Organization Strategy is an action of any company to achieve their long term goals, to make up a company strategic plan . Strategic plans takes at-least 1 year to complete that requires all the importance decisions from the Top Management that creates the larger organizational strategy .
Middle and lower management adopt goals and plans to fulfill the overall strategy step by step. This unified effort to can be likened to a journey.
The Strategic process management is more than just a follow up of setting rules , the Upper management must think strategically with a fulfillment plan to apply it and start proceeding it .
The strategic management process is best implemented when everyone within the business understands the strategy.
The five stages of the process are :
3- Strategy formation
4- Strategy implementation
5- Strategy monitoring.
The top managements should be aware of the function organizational strategies that must be planned under them , to achieve the right goal and target , these would be include :
1- Financial Strategy
2- Marketing Strategy
3- Sales Strategy
4- Production Strategy
5- Research and Development Strategy
6- Purchasing Strategy
7- Human Resource Management Strategy
Every function has a mission to be part of the organization strategy to makeup a company strategic plan, each of these functions should be guided with the right organizational strategic.
Mission and Vision
Organizational strategy must arise from a company’s mission, which explains why a company is in business. Every activity in the company should seek to fill this purpose, the mission thus guiding all strategic decisions. A company’s vision describes what the company will have achieved in fulfilling its mission. From the vision follows the long-term goals of an organizational strategy.
Importance of strategic objectives
The Most important objectives of the company is the vision of their business, and how they will be achieving it in-order to not lose any of their functional organizations .
In every company should visualize the goals , of what the manager he wants his company to be , these are long term planning , which they must study it very well .
Set the objectives , they are guideposts with specific action-steps on the roadmap to achieving the long-term goals of the owner. They lay out the specifics and tell each employee what his/her responsibility is in achieving the company’s ultimate goals.
Objectives are important to communicate and assign responsibilities of performance to employees.
Strategic planning is a tool that is useful for guiding day-to-day decisions and also for evaluating progress and changing approaches when moving forward. In order to make the most of strategic planning, your company should give careful thought to the strategic objectives it outlines, and then back up these goals with realistic, thoroughly researched, quantifiable benchmarks for evaluating results.
The Strategic Planning Process
The process of strategic planning can be as important to an organization as the results. Strategic planning can be an especially valuable process when it includes employees in all departments and at all levels of responsibility thinking about how their activities and responsibilities fit into the larger picture, and about their potential contributions.
How to Create Objectives That Work
Effective objectives that help everyone achieve a company’s goals follow the SMART outline:
? Specific: Objectives assign direct responsibility and are clear.
? Measurable: The progress while working on the objectives must be measurable. There must be regular reporting to management and employees about where they stand in their progress toward achieving the objectives
? Attainable: Employees must believe they can accomplish the objectives; otherwise, they will not even try.
? Relevant: Objectives must align with the goals of the company. Each objective should be a piece of the puzzle that makes up the steps of the company’s direction.
? Timely: Objectives must have a time limit. Without a time constraint, employees will relax their efforts and not work on their responsibilities with any sense of urgency.
10 most important business objectives
As an Entrepreneur, the company should achieve and maintain to run and grow the business , They need to have a clear goal of the company .
Having a comprehensive list of business objectives creates the guidelines that become the foundation for your business planning.
3- Customer Service
4- Employee Retention
5- Core Values
7- Maintain Financing
8- Change Management
10- Competitive Analysis
Link between organization strategy with integrated systems
Integrated Systems follows global best practices in quality assurance, information security and business process management, thus assuring customers of high quality services delivered through mature processes from a secure technology environment.
Organizational integration happens when a company’s internal and external factors successfully mesh. Every company, large or small, has certain internal characteristics such as management style, systems, organizational structure, strategy, staff and organizational culture. External characteristics include the company’s mission or business model, input and output, the economy, technology, political factors, social factors and stakeholders. Identifying the degree of organizational integration is a way of evaluating the company’s success and discovering ways to improve.
Organizational strategy is hard to accomplish without Human Resource Management applying the Systems theory. HRM must learn to integrate systems that will benefit the organizations as a whole. McDonnell Douglas Corporation used an integrated systems approach which included a model of various, specific HRM initiatives. The General Systems Theory was applied to organizations and it was asserted that as systems, organizations are made up of interrelated parts.
In order for an organization to achieve success executives must be able to change mental models of how organizations are to function. “A major part of this shift is appreciating that organizational improvement initiatives are not additive but interactive” (Broedling, 1999).
The obligation of the employees should be to contribute what is best to the system and not self-motivators. “Some components may operate at a loss to themselves in order to optimize the whole system, including the components that take a loss” (Broedling, 1999).
HRM activities which increase key business initiatives include a fair compensation system. HRM that have well defined functions go beyond administrative functions. Functions should include roles of strategic partner, change agent, and employee advocate. Best Human Resource Policy establish a Process Improvement Plan which set the visions and benefits of becoming one company that prioritizes, develops, integrates and deploys common processes, tools, and systems that improve performance.
Importance of Integration & Coordination in an Organization
Companies that lack the ability to coordinate and integrate plans act like a body without a head. Though employees have the ability and skill sets necessary to carry out directives, their work needs guidance. Coordination and integration starts at the executive level and carries down to the workers at the front line of the company.