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Strategic managment report - Essay Example

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Running Head: Strategic Management Report Strategic Management Report [Name of the Writer] [Name of the Institution] Strategic Management Report The 21st century has witnessed growing prosperity, innovation and advancements in the business organizations and its processes…
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Download file to see previous pages This paper will discuss the relevance of the organizational paradigms to the implementation of strategic management processes. Organizational Paradigms It is essential for the modern day organizations to take into account the understanding and interpretation of the concept of organizational paradigm. The word 'paradigm' pertains to the description of distinct thought patterns or concepts being applied. It refers to the exemplar or the pattern of any structure or object, which distinguishes the particular object from other objects. Through this term, it is understood that the term 'organizational paradigm' refers to the arrangement of the organizational structure and activities into such patterns that make it stand out from the other similar companies in the corporate world. All the paradigms of an organization are alive and possess their own weaknesses and strengths. Some of the traditional organization paradigms include circle, hierarchy, bureaucracy, and network paradigms (Hailin, 2009). All these paradigms involve various ways in which tasks are performed and people coordinate in the organizations. However, nowadays, these conventional paradigms have experienced a shift and are moving towards the integration of all these conventional paradigms in an organization. ...
The conventional organizations focused on their internal functions, while after experiencing the paradigm shifts, the organizations are now more focused on the competitive environments around them. They now create potential markets for the future instead of concentrating merely on the current market competition. Organizational Paradigm and Strategic Management Process From the time period of 1960s and to date, the corporate environment has altered and been modified to a large extent. Various driving forces such as increasing innovation in telecommunications, enhancing employee diversity, boosted public consciousness and globalization have made the organizations more socially responsible. Thus, they have adopted a ‘new paradigm’ whereby they are more flexible, sensitive, and adaptable to the expectations and demands of stakeholders. Therefore, in order to integrate the new shifts into their business processes and activities, the organizations have blended the paradigm shifts into their strategic management process (Hailin, 2009). The business organizations that are strategically managed tend to analyse the significant initiatives which are adopted by the top management and which involve the performance and resources in the external business environments. The entire process of strategic management entails formulating and implementing a mission, vision, objectives, the development of plans and policies, resource allocations and programs and projects in the organization. Unlike the conventional planning processes, the contemporary organizations now plan and develop their mission, vision and objectives keeping in view the application of information technology resources, analysis of the external and internal corporate ...Download file to see next pagesRead More
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