BUSINESS ORGANISATION AND POLICY

Business Organisation and Policy



Business Organisation and Policy

Introduction

The paper has been written to report about the failure faced by the student of MBA executive who attempted an assignment, which was to make a link between the strategic changes with respect to the significant innovation that is adopted by the selected organization. However, the student failed, on the basis that before conducting a research on any organizations policy and formulating the strategies with the innovation, one must have a glimpse over the concepts of strategic and tactical planning, without knowing the main concepts one cannot be able to distinguish between the strategic and tactical planning and eventually could not link that planning with the significant elements of innovation in any organization. Thus, this paper is formatted on the objective which is to make everyone clear about the differences between strategic and tactical planning linking with the significant innovation.

The concept of success can be explained with the linking of the other concepts such as strategies, which is the core functioning of the business, and working as the blood in the organization. However, thus is it said to adopt the strategy for the business in order to make it operational.

A strategy serves as the nerves of the organization and they have the power to decide if the organization would succeed or fail. The fact remains the same that every business runs to earn some profit at the end of the day. In order to get uphold to this notion, the managers of the company have the full authority over deciding upon the appropriate strategies, as it is the pathway to any business (Powell 1999, pp. 552).

Strategic Management

As it comes to define the concept of strategic management, it is said that it is very pivotal for the firm operating at a large scale, if we talk about the small scale firms, the fact reveal that it is as important for the small scale firms, just as it is important for the large scale firms. Many companies whether small scale or large scale have their own strategy in their own special way to move on the business operations in a lucrative way (Moyer, 1999, pp. 14). However, lacking the part of strategic management and the knowledge of pertaining the concept, it may translate towards some of the serious concerns for the small manufacturing units (Alreck et al. 2001, pp. 109).

Tactical Planning

The management planning term, tactical planning is defined as the planning which is termed in the short range phase, actually has its emphasis on the current functions and operations of several functions of the organization. However, short range phase is the phase in which the time range of the total phase extended for one year or less in the future. The purpose for which the managers used the tactical planning is to make a proper outline about the several functions of the organization, which results in the things that organization has to do in order to be successful in ...