StudentShare solutions
Triangle menu

Business Organisation and Policy - Essay Example

Not dowloaded yet

Extract of sample
Business Organisation and Policy

Strategic management has commonly been portrayed as revolving around the discrete phases of formulation, implementation, and control, carried out in almost cascading steps (Mintzberg, Ahlstrand and Lampel, 2008). These are three steps of the planned corporate approach to strategy involves a formal process to strategy formation: problem awareness, the development of solutions and the selection of a solution (Forbes and Fletcher, 2006). In the same context, Marlo (2006) denoted a planned corporate strategy comprising of a declaration of specific and expressed intentions, supported with formal controls.
Jauch and Osborn (2006) commented with his realization that towards a successful outcome of the strategy, a firm structure is necessary for an organization. Hence all decisions made from the top management can be carried out throughout the organization, with the "people" convinced and act in ways that are expected to create desirable results ad hoc to the plan. Therefore, strategy-making authority rests with top management, committing a centralized power in an organization. In view of the forward looking nature of a planned corporate strategy, Mazzolini (2008) observed that goals or objective fulfillments are the critical outcome of the strategy.
In a foresight, Snow and Hambrick (2007) notes that the planned co...
Harrison and Philips (2006) found out that a planned corporate strategy is often billed as a future oriented activity, merely projecting the recent past into the future. Through this process, it carries out operational planning, project planning and strategic planning constantly, making sure that top management holds the influence and control for the undertaking in the future.
The basic concept behind planned corporate strategy is just exactly what the name implies meaning that it is planned corporate therefore at best a guess/forecast which then is the basis for any type of decision making. Typically, organisations will "plan"/forecast variables that they foresee that will have an future impact on their business, so they anticipate certain events to occur in the future, and as a result of this anticipation they design and implement a strategy to effectively allocate the proper resources in place to either minimise or maximise respectively the negative or positive effects of the event. In essence, it allows an organization to "see the bigger picture" of the challenges and opportunities ahead of them. Any form of planned corporate strategy will contain some element of contingency planning, though not much, but these contingencies are not the focal point of planned corporate strategy. Opponents of this type of strategy believe that this strategy is at best a guess, which could be totally wrong. An example of such a strategy failing was the lack of business planners to adequately factor "terrorism issues" in their business planning, The business planners in the airline industry were hit the hardest during 9/11, as their planned corporate strategy had no contingency to ...Show more

Summary

This paper sets out to determine the importance of environmental factors on business strategy, fundamentally the differences between 3 forms of strategy, namely the planned corporate strategy, business planning and policy making and scenario planning and the implementation of policy development in regards to business planning within the strategies…
Author : msawayn
Business Organisation and Policy essay example
Read Text Preview
Save Your Time for More Important Things
Let us write or edit the essay on your topic
"Business Organisation and Policy"
with a personal 20% discount.
Grab the best paper

Related Essays

Business Organisation and policy report
In recent years mergers and acquisitions have been taking place as a strategic response to problems arising out of globalization. Consolidation is expected to provide a solution but half of all mergers end in disappointments. They fail to achieve the financial and strategic objectives.
10 pages (2500 words) Essay
Business Organisation and Policy
Irrespective of what industry a firm or business operates in, if it is on the same value chain of production, any merger or take-over would be termed as a conglomerate as this would be an example of diversification. For example, if an apparel manufacturer buys an electronic chip manufacturing firm, it would be diversifying its presence in the corporate world.
9 pages (2250 words) Essay
Business organisation and policy
................................... 3 2. The Case of Air France and KLM................................................................ 3 3. The Case of Daimler-Chrysler....................................................................... 5 4. Externally-Driven Situations Forcing Change.
9 pages (2250 words) Essay
Business Organisation & Policy Topshop
The name of the chosen high street outlet is Topshop which sells fashion apparels in the high street outlets in London. This sector is one of the major economic sectors in the country, with retail sales reaching upto 221 billion pounds and employing round 3 million people with total 3, 00,000 shops in UK alone.
7 pages (1750 words) Essay
Business organisation and policy
This is what is actually happening in the pharmaceutical industry, a sector well-known for its extreme reliance on applied research on diverse natural science disciplines (Koretz and Lee 1998). The industry in its present setting shows that competition has become
10 pages (2500 words) Essay
Business Organisation and Policy
Factors as political, economical, social, technological, environmental and legal were there to change the emotions around size. Transformation is still on. Political environment can change the emotions towards sizes. In a country, where the government
10 pages (2500 words) Essay
BUSINESS ORGANISATION AND POLICY
Additionally, growth has been experienced because of intensive marketing campaigns from the described grocers and changes to consumer buying behaviour. This report identifies how this sector has achieved such rapid
10 pages (2500 words) Essay
Business organisation and policy
The internal subcontracting is realized through the neighbour projects and are connected together in terms of deadlines or schedules. Subcontracting is also another way of outsourcing the internal activities such as manufacturing or supply chain management. Companies not
2 pages (500 words) Essay
Business organisation and policy cartels and monopolies
Policy cartels are classified according to the purposes for which they are formed. They are mostly classified as price determining, terms fixing, buying and output determining policy cartels.
2 pages (500 words) Essay
Business Organisation and policy
The report also includes a section covering scenario analysis of pharmaceutical industry with possible changes that might be experienced in the industry also being highlighted. The last section is dedicated to analysis of
8 pages (2000 words) Essay
Get a custom paper written
by a pro under your requirements!
Win a special DISCOUNT!
Put in your e-mail and click the button with your lucky finger
Your email
YOUR PRIZE:
Apply my DISCOUNT
Comments (0)
Rate this paper:
Thank you! Your comment has been sent and will be posted after moderation