Strategic Management and the Organizational Strategies

Strategic Management and the Organizational Strategies

Abstract

Strategic Management and the Organizational Strategies

Strategic management and the organizational strategies are the key ingredients for the business to keep abreast of the competitors Strategy is the plan or action implemented to accomplish the company ‘s specific goals . Corporate level strategy is the overall managerial game plan for a diversified company to establish business positions in different industries and the approaches used to manage the corporation ‘s different businesses . Also , business level strategy is the managerial plan for a single business composed [banner_entry_middle]

of the pattern of approaches and moves expertly crafted by management in its drive to successfully perform in one specific line of business . Finally , function level strategy is the managerial game plan for a particular functional activity business process or key department within a business

Strategic Management and the Organizational Strategies

INTRODUCTION

Strategy is defined as the plan or action put into place to accomplish the company ‘s specific goals . It is the art or skill of using stratagems in endeavors such as politics and business . The following paragraphs explain the three kinds of organizational strategies

BODY

Corporate level strategy . It is the overall managerial game plan (Strickland (1999 ) for a diversified company . Corporate level strategy is company wide for it consists of the moves made to establish business positions in different industries and the approaches used to manage the corporation ‘s different businesses . Corporate strategy includes making the moves to establish positions in different businesses and to achieve diversification , initiating actions to boost the combined performances of the businesses the firm has diversified into , pursuing ways to capture the synergy among related business units and turn it into competitive advantage and finally to establish investment priorities and steering corporate resources into the most attractive business units

Corporate level strategy includes making the moves to establish positions in different businesses and achieve diversification . The chief operating officer or a person of similar rank has to decide which types of businesses the corporation will venture into . The new organization could start by putting up a new business . Or , the company could begin by buying an existing company . The top ranking organizational officer could decide whether to diversity into putting up related businesses or setting up unrelated businesses . The organization could put up a large building where a portion will be allocated to its grocery chain business . And , the corporation could rent some of its vacant spaces to tenants under its rent business . Also , the organization could set up another business which is the food court in another part of the building . The company could also put up another business which is the hardware store in another part of the building . And , the COO could set up a specialty line clothing and shoes business in another vacant part of the building . Corporate level strategy that includes making the moves to establish positions in different businesses and achieve diversification will actually help each department generate more sales for the loyal customers of the… [banner_entry_footer]