The Aim of Business Policy and Strategy - Essay Example

Business Policy and Strategy The growth and development of business to occur, it has to incorporate effective planning techniques. Business policy is hence the study of functions of company management, the problems affecting the comp-any and all the decisions making processes that affect the directions of the company to shape its future. Companies operating, for instance, in the transport sector ought to offer quality services the citizens of this country. Such sectors of economic development are however experiencing many challenges of fluctuations and unreliability.

Therefore, any company’s mission ought to make transport of goods and services cheaper and reliable to the common person. For a company to offer quality services, it ought to lay down framework that is going to make the company more proactive in decisions making and ensure good bright future of the firm. The company strategic vision is to offer exemplary high quality transport services at affordable prices. For an enterprise to be functional, it ought to develop ways that are going to ensure that it is guaranteed to win the competition in services delivery.

Enterprises have to develop mechanisms that are going to ensure it responds to dynamic eternal changes amicably for it to pursue its mission. The corporate strategy of a company ought to spell out its goals that are majorly all it priorities, the plan of events and the course of action throughout a certain period. Many transport companies tend to focus on offering only one service; transport of goods and services. A company corporate strategy ought to be based on the design, by majorly focusing on the young and beginners for services.

Therefore, the growth strategy of a company should focusing on diversifying its services to incorporate postally and care hire services intended to meet the diverse needs of people. The major hitches that any enterprise business will tend to face throughout its operations are competition, resources and the necessary capabilities. The corporate world is one of the most volatile areas of the economy that are had to operate without skill and, therefore, requires deliberate courses of actions. However, such challenges can be overcome by developing viable strategic plans that are going to spell out all the courses of action to overcome them.

The recent past has seen a rapid increase in the demand for good services hence any company can now entice many people by making its objectives base on offering quality services all the time while focusing on lowering prices to fit everyone despite their economic situation. The company has to consider this as an opportunity to offer what has not been in the market as an entry mechanism. The exercise was informative based on all the responsive measures that ought to be taken to overcome challenges in the corporate sector.

It stretched what has been learned in the classroom because it brought to the application level. It should, therefore, be part of this course to enable students understand the corporate challenges and opportunities before they can start their or manage businesses in the future. In summation, therefore, the management and proper running of the business has acquired new strategic dimensions. Companies ought to evaluate their approaches and goals for them to ensure that they are relevant in the corporate sector.

They need to ensure that they incorporate every innovation and technique in the day to day running of a business.