STRATEGY DEVELOPMENT

Strategy Development

Strategy Development

Question 1: Where Does Strategy Happen?

Moving from strategy building by top management to strategy implementation by all employees in the business is a crucial step in the organisational change process. Employees will support the change and effectively execute the strategy if, and only if, each employee understands what the change is about, understands the meaning of it, and feels confident as to their own capacity to take on the new behaviours and tasks that this change implies. This is linked to the fundamental assumptions to the findings of the researcher Aaron Antonovsky. According to his research, the extent to which people will, or will not go along with (even major, profound) changes and will, or will not stay highly performing depends on the level of their Sense of Coherence (SoC).

Mechanism of strategy provides summaries of market research techniques and theory in a myriad of forms—surveys, focus groups, interviews, case studies, feasibility studies, competitor profiling, etc. Interspersed examples and sample forms of business research provide a real-world appreciation for how market research assists business planners in the process of strategic planning. This book has grown out of real-world work in business research settings.

Strategy Happen when we are getting out of business in a process. The length of time required to complete the process is directly related to the complexity of the business, and the circumstances underlying this decision to get out of business. It can range from one week for a home-based sole proprietorship to several years for a corporation forced into involuntary bankruptcy. Disputes and litigation add another dimension to the timeframe.

The process for exiting a business usually includes the following steps:

Reach Agreement & Obtain Authorization from Owners to Dissolve Your Business Entity. Agreement and authorization to dissolve a business must be established under some acceptable, governing set of rules, such as the bylaws or partnership agreement. It is best to settle disputes quickly, and document any terms and conditions that apply.

Designate a Leader & Organize a Team.

Authority and roles should be clarified. The owner may be the only team member for a home-based business. For a large entity, however, the team may consist of the executive management team and important functional managers whose expertise is not represented: finance, human resources, legal. This group should be as small as possible for efficiency, and large enough to include the expertise required to cover the basic planning ...