What Is the Meaning of Organizational Strategy?
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An organizational strategy is the sum of the actions a company intends to take to achieve long-term goals. Together, these actions make up a company's ... CultureMusicSportsFood&DrinkEntertainmentLifeHomesNewsWeatherShoppingJobsCarsHearstNewspapersparticipatesinvariousaffiliatemarketingprograms,whichmeanswemaygetpaidcommissionsoneditoriallychosenproductspurchasedthroughourlinkstoretailersites.WhatIstheMeaningofOrganizationalStrategy?SmallBusiness|BusinessPlanning&Strategy|StrategicPlanningBySophieJohnsonUpdatedMarch08,2019WhatIstheRoleofTeams&TeamworkinOrganizationsToday?TheImpactofPlanningonBusinessGrowthTheFiveStagesofDevelopmentforOrganizationsWhatIstheOrganizational-EfficiencyFactor?TheMainCharacteristicsofBusinessLevelStrategiesAnorganizationalstrategyisthesumoftheactionsacompanyintendstotaketoachievelong-termgoals.Together,theseactionsmakeupacompany’sstrategicplan.Strategicplanstakeatleastayeartocomplete,requiringinvolvementfromallcompanylevels.Topmanagementcreatesthelargerorganizationalstrategy,whilemiddleandlowermanagementadoptgoalsandplanstofulfilltheoverallstrategystepbystep.Thisunifiedefforttocanbelikenedtoajourney.Dailychallengessuchasroadconditionsmustbeovercometocompletesequentiallegsofthejourney,whicheventuallyleadtotheultimatedestination.MissionandVisionOrganizationalstrategymustarisefromacompany'smission,whichexplainswhyacompanyisinbusiness.Everyactivityinthecompanyshouldseektofillthispurpose,themissionthusguidingallstrategicdecisions.Acompany'svisiondescribeswhatthecompanywillhaveachievedinfulfillingitsmission.Fromthevisionfollowsthelong-termgoalsofanorganizationalstrategy.BusinessandFunctionalObjectivesForastrategytowork,itmustbeconvertedintosmaller,shorter-termgoalsandplans.Middlemanagementadoptsgoalsandcreatesplanstocompeteinthemarketplace.Thesetacticalobjectivestakelessthanayeartocomplete,becomingthebuildingblocksofasuccessfulorganizationalstrategy.Atthelowerlevelsofanorganization,functionalmanagersconcernthemselveswiththeday-to-dayoperationsofthecompany,theirobjectivesandplanstakingdays,weeksormonthstocomplete.OrganizationalStrategyElementsElementsimportanttoorganizationalstrategyincluderesources,scopeandthecompany’scorecompetency.Becauseresourcesarefinite,allocatingthem–people,facilities,equipmentandsoon–oftenmeansdivertingthemfromsomewhereelseintheorganization.Quantifyingastrategy’sscope–forinstance,becomingNo.1inNorthAmericansales–makesformorefocusedplans.Finally,competitiveadvantagereferstowhatabusinessisbestat–itscorecompetency–alongwiththesumofwhatitknowsthroughexperience,talentandresearch.TheGrandStrategiesOrganizationalstrategyfallsintocategoriesreferredtoasgrandstrategies.Grandstrategiesincludegrowth,diversification,integration,retrenchingandstabilizing.Agrowthgrandstrategyreferstohighlevelsofgrowthachieved,forinstance,byaddingnewlocations.Diversificationmeansexpandingintonewmarketsoraddingdissimilarproductlines.Controllingsupplyordistributionchannelsinsteadofrelyingonoutsidecompaniesisverticalintegration.Companiesachievehorizontalintegrationbyaddingsimilarproductsandservicestotheirlineup,makingthemmorecompetitive.Retrenchingprunesacompanybacktoitscorecompetency.Companiesstayingthecourseadoptastabilitystrategy.ReferencesManagement:MeetingandExceedingExpectations;WarrenR.Plunkett,etal.BusinessDictionary:OrganizationalStrategyManagementStudyGuide:Strategy-DefinitionandFeaturesReferenceforBusiness:StrategyLevelsWriterBioSophieJohnsonisafreelancewriterandeditorofbothprintandfilmmedia.Afreelancerformorethan20years,Johnsonhashadtheopportunitytocovertopicsrangingfromconstructiontomusictocelebrityinterviews.RelatedArticlesDescriptionoftheKeyDimensionofanOrganizationalStrategyOrganizationStrategy&DivisionStrategyWhatIsanA-LevelManager?WhatAretheGoals,Visions&MissionStatementsofanOrganization?Top-DownApproachinBusinessLevelsofManagementDecisionMakingSimilaritiesBetweenCapacityPlanning&AggregatePlanningWhatHappenstoaSubsidiaryCompanyiftheParentCompanyBecomesInsolvent?TheImportanceofPlanninginanOrganizationWhatIstheRoleofTeams&TeamworkinOrganizationsToday?TheImpactofPlanningonBusinessGrowthTheFiveStagesofDevelopmentforOrganizations1DescriptionoftheKeyDimensionofanOrganizationalStrategy2OrganizationStrategy&DivisionStrategy3WhatIsanA-LevelManager?4WhatAretheGoals,Visions&MissionStatementsofanOrganization?
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