Different approaches to strategy development might be appropriate in Essay - 1

Different approaches to outline teaching might be subdue in different organisations - analyse ExampleThis paper will discuss how different approaches to strategy development might be appropriate in different institutions.Wherever business executives sit to deliberate on their corporate strategy, they always drive by critically examining the industry or the existing environmental conditions from which they operate in. they then follow this by examining both the strong and weak points of their competitors. With the industry and competitive aspects in scope, they then set verboten to nominate a unique strategic position that can give them an opportunity to outperform their competitors. In come in to attain such a competitive advantage, an organization has to come up with development strategies that differentiate it from separate organizations that are dealing in the same products and it does this mostly by lowering their prices. This also calls for the organization to rest ho me its value chain strategically and to come up with manufacturing, marketing, and human resources development strategies in the process. This then gives the organization room to set up its budgetary allocations for its operations (Sterman, 2000).Using the above analogy, one thing that comes out clearly is that the options that any organization has are defined by the environment under which it operates and this means that strategy is impacted by structure. It is therefore logical to conclude that an organization that sells its goods online would have a varied development strategy from another organization that has physical shops for its goods and services. This structuralist approach has been the subject of discussion for over three decades promptly and more organizations are adopting it in the new model of industrial organizational economics. According to this new paradigm, the murder of an organization is greatly dependent on how it conducts itself and this conduct is in turn gr eatly impacted by the existing