Exhibit 2.7 shows that there are better and more flexible methods that can be used by managers to develop a strategy. The plans based on this exhibit give more effective results compared to the former strategy, which appears to be static and rigid. Initially, top executives would provide employees with a specific strategy that could be followed to the letter, and mostly, the strategy would fail in case of any external changes. Also, managers are compelled to consider future changes that are likely to impact the company. Exhibit 2.7 shows that there are better and more flexible methods that can be used by managers to develop a strategy. The plans based on this exhibit give more effective results compared to the former strategy, which appears to be static and rigid. Initially, top executives would provide employees with a specific strategy that could be followed to the letter, and mostly the strategy would fail in case of any external changes. Also, managers are compelled to consider future changes that are likely to contribute to the existing strategy’s failure. Creating a room to accommodate unexpected changes affecting the strategy would limit the company from experience unforeseen losses and problems.
It is indeed evident that this model implies that strategic managers should be prepared to change strategy as frequently as environmental conditions demand. It is essential to acknowledge that there is a wide variation of the unpredictable factors that are likely to shake the company, creating a need for a highly flexible strategy. However, companies with a strategic plan can cope with the current changes in the contemporary business environment, as shown by this model. A strategic leader needs to consider the time available to make changes, the available alternatives, organizational perspective, and the focus area based on the available strategy. Generally, a flexible strategy would allow the business to operate effectively in unpredictable environments that are likely to contribute to the existing strategy’s failure. Creating a room to accommodate unexpected changes affecting the strategy would limit the company from experience unforeseen losses and problems.
It is indeed evident that this model implies that strategic managers should be prepared to change strategy as frequently as environmental conditions demand. It is essential to acknowledge that there is a wide variation of the unpredictable factors that are likely to shake the company, creating a need for a highly flexible strategy. However, companies with a strategic plan can cope with the current changes in the contemporary business environment, as shown by this model. A strategic leader needs to consider the time available to make changes, the available alternatives, organizational perspective, and the focus area based on the available strategy. Generally, a flexible strategy would allow the business to operate effectively in unpredictable environments.