StudentShare solutions
Triangle menu

Organisational strategy and decision making - Essay Example

Not dowloaded yet

Extract of sample
Organisational strategy and decision making

It has also been observed that the company had set certain strategic directions for future, such as enlarging business in growing economies and empowering its competitive positioning among others. In order to mitigate the strategic issues and successfully attain the strategic directions for future, certain recommendations comprising both short and long-term have been provided. These include adopting, as well as utilising, the strategy of cost leadership and making substantial investments, especially in developing the performances of the entire workforce. Table of Contents Abstract 2 Introduction 4 Internal Audit–Strengths and Weaknesses 5 Strengths 5 Weaknesses 5 External Audit – Opportunities and Threats 6 Opportunities 6 Threats 6 Discussion 7 Evaluation 9 Conclusion 11 Recommendations 12 References 14 Introduction Strategies are fundamentally described as the ways that a particular organisation selects to compete with its key business market competitors or to comply with the requirements of the customers. In this similar context, organisational strategies are often defined as a pattern of effective policies, decisions, performances or programmes that support an organisation to accomplish its predetermined business goals and most significantly to attain significant competitive position over the major business market contenders (Rothwell, 1998). It has been apparently observed that the organisational strategies adopted as well as implemented by the organisations affect their decision-making procedures by a significant level. This is owing to the reason that the organisations deeply rely upon formulating effective strategies for the purpose of controlling as well as coordinating the information flow amid different parties such as the employees, stakeholders, investors and the customers (Fairholm, 2009). Tesco PLC is regarded as one of the biggest retailers in the entire globe which performs its business functions in 14 nations. The company employs nearly 5, 00,000 personnel and serves significant portion of customers every week (Tesco, 2013). The visions of the company are to attain utmost value from the customers that it serves and also the communities where it operates its different operational functions. Moreover, the other major vision of the company is to flourish itself as a pioneering as well as a modern company and grow its business in every region throughout the globe (Tesco, 2013). In this discussion, the internal audit of Tesco in the form of strengths as well as weaknesses and the external audit in the form of opportunities along with threats will be taken into concern. Moreover, a comprehensive analysis about the different strategic directions of the company will also be portrayed in the discussion. Internal Audit–Strengths and Weaknesses Strengths One of the major strengths of Tesco is that it is a leading organisation in the business market of the United Kingdom and is known as one of the best retail chains across the globe. Moreover, the other strengths of the company are strong brand recognition, increased business reputation and deliverance of superior quality products in accordance with meeting the requirements of the customers. In addition, the execution of e-retailing activities while conducting business is also regarded as the other crucial strength of the company. In this similar context, the company has acquired success due to its formulation ...Show more

Summary

Organisational Strategy and Decision Making Abstract The business organisations generally intend to devise and implement effectual organisational or business strategies in order to accomplish their predetermined business goals. Tesco is regarded to be one of the biggest retailers throughout the globe, which serves millions of customers weekly…
Author : clementinatowne
Organisational strategy and decision making essay example
Read Text Preview
Save Your Time for More Important Things
Let us write or edit the essay on your topic
"Organisational strategy and decision making"
with a personal 20% discount.
Grab the best paper

Related Essays

Organisational Strategy & Decision Making
The recommended strategic actions are also provided in accordance with the strategic analysis done with the help of above mentioned tools and techniques. Table of Contents The present study revolves around analysing and evaluating strategic position of the Starbucks.
11 pages (2750 words) Essay
Organisational Strategy and Desicion making
..............................................................................4 Summary of the Company (British Airways)............................................................................4 Strategic Position and Organizational Culture.............
10 pages (2500 words) Essay
Employee Participation in Decision Making
Hence, nowadays many organisations encourage their employees to involve in the decision making process in line with stated guidelines and frameworks of self managing teams. Nowadays, top level executives hold the view that organisations can effectively develop and expand their human resources by allowing employees to form decisions for themselves and the whole organisation.
8 pages (2000 words) Essay
Clinical Decision Making
His or her decision to send or not to send patient’s blood for culture is being subjected to analysis as a part of the case study analysis of clinical decision making. The clinical reasoning behind the decision, the factors affecting the decision, effectiveness and implication of this decision are all components of this analysis.
6 pages (1500 words) Essay
Organisational Strategy and Decision Making
Business is also a kind of war, where the rival firms are considered as enemies & everyone fight with them to achieve the maximum market share & maximum sales. In this war the weapon is strategy. A strategy is a tool used for managing the organization’s resources in order to mitigate risks & optimize resources.
10 pages (2500 words) Essay
Individual essay discussing the strategic thinking, decision making processes, management/organisational structure and business
Currently, Nokia together with Microsoft is inclined towards creating a global ecosystem that can offer customers with different alternatives for android and iOS (Nokia, 2013a). This study focuses on strategic thinking, decision making process, organizational structure and business environment of Nokia.
6 pages (1500 words) Essay
Organisational Decision Making
The case of Cadbury from the video reveals that the organization faced series of financial set backs and retardation in its growth in the target market mainly because of the lack of effectiveness in judging the appropriateness of a specific change to the business.
20 pages (5000 words) Essay
Information for decision making
The third part is a discussion of the connection between information and decision-making. The fourth part looks at the consequences when the connection between information and decision-making breaks down, citing two related examples based on
10 pages (2500 words) Essay
Organisational disasters occur as a result of ineffective decision making. Assess the validity of this claim with reference to at least two different organisational disasters
It has an impact on the organisation and includes evaluation of general forces that do not directly touch on the short-run activities of the organisation but that can influence its long-run strategies. Organisational disasters occur because of ineffective decision-making and
8 pages (2000 words) Essay
Business Strategy and Decision Making
approaches with regard to their strategic measures in order to gain sustainability along with achieving competitive position over the growing number of rivals (Ansoff, 1991). The traditional concept of strategic management is one of the critical aspects to achieve continuous
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