To promote development, various strategies have been implemented within organizations. Organizational strategies are actions taken by a company or business to attain the long-term goals and objectives. Short-term goals are hence developed to promote an effective strategy within the entire organization. Some of the elements in the organizational strategy include facilities, equipment, and people. The strategy also illustrates how an organization plan to utilize resources hence accomplishing the long term goals. The steps entailed while creating the best strategy are, understanding the current position of the organization, reflecting on how they go there, analyzing the strengths and weaknesses, analyzing the business environment, identifying and evaluating strategic options, setting the objectives, communicating the strategy, implementing the strategy, and reviewing the progress.
Some of the various strategies implemented by organizations are product differentiation, quality production, price skimming, product diversification, acquisition strategy, and technology involvement. Product differentiation entails the production of products and services with unique characteristics and generates high value for the clients. One of the most common ways used to differentiate products is different packaging and branding. It enables organizations to gain a competitive advantage over their competitors. Some organizations have also promoted quality production to meet and surpass clients’ expectations and needs. It hence increases the demand for the company’s products and services, leading to development.
Price skimming entails charging higher prices for a product or services during the introductory period. Small organizations implement this strategy to recover production and advertising cost quickly. Moreover, for the strategy to work, the product must have unique features. For instance, an organization may be selling a new brand of solar panel; hence clients may pay the execrated prices. However, the methodology attracts competition at a higher rate since competitors would want to generate similar products and acquire such profits. Acquisition strategy entails buying other organizations, or multiple firms in the product line. For example, an organization producing fresh juices may purchase a comparable fresh juice chain in other regions to enlarge the operations. It hence enables organizations to meet their long-term goals. Moreover, the strategy works for organizations with extra capital.
Product diversification entails the expansion of a product’s primary market. It is mainly used to upsurge the sales associated with a particular product line. It is very useful for organizations that have been experiencing declining sales. Some of the methods used in product diversification include repackaging, renaming, resizing, repricing, and product extensions. It also increases sales within an organization hence enabling it to meet the long-term objectives. Some organizations have also implemented technology in their processes hence minimizing the production cost and promoting quality production. Hence, it enables it to sell the products at lower prices compared to the prices of the competitors. They are hence able to meet their long-term goals.
Changes.
With the advancement of technology and changes in business environments, most organizations have changed their normal operations to keep up with their competitors. Organizational change is hence the movement of an enterprise from a particular state to another. The change may take place in, strategy, policies, organization’s structure, procedures, and technology. The change may be radical and swiftly affect how an organization operates or may be progressive and slow. It entails getting lead of the old ways and implementing or adjusting to the new ways.
Moreover, the change process may entail a lot of resistance from the various stakeholders within the organization. To reduce resistance, employees may be involved in the change process. Planning is also involved in accessing the need for change in the organization.
To promote continued development within the organization, managers must analyze all the factors which may trigger change. In most cases, the internal and external environment factors do lead to change within organizations. Some of the external environment factors include political, social, technology, and economic factors that promote change. Some of the internal environment factors include changes in the organization’s management policies, systems, procedures, and employee attitudes. To promote an effective change within the organization, the administration should implement the following steps, creating a sense of urgency, building a guiding coalition, creating a strategic vision, elaborating the vision, eliminating all the barriers, creating temporary wins, sustaining progress, and instituting change. Under the change, organizations should implement the stage theory of organizational change. It is based on the idea that organizations go through various stages as they change. It also illustrates that the implementation of innovation promotes efficiency.
Skills and Abilities.
Self-management skills enable managers to solve any issue within the organization and to promote efficiency and development. It acts as the backup for leaders in the management position. Some of the skills that I have are stress management, time management, organizational skills, problem-solving, decision-making, confidence, and accountability. My ability to proactively manage the workplace stressors has enabled me to remain calm on the job. It has enabled me to focus on my goals and make steady progress within the organization. I will apply my stress management skills to handle all stressors within the organization calmly. Accountability skills will also enable me to take personal ownership of my actions and thoughts. The skills will also enable me to evaluate my work effectively hence determining the best way to proceed.
Time management skills will enable me to prioritize my activities within the organization. I will also utilize to eliminate waste and redundancy from work, thus leading to development within the organization. Time management skills will also enable me to convey with my team and organize shared information. I will implement the organization skills to effectively manage all processes within the organization hence promoting quality production. Problem-solving skills will enable me to handle any complex issues within the organization, thus leading to development. Decision-making skills will enable me to make informed decisions regarding various issues in the organization. Lastly, confidence will enable me to invoke trust among the employees. It will hence lead to development within the organization.
Application of Theory.
To implement the above issues, organizations should implement various theories such as the system management theory, administrative theory, stage theory of organizational change, and skills theory of leadership. The skills theory illustrates that leaders must have certain skills and abilities to promote effective leadership. Some of the skills illustrated are technical, human, and conceptual theory. Organizations should hence analyze the skills of every employee before recruiting them. The system management theory indicates that employees are the most vital components of an organization. Under application, organizations should meet their employee’s interests and needs.
Administrative theory illustrates that management is governed by various management principles such as coordinating, training, organizing, centralization, and planning. Organizations should hence observe all the management principles while applying the theory. Stage theory of organizational change indicates that organizations should implement innovation while making changes. Innovation promotes efficiency and development; thus, organizations should implement it while applying the theory.
Recommendations.
Organizations should create functional departments to promote quality production since every employee would be scheduled based on his/her skills. They should also implement an organizational structure based on their functions and size. For instance, the functional structure will be best suited for small and medium organizations. Organizations should also implement better strategies that will enable them to accomplish their long-term goals. They should also employ skilled employees who will enable them to accomplish their objectives. Organizations should also implement better strategies to adjust to changes. Lastly, organizations should observe and implement all theories in their management.
Conclusion.
In summation, all organizations should observe the above key areas. The discussion has illustrated more about functional areas in an organization, organizational structures, various strategies, skills, and abilities of leaders, various theories, and changes. They are all key areas within an organization; hence they should be observed. Organizations should also implement strategies that best suit their operations and long-term objectives. Lastly, the theories should also be applied and implemented to enhance development and growth.