Management Concepts Firm
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Do you feel Strategic Management should be more a top-down or bottom-up process in a firm? Explain.
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The expert determines if they feel strategic management should be more a top-down or bottom-up process in a firm.
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Do you feel Strategic Management should be more a top-down or bottom-up process in a firm? Explain.
Strategic management is an ongoing process that evaluates and controls the business. It is the corporate strategy of the company which affects the operating strategy. It is defined by Slack and Lewis in their book Operations Strategy as 'the total pattern of decisions which shape the long-term capabilities of any type of operations and their contribution to the overall strategy, through the reconciliation of market requirements with operations resources.' Operations strategy from the top-down relies on the corporate strategy through the business strategy of a business unit. Whatever corporate strategy is, operations strategy will have to fulfill it. If an organization is offering quick delivery of their products then the operation's job will be to speed up the process so that delivery is quick and fulfills the corporation's strategy. The strengths in doing this are that the operation's strategy is structured around the goal of the business strategy. The downside of this is if the expectation of the business strategy is something that the operations strategy cannot meet, failure will result. Also, the business strategy could dominate the strategic thinking of the corporation ...
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