Purpose of strategy Essay Example | Topics and Well Written Essays - 2250 words

Purpose of strategy - Essay ExampleAn efficaciously formulated strategy ensures that the resources, capabilities and competencies of the strongs are integrated and allocated properly so that their alignment with the external environment whole kit and boodle to the advantage of the firm. A basic requirement for the effective usage of strategies to the organisational advantage is the collection and abridgment of a host of information about so many variables including markets, customers, technologies, changes in the worldwide financing structures and methods and besides changes in the world economy. With this background this paper discusses the nature and organizational purpose of strategies. While detailing the rule behind the strategic changes the paper also brings out a note on the formulation of strategies establish on some strategic thinking process.There are various elements that assume the orgnisational systems function effectively. expose of these systems some are consid ered important and contribute more towards the organizational success. As such these elements are Byzantine in nature and need to be prioritized than the others. These elements form the basis of an organizational framework and add foster to the organizational existence and purpose. ... Thus it can be said that strategy is an organizational process indwelling from the structure, behaviour and culture of the company in which it takes place. 3.0 Organisational Purpose of StrategiesPurpose is derived from a persons or organisations values and beliefs. It is outlined in emotional and relational terms, and remains a constant even when the environment changes over date. (Ilia Van Roon) The strategies define the goals of an organization in terms of the direction in which the organization should march ahead. Goals are formulated in response to and in tune with the changes in the competitive environment in which the firm operates. The goals are often defined in quantitative or qualitative terms that drive organizational efforts to success. Thus strategies have the purpose of defining the organizational goals in both monetary and non-monetary terms. Organisational vision yields an disposition of what the organisation intends to do strategy is a translation into how the organisation intends to realise its visionSuccessful organizations continuously are purpose driven, having identified the organizational purposes, aligned their goals, actions, responses and relationships with the purposes. Strategies defining the organizational purposes are required to trigger the people by using goal oriented language to relate the peoples cognitive and emotional sides to make them understand the organizational purposes and coordinate their efforts towards achieving them. 4.0 Nature of StrategyThe strategy of a firm is the match mingled with its internal capabilities and its external relationship. It also describes about the nature of its responses to its other stakeholders like the customers,