How strategy is partly proactive and it is partly reactive, Strategic Management

Assignment Help:

Strategy Is Partly Proactive and It Is Partly Reactive

1. A company's strategy is usually a blend of (I) proactive actions on the part of mana­gers to increase the company's market position & financial performance & (II) as-needed reactions to unanticipated progress & fresh market environment.

2. A Company's Actual Strategy is partly proactive & Partly Reactive, shows the typical blend found within a company's strategy.

3. The biggest part of a company's current strategy flows from previously initiated actions & business approaches that are running fine enough to merit continuation & newly opened managerial initiatives to strengthen the company's whole position & performance. This part of management's game plan is deliberate & pro­active.

4.  Not every strategic move is the result of proactive plotting & deliberate management design. Things do happen that can't be fully expected or planned for.

5.  The part of a company's strategy is always built on the fly. It comes about as a reasoned feedback to unforeseen developments.

6. crafting a strategy involve stitching together a proactive/intended strategy & then adapting first one piece & then another as condition surrounding the company's situation change or better options emerge - a reactive/adaptive strategy.

7. A Company's Strategy Emerges Incrementally & Then Evolves Over Time:- A company's strategy should at all times be looks-like as a work in progress.

8.   On incident, fine-tuning the existing strategy is not enough & key strategy shifts are called for:-

(a). When a strategy is unambiguously worsening & the company is facing a financial tragedy.

(b). When market conditions or buyer preferences change significantly & new opportunities occur.

(c). When competitors do something unforeseen.

(d). When important technological breakthroughs arise.

9.   Some industries are more unstable than others.

10. Industries environments characterize by high-velocity change need rapid strategy adaptation.

11. Regardless of whether a company's strategy changes gradually or quickly, the main point is that a company's strategy is provisional & on trial, pending new ideas for improvement from management, changing competitive setting & any other modification in the company's situation

CORE CONCEPT:- Changing circumstances & current management hard work to develop the strategy cause a company's strategy to emerge & evolve over time - a situation that formulates the task of expertise a strategy a work in progress, not a one-time occasion.

CORE CONCEPT: - A company's strategy is driven partly by management analysis & choice & partly by the necessity of adapting & learning by doing.

12. Crafting Strategy Calls for first-class Entrepreneurship: - The constantly evolving nature of a company's situation place a premium on management's capability to show astute entrepreneurship

13. Masterful strategies is come partially, maybe mostly, by doing things in a different way from competitors where it counts.

14. Good strategy building is indissoluble from good business entrepreneurship.


Related Discussions:- How strategy is partly proactive and it is partly reactive

Explain the function of the group, a.     Explain the function of the group...

a.     Explain the function of the group. b.     For each group, describe the following: 1)     How it came into being. 2)     How long it has existed (and is expected to

How is knowledge management related to information systems, Question: a...

Question: a) How is knowledge management related to information systems? b) What is the difference between tacit and explicit knowledge? From your own experience, describe

Stategic management, Critically evaluate the future plans of AEL

Critically evaluate the future plans of AEL

Differences of eva and ri, Differences of EVA and RI EVA uses the r...

Differences of EVA and RI EVA uses the replacement not historical accounting cost of assets. Profit calculated under both methods are different e.g. with EVA the repla

Components of the cost of production, Components of the cost of production ...

Components of the cost of production Any sustained rise in input prices usually lead to an increase in productprices through the cascading effect. The major components of the c

Show the limitations of ratio analysis, Q. Show the Limitations of ratio an...

Q. Show the Limitations of ratio analysis ? A ratio on its own is meaningless, accounting ratios must always be interpreted in relation to other information.  Ratios based on h

Explain the different types of personalisation systems, Question: (a). ...

Question: (a). With the help of appropriate examples of your choice explain the different types of personalisation systems? (b). Distinguish between the micropayments and

Investigate the reasons for the failure of strategies, Question: John T...

Question: John Taylor is the Strategic Policy Director of ACCESS International, a large marketing company specialising in buying a variety of manufactured products from the USA

Business strategy and operation strategy, what is the relationship between ...

what is the relationship between business strategy and operation strategy?

Estimate the cost of making the threaded studs, Estimate the manufacturing ...

Estimate the manufacturing cost for a bearing housing following the Formula Student Costing Scheme.   Dimensions and materials of the bearing housing will depend on your student

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd