages(1250 words)Research Paper

Strategic Choice and Evaluation (Walmart)

...Strategic Choice and Evaluation (Wal-Mart) Strategic Choice and Evaluation (Walmart) Introduction Growth in business is something for which many organizations whether small or large, strive to attain. While small organizations want to get big, large organizations want to get even bigger. Most organizations seek to grow in order to accommodate their increased expenses, which are likely to develop over the years. On the other hand, inflation also raises the total costs of everything hence making retaliatory prices to increase. The cost of benefits is likely to rise due to their very structure (Tovstiga, 2013). Therefore, profit improvement and cost eliminations must be...
5 Pages(1250 words)Admission/Application Essay

Strategic Choice in HRM

...Strategic Choices in HRM Table of contents 0 Introduction..............................................................................................................3 2.0 Different measures of analysis and practical evidence...................................3 2.1 Redeployment ....................................................................................3 2.2 Secondment..........................................................................................4 2.3 Flexible working...................................................................................5 2.4 Comparisson... ...
10 Pages(2500 words)Case Study

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...
4 Pages(1000 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 Strategic Choice for FREE!

Contact Us