here for which trade-offs are necessary they are inconsistencies in reputation or image, different configurations are essential for different positions, etc. A strategy which is framed by an organization enables a firm to achieve the best fit amongst all its activities. In this study a critical analysis will be performed on different theories which describe the major aspects of strategic planning. The entire study would even highlight the difference between operational effectiveness and strategic planning. On the other hand the study would even outline the importance of leadership to manage such strategic planning. These strategy formulations often lead to widespread changes throughout the system. In context of change management it is essential that appropriate leadership approach is adopted so that change can be communicated effectively throughout an organization. It is even important that there is a common goal set for the change so that all team members can efficiently accomplish the set goals or objectives. The company to be focused on is Toyota Motor Corporation. Over the years this multinational corporation has been able to set high quality standards and believes in constantly upgrading its business operations so that best service and products can be delivered to the customers. In this particular study strategic planning objectives and change management initiatives associated with Toyota Company would be thoroughly analyzed and will be related to theoretical frameworks.
Strategy is a mechanism which brings forth stability in an organization and there are various factors which actually defines well the concept of strategy. A strategy which is adopted by an organization sets forth a new direction for the organization; it defines an organization, focuses on overall effort of an organization and even provides required consistency so that an organization can achieve its desired goals and objectives (Whittington, 2001). In the present scenario there is an