Sustainable Organization Growth and Profitability through Strategy Driven Organizational Change
What is a Strategy?
Generally, strategy refers to how - means by which - a given objective will be achieved. Strategy in the general sense is concerned with the relationships between ends and means; that is, between the results we seek and the resources at our disposal. Strategy and tactics are both concerned with formulating and then carrying out courses of action intended to attain particular objectives. Strategy is concerned with deploying the resources at your disposal whereas tactics is concerned with employing (utilizing) them.
The term "strategy" when used in everyday conversation is an overloaded concept, because most people including professional practitioners do not bother to explicitly establish their point of view into what is essentially a varied concept. Essentially, when people use the word “strategy” in a business setting, they are expressing concerns/interest in one of the following categories:
Decision makers or managers start with a given perspective, conclude that it calls for a certain position, and sets about achieving it by way of a carefully crafted plan. Over time things change; a pattern of decisions and actions marks movement from starting point to goal. This pattern of decisions and actions is called "realized" or "emergent" strategy. The actual strategy of an organization is the outcomes of the combination of executed parts of deliberate strategy and emergent strategy - "realized pattern " that was not expressly intended but emerged as a result of actions undertaken by the organization in response to environments factors.
The term "strategy" is an overloaded in everyday business conversations, because most people including professional practitioners do not bother to explicitly establish their point of view into what is essentially a layered concept that exists at least three (3) levels such as strategy, corporate strategy, and business and competitive strategy.
Essentially, when people use the word “strategy”, they are expressing concerns/interest in one of those layers i.e., general, corporate strategy, business and competitive strategy, and possibly additional layers such as “functional” strategy; and operations strategy. A strategy statement consists of an integrated set of choices related to elements from the corporate strategy, business and competitive strategy, and implementation method choices (M&A or “functional” strategy) layers.
The actual strategy of an organization is a combination of the parts of the deliberate or intended strategy that is successfully implemented and executed, and emergent strategy - "realized pattern" that was not "expressly intended" that emerged. (Mintzberg, 1994;25). It consists of the moves made and approaches taken by management to produce successful performance of the organization in successfully compete against rivals.
Strategy in a business organization is about how the organization seeks to survive and prosper within its environment over the long-term.
Functions of strategy
Strategy is a significant determinant on a company's success or failure, in addition to the significance of competence of its managerial leadership. The roles strategy plays in organization's success include:
Strategy provides an organization with an offensive device to compete against competitors and guides their actions when faced with a range of choices.
I am a computer scientist interested in modeling complex business systems, and strategic management processes to drive analysis and evaluation of strategic decision making and decisions. Specifically, I am interested in the use of modeling to improve organization managers shared understanding of strategy and its influence of organizational behavior and change. And how this understanding informs management's decisions and actions in effectively managing strategy formulation, implementation and execution,