Nobody downloaded yet

Business Strategy College - Essay Example

Comments (0) Cite this document
Strategic management is the process by which an organization formulates its objectives and manages to achieve them. Strategy is the means to achieve the organizational ends. A strategy is a role to the destination Viz., "Objectives of the firm". Picking a destination means choosing an objective…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER96.8% of users find it useful
Business Strategy College Essay
Read TextPreview

Extract of sample "Business Strategy College"

Download file to see previous pages Effective organizations are tied by means-ends chains into a purposeful whole. The strategies to achieve corporate goals at higher levels often provide strategies for managers at lower levels. So Strategic management is a stream of decisions and actions, which lead to the development of an effective strategy or strategies to help achieve corporate objectives. Strategic management is concerned with deciding on the strategy and how the strategy is to be put in to effect. Strategic management allows an enterprise or an organization to base its decision on long-range forecasts. It also allows the firms to take action at an early stage of a new trend and consider the lead-time for effective management. A sound strategic management process helps to ensure that all organizational parts are working to towards the same objective and purpose. Strategic management will never be a cure-all especially for the incompetent management; it can go a long way in improving an organizations long-term performance. Now looking at the importance of strategic management and its relevancy in the present circumstances, the subject strategic management itself is in the midst of an evolutionary process. In the course of its development, several strands of thinking are emerging which are gradually leading to a convergence of views. We now have a wealth of insights into the complexities of strategic behavior- the observable characteristics of the manner in which an organization performs decision-making and planning functions with regard to the issues that are of strategic importance to its survival, growth and profitability. Several persons, among whom are the doyens in the field of strategy, have contributed to the formulation of these perspectives. Indeed the Mintzberg and his associates, from whose writings these perspectives have been adopted here, call them the 10 schools of thoughts on strategic formation (Mintzberg, H., Ahlstrand, B. and Lampel, J., 1998).
The above-mentioned 10 schools of thought can be classified under three categories as follows:
The Perspective schools: This school contains 3-schools and they are (a) Design school where strategic formation is a process of conception. (b) Planning school where strategic formation is a formal process (c) Positioning school where strategic formation is an analytical process.
(a) The design school, which perceives strategy formation as a process of conception, developed mainly in late 1950 and 60's. The main contributors to the design school are Selznick (1957) and Andrews (1965). Under this school strategy is seen as something unique, which is in the form of a planned perspective. The CEO as the main architect guides the process of strategy formation.
The process of strategy formation is simple and informal and based on judgement and thinking. In this school strategic management has been treated as process of accomplishing match between internal capabilities and external possibilities i.e. (SWOT) of an organization. Senior management is supposed to formulate simple and clear-cut strategies (Prigogine 1984, Kemp and Ashish, 2005). But this system have some shortcomings i.e. this system is not analytical or intuitive. In the time of rapid changes, this system is comparatively more static.
b) The planning school that perceives strategy formation as a formal process, developed during 1960's. The main contributor to the planning school is Ansoff (1965). Under thi ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
(“Business Strategy College Essay Example | Topics and Well Written Essays - 2250 words”, n.d.)
Business Strategy College Essay Example | Topics and Well Written Essays - 2250 words. Retrieved from
(Business Strategy College Essay Example | Topics and Well Written Essays - 2250 Words)
Business Strategy College Essay Example | Topics and Well Written Essays - 2250 Words.
“Business Strategy College Essay Example | Topics and Well Written Essays - 2250 Words”, n.d.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF Business Strategy College Essay

Business Strategy

...?Business Strategy Table of Contents Table of Contents 2 Introduction 3 Recommendation as a subcontractor or main contractor 3 Recommendation to the subcontractor to become a main contractor 4 Supply to the company on credit or not 5 Possible solutions to the problems being faced 6 Conclusion 6 Bibliography 7 Introduction A contractor usually provides services to client or clients. This is usually at a given agreed upon fee, usually payable at the end of the sated period or upon the completion of the task. The duration is usually stated under the contract services. The contract is legally binding. On the other hand a subcontractor is the contractor appointed by the main contractor to carry out the...
6 Pages(1500 words)Essay

Is pricing promotion the most efficient online shopping market strategy to attract Chinese college students

...disadvantage. It does not have enough qualitative data support, the questionnaire may be one-sided and has some limitation. In the light of this idea, the case study strategy is introduced into this research. It is a method for doing research which involves a realistic study of a specific situation in its process of running business by using different kinds of evidence (Balnaves, & Caputi, 2001). The case study method will provide a good understanding of the paper and the questions can be more connected to the survey strategy. This can be used to obtain more professional information from the Chinese college students to find out the right market strategy...
45 Pages(11250 words)Essay

Business strategy

...? <Business Strategy> and Section # of APPLE INC. Apple Inc., formerly known as Apple Computers, manufactures world’s most innovative consumer electronics, computer hardware and software and commercial servers. Apple is recognized in the electronics industry for its innovative appealing designs and unique marketing campaigns. It has a strong and loyal customer base which trusts Apple’s products beyond measure. Fortune magazine ranked Apple as the world’s most admired company in 2008, 2009 and 2010. It was established in April 1976 by Steve Jobs, Ronald Wayne and Steve Wozniak. The company was previously known as Apple Computers for 30 years and in 2007, it was renamed as Apple Inc. to reflect the intended expansion of Apple in the field... reach out to the...
8 Pages(2000 words)Essay

Business Strategy: ABCD Case

...? Business Strategy ABCD Case ABCD is a privately owned adult education college based in the United Kingdom. This has operated as adult education provider for the last ten years, and it currently has a total number of fifty employees both working as full-time and part-time employees. Its teaching staff is composed of highly qualified and experienced individuals. This has enabled the college to provide a number of courses to local and international adult students. The institution’s Board of Directors in their last meeting agreed that the college will expand its branches in India, where it will offer Business Studies, Health and Social...
4 Pages(1000 words)Essay

Business strategy

... of service centres across the country. In addition, it also ensures availability of spare parts. References Botten, N., 2007. CIMA official learning system management accounting business strategy. Burlington: Butterworth-Heinemann. CIA, 2013. East & Southeast Asia: Japan. [online] Available at: [Accessed 21 March 2013]. Cubbage, C. and Brooks, D. J., 2012. Corporate security in the Asia-pacific region: crisis, crime, fraud, and misconduct. Florida: CRC Press. Graham, T., 2008. CIMA official exam practice kit management accounting business strategy: 2008 edition. Oxford: Elsevier. Hansen, D. R., Mowen, M. M. and Guan, L., 2009. Cost management: Accounting & control. 6th ed... . Connecticut: Cengage Learning. Smith, B. and Raspin, P., 2011....
4 Pages(1000 words)Essay

Business strategy

...……………………………………………………………………………. 11 Introduction The business world has become increasingly competitive over the past few years and has necessitated that proper strategies be put in place to govern and define it. Various companies such as Apple Inc. have been involved in enacting strategies aimed at helping their company gain a competitive edge. A few of these specialized strategies Some of these strategies involve engaging in activities that make a company more able to derive a greater degree of revenue while at the same time reducing the costs of operation. For instance, Apple Inc. has decided to take advantage of the high demand of smart TVs within the...
8 Pages(2000 words)Essay

Global Strategy College Essay

... in MNCs' international staffing policies: A conceptual framework.' Journal of Business Ethics, 25(3), 221-235. Holland, S.S. (1976) Exchange of people among international companies: Problems and benefits.' Annals of the American Academy of Political and Social Science, 424, 52-66. Feinberg, S.E. and Majumdar, S.K. (2001) Technology spillovers from foreign direct investment in the Indian pharmaceutical industry.' Journal of International Business Studies, 32(3), 421-437.... review of Pfizer's website evidences the extent to which Pfizer emphasizes its identity as a global corporate entity, not as a transnational or multinational but as a company whose declared affiliation is global, not national. Its trademark slogans, "working for...
2 Pages(500 words)Essay

Marketing Strategy College Essay

...EJ's Innovation and More - Marketing Strategy Target Market In order for a business to grow and achieve market leadership, it must create a strong market orientation. The company must seek to understand the customer needs and develop its marketing strategies in response to those needs. The strategies should aim at attracting, satisfying and retaining target customers. (Best, 1997) EJ's Innovation and More plans to enter into the high-technology market by introducing desktops and laptop computers. The products are integrated with the company's core competencies and signature features in voice recognition, touch screen, multiple languages and translation capabilities. These products will be marketed with unique capabilities... the...
5 Pages(1250 words)Essay

Business strategy

...Q1. In 2003, although Entropy International is making a loss, the business environment is changing in ways that might change s’ perceptionsof the value of Entropy’s services. Assess the suitability of this strategy to meet these changing expectations and achieve sustained profitability? Entropy International’s Current Strategy Founded in 1996, Entropy International was a pioneer in the field of Environmental and information management. It was the first company to provide a web-based portal for compliance, performance, information and risk management. Its seamless integration of these components in one software program was instrumental in facilitating a rapidly expanding enterprise with...
10 Pages(2500 words)Essay

Business Strategy

...Business Strategy – Primark Table of Contents Introduction 3 Company Overview 4 Mission, Objectives and Values (Task I) 5 Environmental and Organisation Audit (Task II) 7 PEST Analysis 7 Five Forces Factor Model 8 Value Chain and Capability Analysis 10 The Future (Task III) 11 Conclusion 12 References 13 Bibliography 14 Introduction In the present world of today, the only constant thing is assumed to be the word ‘change’ itself. With significant developments in the arena of information technology and communication process, the tricks of the trade in almost all sectors of business are fast changing. The influence of globalisation also has enormous effect on the businesses all across the globe. With few click of the computer mouse... , the...
8 Pages(2000 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 Business Strategy College Essay for FREE!

Contact Us