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Strategy is the art of formulating, implementing and evaluating the cross-functional decisions of business to achieve its organizational goals and long-term sustenance. Strategy closely knits the mission, vision and goals of an organization with plans and policies to achieve its objectives. Strategy can also be defined as the course of actions taken and necessary resources implemented to accomplish the predefined goals of an enterprise.
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Strategy specifically involves two major processes: formulation and implementation. These two major initiatives undertaken by the top managerial level in an organization is regarded as strategic management. Strategy assignment help experts focus on these.
Formulation refers to the analysis of the market condition and plotting adequate strategic actions respectively to gain competitive advantage against the rivals. Strategies are formulated based on the following factors and mainly highlighted in strategy assignment help material:
It refers to the alignment of resources towards the organizational goals. Implementation depends on a number of factors that include structuring of resources, leadership arrangement, effective communication, management, performance monitoring etc. Strategy assignment help experts suggest that implementation is a useful process to evaluate the progress towards achievement of organizational goals.
Strategy assignment help primarily include these processes. Enhance your knowledge on MBA by our strategy assignment help.
Business strategies exist at various organizational levels. The various types of business strategies highlighted in our strategy assignment help material are:
It considers the overall scope of business and purpose of operations in order to meet the expectations of internal and external stakeholders. This stage of business is highly influenced by the investors, hence considered crucial stage of strategy. Moreover, corporate strategy guidelines the complex decision making processes throughout the business. The mission statement of an organization is closely linked with the corporate strategy of business.
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It refers to the strategic direction offered to the functioning or operational units of an organization. Operational strategy essentially emphasize on the flaws of people, production processes, resources used, quality control, inventory control etc.
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It determines the strategies adopted to deal with individual target market in the industry. This unit of strategy encompasses strategic decisions on products, exposure to new opportunities, meeting customer expectations, to gain competitive advantage over rivals etc.
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It refers to the strategies developed by teams or groups of employees working together to accomplish the business objectives. Each department or team in an organization has distinct set of strategies to carry out the operations allocated to them.
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Linear strategy refers to the planning, integrated decision making processes and actions taken to accomplish the feasible objectives of organizations. In these strategic actions, organizations modify their range of products and services with the changing needs of consumers. Strategic planning, formulation of strategies and strategy implementation are the three chief factors associated with the Linear model highlighted in our strategy assignment help material.
It refers to the development of strategies respective to the changing or latest interest of corporate culture. Strategies in interpretive model are developed to frame references so that the stakeholders can understand business scenario and industrial environment. Based on this strategy, the stakeholders are expected to produce constructive results for the organization. To be precise, interpretive strategy emphasizes more on the promotional activities to influence the buying decisions of customers rather implementing attractive features on the products. Strategy assignment help simplifies interpretive strategy.
This mode of strategy refers to the alignment of resources and capabilities with the industrial risks and opportunities by continuous assessment of external and internal business conditions. Strategy assignment help give prominence to these.
Environment analysis and making relevant changes to it is continuous and simultaneous operations in an adaptive strategy. Moreover, Strategy assignment help include adaptive strategy that is considered to be the overlapping cycles with the three chief phases in business i.e. the phase of engineering, entrepreneurial phase and stakeholders phase. A constant need of adaption minimizes the scope of strategy planning.
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Renowned academic and author Henry Mintzberg successfully described the various viewpoints on strategy by analyzing the strategic processes. According to him, strategy is an impulsive domain depending on the situation or operations taking place.
Strategy is classified into five different types by Henry Mintzberg which is discussed in brief below. Our strategy assignment help primarily include the following.
It is a planning concept in which a course of action is directed to accomplish pre-determined series of organizational objectives.
It is a strategy determined by the external factors. On the basis of consumer and stakeholder’s approach, various brands, products and target market is located.
The strategy that is not preplanned, rather develop over time with experience. The pattern of strategy intended is different from the intended pattern and hence regarded as emergent strategy.
This is a type of strategy developed to defeat the competitors
Strategy built in accordance to the theory and ideological perspective of business.
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Strategic planning refers to the various processes undertaken by a business to accomplish the strategy. The processes include defining the strategy plan, directing programs and policies, making decisions and allocation of resources to execute the predefined strategy. Strategic planning encompasses the entire process of implementing input, synthesis and obtaining of output. A strategic planning involves feedback loops in every execution process. Students seeking strategy assignment help must include all-round planning.
The chief steps involved in strategic planning are:
These steps are primarily included in strategy assignment help.
Strategic planning involves various analytical and tools to accomplish the desired organizational results. The wide-ranging strategic planning tools are described in details below and simplified in strategy assignment help.
This analysis is done to determine the organizational strengths and weaknesses in respect to the external threats and opportunities.
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This analysis encompasses the various environmental factors such that have strong impact on the business performance. These environmental factors include political, economic, social and technological factors. This has been further expanded to environmental and legal factors highlighted in strategy assignment help
This analytical model emphasizes on five chief factors: bargain power of suppliers, bargain power of customers, threat of new entrants in industry, threat of substitute products and potential competition within the market. Strategy assignment help emphasize on chief five factors.
This planning process is implemented to determine the future prospective of business. Strategy assignment help point up this factor.
This analytical tool is used to decide possession of productive businesses and dismiss the non-profitable one. Growth share matrix is essential in Strategy assignment help.
Strategy is a complex process of high-level planning meant to achieve organizational goals. Strong grasp on the multi-dimensional characteristics of strategy would help the students to frame their assignments efficiently. However, being a non-professional personality, majority of learners confuses the applications of situational strategies in accordance to the changing scenario of industries; hence need strategy assignment help. In addition to it, formulation and implementation are two distinct processes of strategic planning that students should consider while weaving their knowledge on business studies with that of the specified case study.
Needless to say, strategy assignments are an extremely time-consuming task for which majority of students fail in their deadline and seek strategy assignment help. Even if you manage to present the assignment on time, the quality of content will go below standard. The significant problem faced by students is the inadequate availability of resources that restrict the research work on strategy. The information given in journals and books are not apt to frame a proficient set of assignment leading them to appeal for strategy assignment help.
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