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Implementing Strategies - Essay Example

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Summary
Strategy formulation involves a critical look at a strategy idea to build an up an all round beneficial idea after careful weighing it various components of the strategy. Once a strategy has been identified there begins a process of progressing more detailed preparation and analysis of strategy plan which involves a number of steps.
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Implementing Strategies
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Download file to see previous pages Implementation mainly involves the activation oaf the strategy and how it will be operating and monitoring of the strategy
Organization or the corporate culture is values in terms of the beliefs, experiences and attitudes within an organisation. This involves the steps which are usually taken to achieve the goals in a firm, it more so includes the general guidelines and the steps taken by the members within an organization in reference to all the activities in the organization. It's the senior management which usually determine the corporate culture which further reflects the corporate goals and objectives which are transmitted to the workforce.
The identity of o corporate is the image of the firm which is reflected by the relationship of the firm within its self and the external environment which may include the customers, the government and the competitors.
Depending with the type of the organization culture existing in a firm, it may affect the implementation and formulation of strategies at different levels this is because in broad-spectrum corporate culture consists of control systems, paradigm, organizational structures, routines and rituals.
This is the first stage of strategy formulation, generally the idea is of the strategy is examined from the point of view of whether to go in for the detailed investment of the strategy or not. The organizational structure and identity can affect this process if it holds strategy is likely to affect its identity in the society or not if it's highly recognised. If the strategy is going to have a positive well being to the whole society, it's likely to be adopted. If the power structure in the firm is an democratic one, the strategy will be scrutinized by all the workers involved in the decision making and though is likely to take long period, a good decision is like to be arrived unlike when there is an autocrat form of leadership where by the decisions are made by specific people who can make erroneous decision about the feasibility analysis hence end up making a misguiding decision.
Techno-economic analysis
In this stage of strategy formulation, the estimation of the strategy demand potential and choice of optimal technology is made. The strategy may be a project to increase the production of goods and services, it's imperative to know the market for such goods and services produced. This gives the strategy a unique individuality and sets stage for detailed designed development. This stage of strategy formulation is evaluated at an economic point of view whether is going to have some long term positive residue to a firm. Depending with the goals of the firm and the myths of the corporate, a strategy may be opposed since its conflicting to the ...Download file to see next pagesRead More
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