Business Strategy Discussion

Discuss: Why is it critical for company managers to have a clear strategic vision regarding their organization

Post your primary response by Thursday, midnight. Respond to at least one other post by Friday midnight. Your primary posting can end with a “tag-line” or a related question to your posting. Your secondary postings can either answer another student’s question, or comment on their answering my question.

The initial post should be a minimum of 200 words due on Thursday with the reply post a minimum of 100 words due on the following Sunday

 

Other Student Post: Please reply to this with 100 words at least .  Your reply postings can either answer another student’s question, or comment on their answering my question.

The business strategy and vision of the company are often interdependent. It is the responsibility of the head of the organization to educate and guide his management team through their vision, while at the same time it is the responsibility of the management staff to take into account the focus of the organization when making decisions on various projects. The future of the company depends only on the success of various projects; Therefore, it is important for executives to strive for success and ensure the achievement of organizational goals. It is the context in which every successful organization has a vision and leadership, and employees work towards the ultimate goals as well as the organization vision. It is impossible to maintain a long-term pace in the workplace if it only achieves short-term goals and does not take into account the vision of the organization; This happens to me in small companies where managers do not focus on organizational goals and eventually the company fails to survive.

Overall, it gives an idea of ​​where the company wants to go in the future. It helps to provide all the information in the following sections with a simple formula (s). The goal also reflects the goals and objectives of the audience. Depending on the form and duration of the planned project, the strategic strategy can be short-term or long-term. The strategic focus will have an ideal yet realistic outcome (M. Petaroff, 2018). Creating a vision and mission statement is an important part of the strategic management process. With a clear understanding of the organization’s vision and mission, managers can set strategic priorities that are in line with the organization’s long-term goals. Managers translate these strategic priorities into the implementation, monitoring and evaluation of the action plan. The expected outcome determines whether the organization’s vision, mission, goals or strategy need to be modified.

As an example, I would like to give the example of my employer. All the management goals defined by my company are focused on the overall strategic goals of the company, mainly to achieve superior product quality. Therefore, absolute unity develops between the teams and managers of the organization and all goals must be in line with the goals of the organization. It helps the organizational community to grow and succeed together and similarly, it also helped my company to succeed and emerge in a situation like Kovid-19, when many similar companies filed for bankruptcy. As a candidate for leadership positions in my organization, I must define my annual goals and then discuss them with my department director. At this point, my director sees to it that all goals equate to the overall strategic goals of the organization, which is very important. Aren’t strategic goals the foundation for an organization’s success?

References:

Barbosa, M., Castaneda-Ayersa, J.A., & Ferreira, D.H.L. (2020). Sustainable Strategic Management (GES): Sustainability in small business. Cleaner Production Journal, 120880.

Shaw, X., Chen, J.E. & Teeh, S.U. (2020). Dynamics of the strategic arrangement of the IT business: data on the implementation of health information systems. Information technology and people.

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