Business Organisation and Policy

Masters
Essay
Business
Pages 10 (2510 words)
Download 0
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…

Introduction


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 ...
Download paper
Not exactly what you need?

Related papers

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 (Karitzki and Brink, 2003). Consolidation is expected to provide a solution but half of all mergers end in disappointments. They fail to achieve the financial and strategic objectives. A study by Harvard Business Review finds that companies spend over $2 trillion in…
Business Organisation and Policy
Moreover, if any firm buys or merges with any other firm which is at a different level of the value chain and the chain of production, it will be called vertical integration. There are two types of vertical integration namely: Backward vertical integration and forward vertical integration. Backward integration occurs when a firm merges with or takes over firms at an earlier level of the chain of…
Businees organisation and policy
Furthermore, Board members believe that acquisitions or mergers will have long-run benefits for improving innovation or expanding product line to ensure higher revenues and thereby make the company more attractive to investors through bond issuance or stock purchasing. Despite this rationale, there are several different factors that lead to failures in merger and acquisition failures: cultural…
Business Organisation
Currently, it is making a strong presence in the United States and other parts of Europe (Ted Baker Plc 2006). Its 2006 annual report states that the company has 102 retail outlets comprised of 19 UK stores, 7 overseas stores, 68 concessions, and 8 outlet stores.…
Learning Organisation
In addition to other initiatives, each employee was given '100 towards any (approved) learning of their own choice - inside or outside the organization. Such learning could incorporate ballroom dancing, driving lessons, flower arranging or whatever. This was viewed as being proof of commitment but also as a means of generating "the learning habit". All learning is registered (on a central…
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…
Business Policy Concepts
A good corporate strategy should integrate an organization's goals, policies, and action sequences (tactics) into a cohesive whole. The success of Japanese companies revealed implementation policies which appeared to be unique but have now been shown to be valid in many business environments, for example management by walking around (MBWA) proved to be a successful technique for Honda. Senior…