Purchase Solution

Strategy Development and Implementation

Not what you're looking for?

Ask Custom Question

Short answer reflect on the many different components of strategic development and implementation, which do you believe will be the most relevant and effective in leadership and management roles? Why? (Can not be extended past 6/26)

Purchase this Solution
Solution Summary

The solution provides guidance on the major components of strategic development and implementation and perspective on how some of them are important from the management and leadership's perspective.

Solution Preview

Dear Student,

As we as experts at Brainmass are not expected to provide you a complete printable solution, please find attached herewith notes, ideas and references that will help you guide in developing the solution. As a future manager, you can have your own perspectives but the contents provided herein are academic inputs that will guide you through the major points of discussion.

Best Wishes

Guidance on Strategic Development and Implementation
Strategic Management process comprises of Strategy Formulation or Development and Strategy Implementation as two major stages which are important to develop the strategies of the organization and then converting these strategies into action (Wheelen and Hunger, 2010). One of the foremost and most important component of strategy development is building the company's vision which is comprising of the organization's core ideology constituting its core values and purpose and an envisioned future which includes a 10 to 30 year Big Hairy Audacious Goal (Collins and Porras, 1996). The mission is basic reason for existence of the organization that needs to be defined by the organization. The vision and mission leads to another important component in strategic development - formulation of objectives (Wheelen and Hunger, 2010). This vision and mission leads to another major component in strategic development is defining objectives of the organization (Wheelen and Hunger, 2010). The other major component in strategic development is the environmental scanning to understand the implication of company's macro environment including political, economic, social, technological, environmental and legal factors and micro environment comprising its customers, competitors, suppliers and ...

Solution provided by:
Himanshu Mahobia, MBA
Education
  • BCom, M.D.S University, Ajmer
  • MBA, M.D.S University, Ajmer
  • PhD, Suresh Gyan Vihar University, Jaipur
Recent Feedback
  • "Thank you"
  • "Thank you"
  • "Thank you"
  • "THANKS THIS WAS VERY HELPFUL"
  • "I would like to use you as my expert for future assignments, If I do submit an assignment I will try to submit it early...Thanks "
Purchase this Solution
Free BrainMass Quizzes
MS Word 2010-Tricky Features

These questions are based on features of the previous word versions that were easy to figure out, but now seem more hidden to me.

Organizational Leadership Quiz

This quiz prepares a person to do well when it comes to studying organizational leadership in their studies.

Social Media: Pinterest

This quiz introduces basic concepts of Pinterest social media

Introduction to Finance

This quiz test introductory finance topics.

Marketing Management Philosophies Quiz

A test on how well a student understands the basic assumptions of marketers on buyers that will form a basis of their marketing strategies.

View More Free Quizzes
Related BrainMass Solutions

  • Effect of culture on strategy

    First of all, the vision, mission and philosophy impact the development of the organizational culture. Further, top management's working styles, leadership skills and managerial practices also affect development of organizational culture.

  • External agency assistance in developing effective marketing

    Marketing activities such as brand building, copyrighting, marketing materials development, lead generation and graphic design are some of the activities in the marketing implementation strategy that must convey the same message and consider the target

  • Alignment of Selected Implementation Strategies

    In concern to this, the company should firstly implement the research based development strategy, and after that merger & acquisition and innovative product portfolio.

  • Support Strategies in implementing a new Technology

    //Before writing about the development and implementation of any new technology, we have to understand the meaning of supporting strategy.

  • Product Devlopment Process Steps/Challenges

    the greatest challenge from a marketing perspective (other than the marketing strategy development step).

  • Strategic Management - Art or Science

    . // Strategy Formulation versus Strategy Implementation Strategy formulation is defined as the development of long term plans for managing the environmental opportunities and threats, in perspective of the organizational strengths and weaknesses

  • B2B e-commerce strategy and implementation

    164495 B2B e-commerce strategy and implementation Topic: "BHP Billiton - Steel Division: B2B e-commerce strategy and implementation", a case study written by Caroline Chan (Reading 1).

  • proposed project strategy to the implementation phase

    //Above we discussed to implementation of the strategy. It is importance to get the knowledge related to different objectives and faces of strategy implementation for the smooth functioning of the organization.

  • Effective Implementation of Organizational Development Strategies

    Effective implementation of and organizational development strategy is dependent on the organization's ability to define and solve its own problems. This is known as action research.

View More Related Solutions