Stapleton, John and Thomas, Michael J. Stacey also pointed out that strategic management was a very reactive process, and that organisations are learning entities and their learning cycles are very responsive to the actions taken by competitors and other stakeholders who influence their own strategic choices.
In addition, HG encourages divisions and employees to learn through the Intranet to promote and maximize organizational learning. Adapted from HG The actual process of strategizing was infinitely more complex than was assumed in the prescriptive process the intended strategy development process and that the process is one of experimentation to find the most productive route forward USQ The internal aspects of the organisation are the first focus in HG.
Organizational learning based on IT networks e. A learning organization intentionally builds structures and strategies to promote and maximize organizational learning Huber This is especially true in product divisions e. This is innovation and knowledge-based according to the emergent strategy process set out by Lynchp.
According to the prescriptive strategic process model that include the four broad areas set out by Lynchp.
However, difficulties related with resource-based view can arise from the never-ending capacity to absorb more information, knowledge, capabilities and other resources, but the window of opportunity may close before knowledge and capabilities are built up, and therefore there is a need to balance the conflicting demands of exploration for more knowledge and capabilities and the exploitation of existing knowledge and capabilities Penrose Strategy development processes reflect the ways in which strategy is either formally and consciously developed or emerges as part of a pattern of critical decisions over time University of Southern Queensland Divisional manager is responsible Strategy of a chosen organisation essay the divisional strategic plan after the strategic development training provided by the headquarters.
This is because HG management believes that internal strengths are the key to ensure long-term success. Here, divisions also need to develop strategic options and recommend the best strategy based on their own situations. Economic changes There are a number of economic changes that could occur in the economy which would mean that the business has to look at the implications that they would have in the future.
HG management also encourages divisions and even employees to develop emergent strategy based on the organisational-level goals.
In HG, knowledge and information are obtained by scanning external environment e. Get Access Strategy of a Chosen Organisation Essay Sample Evaluate how future changes in economic, political, legal and social factors may impact on the strategy of a chosen organisation Changes in a number of different factors can affect the way in which the business is run in the future and this could mean that the business has to look into different ways of tackling problems, which would mean they have to forecast what they believe the future is going to be like.
Organizational learning is crucial for the strategy development as the strategic planning process is very much a learning process. Formal planning is important to reach realised strategy, but it is usually unrelised or only partially due to reasons such as environment changes after the plan.
Get Full Essay Get access to this section to get all help you need with your essay and educational issues. To sum up, the strategy development processes should look at both formal planning process and emergent strategy process.
The strategic plan developed by HG also involves annual performance targets and performance appraisal method. More essays like this: Figure 2- Process of performance monitor and control in HG Source: This means although HG emphasizes primarily on the importance of internal resource strengths as the basis of developing strategy, external environment is also examined in order to compete against competitors more effectively by identifying opportunities and threats.
Whilst the emergent strategies have been deemed to be significantly more effective in dealing with complex and increasingly turbulent business environments, a number of concerns see Table 1 have retarded their complete adoption, particularly by larger organisations such as HG Lynch Figure 1- The prescriptive strategic process Due to the problems of just focusing on resource-based view, following internal environment scanning, HG usually scans the external environment, too.
This task looks at strategic planning which encapsulates the strategy development processes Lynch According to Huberorganizational learning can be defined as the process of knowledge acquisition, information distribution and interpretation, and organizational retention in response to changing circumstances.
In addition, strategic planning can also be viewed as an organisational learning process Lynch During this stage, HG also verifies and develops their strategic vision and mission statement and objectives.
However the downside of this is more people who work in the stores would lose their jobs as a result of online shopping and this implication can have an effect on economy because rates of unemployment would increase due to the number of people who have lost their jobs.
Figure 3-Strategy development routes Source: More essays like this: Get Full Essay Get access to this section to get all help you need with your essay and educational issues. Conclusion To conclude tesco would have to look at all of these factors in order to anticipate the future of their business the main reason the business has to forecast the future is so they are prepared for anything that could happen and this could mean that the business is more prepared than their competitors and could give them a healthier lead on there competitors.
This is consistent with the second step of the perspective strategic process See Figure 1. External environment scanning in HG focuses on external micro-environment of the entire industry i.he Practice and Theory of Strategy Development Processes In Your Chosen Organisation Essay Sample.
This sub-task of the essay will address how strategy development processes and implications for the “learning organisation” concept in relation to strategy development are applied in China-based Haier Group (HG) (See the background. Short Essay on Strategic Management April 4, nal and external circumstances, and undertake to execute the chosen action plans.
Strategic management steps: • specifying an organization’s objectives, carry out the chosen strategy and to achieve the targeted results. Evaluate How Future Changes in Economic, Political, Legal and Social Factors May Impact on the Strategy of a Chosen Organisation Words Feb 28th, 4 Pages Evaluate how future changes in economic, political, legal and social factors may impact on the strategy of a chosen organisation.
Different Products Of The Chosen Organisation Marketing Essay.
Print Reference this. Published: 23rd March, Different products of the chosen organisation. Pizza Hut has different kinds of products. They serve many things but their main product is different kinds of pizza.
Definition of Pricing Strategy. Organisation’s strategy is a mediating power between the organisation and its external environment: consistent models in courses of organisational decisions to cope with the environmental conditions (Mintzberg, ). Strategy of a Chosen Organisation Essay Sample.
Evaluate how future changes in economic, political, legal and social factors may impact on the strategy of a chosen organisation Changes in a number of different factors can affect the way in which the business is run in the future and this could mean that the business has to look into .Download