Importance Of Secrecy In Strategic Planning Of Organizations

Factors Supporting Growth

Question:

Discuss about the Organizational Need of Maintaining Secrecy.

The growth of the multinationals is based on the strategies that are being implemented in the management of the organization. The organizations consider the sustenance and growth of the organization in the market. the factors that supports the growth helps in making the functions effective. It helps in retaining the market (Hitt, Ireland and Hoskisson 2012). The strategies that are being formulated by the organizations help in determining the contingencies and thereby solve them. The strategies that are being formulated by the organization is kept as a secret for various reasons, failing to do which might lead the firm to face discrepancies in the market.

The report analyses the importance of the planning procedure and thereby understand the requirements of the organization to keep its strategies as a secret. The growth of the organization is based on the strategies that are being formulated based on the issues that the company faces. While formulating the strategies, the company undertakes an analysis, which determines the needs of the consumers. The concerned company for the report, The Sultan Centre aims at securing its strategic plans in order to grow in the international markets.

Planning helps in the development of the organizations in their respective sectors. It determines the market that the company holds in this relation. Proper planning, based on the requirements of the change undertaken by the company, ensures its progress in the market. The organization’s consideration is based on the progress that it plans for its development and sustenance in the market (Peppard and Ward 2016). The reasons that justify the actions of secrecy undertaken by the company are being discussed in this section of the report.

The firm does not undertake free distribution of the strategies in order to retain the uniqueness of their strategic planning. The uniqueness in the strategic planning helps the company in undertaking steps for its progress. It provides the company with a competitive advantage over the competitors in the market. The main function of the strategy that is being framed by the organization is based on the information or feedback that it receives and the implementation of the strategies to resolve the issues. Moreover, the free distribution of the strategies can also result to competitive intelligence.

According to Wheelen and Hunger (2017), the distribution of the strategies in the higher executive levels might result to leaks. There might be a breach in the job responsibility with the knowledge of the strategy and therefore the competing firms might lure away the high-level executives of the organization. It will help the competitors in gaining an advantage over the company. The rivals might exploit the concerned company’s capabilities and thereby challenge the company in the market.

Importance of Planning Procedures

On the other hand, Gamble and Thompson (2014) believed that the free flow of the strategies in the internal structure of the organization helps ion the implementation of the strategy. It enables the group functioning and thereby make use of the communication to make the people aware of the decisions. It helps in framing the organizational goals of the organization and take steps to execute the planning process.  The awareness that is being created through the free flow of the strategies helps the organization in undertaking the change more efficiently. The organizations focus more on the improvements that it undertakes in order to cope up with the changes in the business environment.

According to Goetsch and Davis (2014), secrecy of the strategies undertaken by the company also helps in avoiding the criticism and the second opinion where the strategies are required to be revised. In order to understand the situation more vividly, the company might make use of the secrecy in order to avoid the chances of the criticism, which might affect the planning process of the organization. The variation in the mindset of the people and the outlook of the people affects the strategies, if disclosed. It makes the planning process ambiguous and vague. Therefore, in order to avoid the situation, the companies must not reveal their strategies to the high-level executives of the organization.

On the other hand, Kinicki and Kreitner  (2012) believed that the free flow of information and the strategies helps in inviting opinions for the betterment of the firm. The variety of opinions helps the organization in taking the most appropriate step for the success of the organization. It helps in determining the most important part of the organizational improvement. Through proper communicational practices, the organization makes use of the strategies through thorough revision of the strategies before implementing them.  The concerned company for this report aims at making a change in their line of products in order to hold on to the market. it helps them in determining the sustenance of the organization. Therefore, the firm takes steps in order to make use of the strategies to make improvements in the market.

Duplicity is again another factor that makes the firms undertake decisions to maintain the secrecy of the strategies. The formulation of the strategies is based on the firm’s requirement of growth and expansion. The process of growth might be hindered due to the duplicity that might be undertaken by the high-level executives of the organization. It helps in making the most of the practices undertaken by the organization. The duplicity might affect the progress of the organization and thereby affect the market. According to Sakas, Vlachos and Nasiopoulos (2014), the duplicity of the information results to the loss of the productivity. The concerned company therefore restricts the flow of the strategies undertaken by the organization. The duplicity in the organizational structure results to serious issues in the progress planned by the organization.  

Secrecy in Strategic Planning

On the other hand, Kapferer (2012) believes that the free flow of information or the strategies helps in strengthening the work force. It helps in making the work force aware of the changes undertaken by the organization. Therefore, the awareness that is been created through the passage of the strategies helps in determining the objectives of the organization. It helps the company in undertaking the possible steps for improvements.

The improvements made by the organizations are based on the strategies that are being undertaken by the organization. The organization can bring in the changes based on the requirements of the consumers. The strategies that are being undertaken by the concerned company are aimed at improving the organizational situation of the company.  

The different steps that the company can formulate in order to ensure the sustenance of the organization in the market are being discussed in this section of the report. Every organization has a life of its own, in order to sustain the organization in the market, certain mechanisms are being undertaken.

The long-term vision of the organization deals with the objectives that the company must consider while undertaking the process of their growth. Setting an objective helps in the undertaking of the progressive functions of the organization (Foss and Hallberg 2014). It helps the organization in making use of the workforce in order to ensure the smooth functioning of the organization is being undertaken and the common goal of the organization is reached. The continuous development undertaken by the concerned company will help the company in sustaining the existence in the market. The long-term vision of the company helps in undertaking the contingency planning as it helps in supporting the organization in the time of crisis. It also helps in taking steps that helps in the progress of the organization.

The sustainability of the projects helps the organization in undertaking the sustainable approach. The sustainable approach of the organization helps in determining the progress of the organization. Making the projects sustainable helps in undertaking partnerships and collaborations with the other companies helps the concerned company in making sustenance in the market.

The communication process undertaken by the organization is based on the requirements of the organization to connect to the internal and the external stakeholders of the business. The choice of the communication channels plays an important role in bringing about the desirable change in the structure of the organization (Daley 2012).  The concerned organization aims at meeting the requirements of the organization to keep the people aware of the situation of the company and their undertakings. The communication process of the company greatly affects the sustainability of the company in the market.

Stakeholders of the company help in the growth and the expansion of the organization. it helps in undertaking the change in the organization based on the requirements of the consumers and their respective demands. The company’s relation with its stakeholders affects the growth of the organization. Steyn (2012) believed that the stakeholders holds the key to the company’s success and helps the organization in making improvements in the structure. The stakeholders of the company contribute to the growth of the company. Therefore, the company’s good relation with the stakeholders is an important step taken by the organization in order to bring about the change. The feedback of the external stakeholders of the company helps in understanding the changing trends and thereby helps the company in bringing the desired change.

A continuous change is the most important criterion considered by the organization in order to survive in a competitive market situation. Therefore, the changes that is being undertaken by the organization  based on the requirements helps the organization in sustenance in the market.

References

Daley, D.M., 2012. Strategic human resources management. Public Personnel Management, pp.120-125.

Foss, N.J. and Hallberg, N.L., 2014. How symmetrical assumptions advance  strategic management research. Strategic Management Journal, 35(6), pp.903-913.

Gamble, J.E. and Thompson, A.A., 2014. Essentials of strategic management. Irwin Mcgraw-Hill.

Goetsch, D.L. and Davis, S.B., 2014. Quality management for organizational excellence. Upper Saddle River, NJ: pearson.

Hitt, M.A., Ireland, R.D. and Hoskisson, R.E., 2012. Strategic management cases: competitiveness and globalization. Cengage Learning.

Kapferer, J.N., 2012. The new strategic brand management: Advanced insights and strategic thinking. Kogan page publishers.

Kinicki, A. and Kreitner, R., 2012. Organizational behavior: Key concepts, skills & best practices. McGraw-Hill Irwin.

Peppard, J. and Ward, J., 2016. The strategic management of information systems: Building a digital strategy. John Wiley & Sons.

Sakas, D., Vlachos, D. and Nasiopoulos, D., 2014. Modelling strategic management for the development of competitive advantage, based on technology. Journal of Systems and Information Technology, 16(3), pp.187-209.

Sakas, D., Vlachos, D. and Nasiopoulos, D., 2014. Modelling strategic management for the development of competitive advantage, based on technology. Journal of Systems and Information Technology, 16(3), pp.187-209.

Steyn, B., 2012. Strategic management roles of the corporate communication function (Doctoral dissertation).

Wheelen, T.L. and Hunger, J.D., 2017. Strategic management and business policy. pearson.