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Strategy - Essay Example

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In the current changing business environment, all basic strategy issues have been redefined as issues concerning implementation. In the current world, strategizing is majorly concerned with the link…
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Strategy
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Download file to see previous pages the people at the project level may not be well informed about the strategy of the business in detailed except in just a general manner. Those in top management may be unwilling to share the picture out of fear of commercial sensitivity (particularly of the future direction). Strategic planning is a vital tool within an organization and should be embraced within any level of management (Barry J. Witcher, 2010). A good organizational planning process is that which brings the organization together. It the process where clear vision of the organization is articulated and also the direction in which it intends to go. A strategic organization makes deliberate actions towards the future direction by coming up with ways to measure and benchmark the progress.
Several organizations are faced with the challenges of adopting to changing business environment. The conventional view is that for firms to acquire competitive advantage, core competencies, it has to strategically allocate resources so as to be adoptive in the rapid changing environment. As a result, organizations should streamline their efforts and carry out extensive planning and analysis in selecting markets and products which to engage. The evolutionary, or ecology of population, perspective suggests the degree of organizational change is very high that adaptation is almost impossible; instead organizations grow to adopt into an environment through natural selection. At the other end are those who are of the opinion that the contemporary changes in environment are so high and unanticipated that planning becomes difficult, somewhat, organizations have to be adoptable and nimble. Critically, the metaphor that organizations as entities trying to adopt to their changing environment expresses a sense naturalness and inevitability that covers the discretion and internal conflicts of ...Download file to see next pagesRead More
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