Strategy Essay Example for Free

Strategy Essay The word strategy is derived from an ancient Greek word that means to guide or to move. For almost 40 years strategic planning is used as a formalized business process. However, majority of organizations still does not know how to do strategic planning effectively. Because of which most strategic plans fails to accomplish what it was developed for and have no effect on organization and its operations. Due to the recent studies and researches made, awareness has been created among large as well as small organizations towards the development of strategy for effectively achieving the objectives. Strategy is developed to formulate, implement and evaluate the decisions, which enables the organization to achieve its objectives. The success of companies such as Yahoo, eBay and Google are the example of pursuing a clear positioning-based or resource-based strategy with conviction and excelled by changing to keep in tune with the demands of shifting markets and flourishing despite of operating in markets previously considered difficult. The success of the above mentioned organizations also emphasized the need to develop a sound strategy in order to survive in the competitive business environment today. Strategy making determines the long term goals and objectives of the organization and adoption of a course of action to efffectively allocate the resources to achieve such goals and objective. In order to make this process of strategic development smooth and effective the commitment from highest organizational hierarchy is required and also the strategic-planning team should be composed of top-level managers who can represent the interests, concerns and opinion of all member of the organization. Failure to obtain senior management involved right from the start may lead to failure to obtain sufficient company resources for accomplishing task. It is strategy that enables a company to reach its maximum potential by adapting with its environment effectively and answers the three basic questions that every organization faces: What to do? For whom to do? How to do? The answer to above three questions are determined by a three phased strategy development process which involves assessment of situation, setting organization’s objectives and planning the details to achieve the objectives. Assessment involves performance of both external and internal situational analysis, self evaluation and competitor analysis at micro-environmental and macro-environmental level. All business decisions taken are based on organizational and personal values, therefore the strategy should be developed after analysing the organizational and personal values. It allows the strategy development team to have a broader view of organization and its functioning and also includes the analysis of organization’s structure and culture, operating philosophy , personal and organizational values and stake holders. This value assessment is also important because if the strategy plan is not based on the functioning of organization and any party in the organization feels that their values have been neglected they will not adopt the strategy and thus the potential benefits will not be obtained. Moreover, at this phase, an indept analysis of organization’s internal strengths and weaknesses alongwith the external opportunities and threats are made, which is also known as swot analysis. Understanding of strengths and weaknesses of organization’s resources allows the development team allocate the resources effectively and effeciently and enables them to strengthen the organizations resource base for future. Within the organization there are many key areas that need to be analyzed and addressed. It includes the identification of existing line of business as well as the unused resources, effectiveness of controls over the operations. The external investigation should be made towards current and future state of affairs of the competitors, suppliers, markets and customers, economic trends and regulatory bodies. Furthermore, analysis of competitors will enable the strategy development team to define the basis on which business will compete. Such competition depends on company’s capabilities, strengths, and weaknesses in market as compared to that of their competitors. According to Michael Porter, a Harvard Business School professor, competition within an industry is driven by five basic factors such as: Threat of new entrants that probably reduces the high profits, Threat of substitute products or services that can reduce the demand of the organizations product significantly, Bargaining power of suppliers can increase the cost of production, Bargaining power of buyers may force the organization to cut down the prices to maintain their market share and Rivalry among existing firms may result in wastage of resources. Porter also indicates that, in response to these five factors, competitive strategy can take one of the three generic forms: Focus, Differentiation and Cost leadership. The reason why strategic plans fail at this stage is failure of strategy development team to understand their customers that what their needs are and the reason why they buy and inadequate marketing research. Another reason for such failure is the inability of strategy development team or management to predict their competitor’s counter strategies such as price wars and fighting brands and actions taken by government in such circumstances [5]. The second phase of the strategy development process involves the setting of goals and objectives for the organization. Goals are the desired future state of organization , which are derived from from the vision and mission statements and are consistent with oranizational culture, ethics and regulatory requirements. Goals are quantifiable and are to be achieved within a specified time period, there should be no confusions regarding the goals and ideally there should be one well defined goal. Objectives are the short term intermediate/secondary goals that are achieved in order to achieve the primary goals. In order to set the objectives effectively objectives are needed to be categorized, prioritized, balanced, limited, quantified and must be challenging and attainable as well. In order to clarify what the management targets are strategy development team will categorize the objectives and targets will be based on the categories made. Some broad categories where an organization wishes to set their business strategy could be: Financial, Operations, Sales and Marketing, Human resource, Community. Financial objective may be set to measure profitability like: gross profit, operating profits or return on investments. Operational objectives might measure efficiency, productivity or cost reductions [7]. Sales and Marketing objectives may be in terms of sales volume, sales growth or market share. Human resource objectives might be the measure of employee benefits, employee satisfaction or employee turnover. Finallly the social or community objective might be the compliance with laws rearding environmental hazards, equal opportunity employment. The order in which managers generally prioritize their objectives is based on the hierarchy of objectives, that is it is the order in which they care about things. It is this behaviour that causes goal conflict between two different departments within an organization [12]. For example sales department want to maximize their profit and the usually achieve their targets by raising prices which is in conflict to the objectives of production department, therefore strategy development team must consider the objectives which are confliccting in nature and involve senior management of all departments in order to minimize goal conflict. There should be balance in setting goals, if more attention is given to particular areas only there will be a problem when communicating goals to people in organization. Those who are not considered in the objectives will be less motivated and for successful achievement of objectives efforts of all the people in organization is required. strategy development team should consider gaining the commitment of employees who might otherwise ask about their benefit. Further more, care is required for not setting to many objectives and quantification. Setting many objective results in wasting time when setting such many objectives and also shifts focus away from high prirority targets, which results in loss of resources. Objectives should be quantified, that is when objectives are accomplished it should be measurable in order to know whether they are successfully accomplished. More importantly, it should be clear to every one that how much effort is required which is measured when targets are achieved [3]. Quantifying objectives depends on the category of the objective, that is Financial, Sales and Marketing objectives are the easiest to quantify. Whereas, quantifying customer satisfaction is not possible in many cases although number of complaints can be counted or total defective products can be measured [14]. Finally, objective should be challenging and, at the same time, attainable. Strategy development team must know the capabilities of employees of the organization and this fact must be considered when objective is given to them. People in organization should understand that accomplishment of the objective requires that it should be done but such objective should be achievable. During this phase strategy plans fails because of over estimation of resource competence that the staff and other resources were unable to handle the new strategy or the required level of managerial skills were not developed. Coordination failure due to inadequate reporting or rigid organization structure is another reason for such failure. Another problem is failure to obtain employee commitment, when strategies are not properly explained to them or new strategy lack incentives given to the customer. The final phase is the implementation of strategic plan after which it is put to work for an organization. The success of the plan is the support of every member of the organization, which is possible due to the involvement of senior management from the beginning of strategy development process [4]. After acceptance, implementation of the strategic plan into daily activities increases the chances that others will do the same. Strategic plan can be implemented by allocating sufficient resources in the form of financial support, support should also be provided by the higher management personnel in the form of provision of company’s resources that are necessary, proper technical and technological support should be given for successful implementation of the developed strategy. Structure of the organization should be in accordance with the strategy that is; either there could be chain of command or cross-functional teams in the organization. Resposibilities should be assigned only to the individuals or groups that are qualified for that particular task or process. Each and every process should be controlled effectively which includes monitoring of results, comparing the results with the organization’s as well as industry standards, effective and efficient use of resources must be evaluated and required adjustments should be made to the processes in order to contol the variances. One tool available for this purpose is making GAP analysis to to identify the methods for closing the performance gap (variations). Such analysis must be done, without making it much complicated, by simply investigating the differences in achieved results and the the desired results. Feasibility of removing the deviations can be made by evaluating the answers of two questions that what is required to be done and what is not required to be done [8]. Thus for implementing such programs, required resources must be acquired, there should be proper process development and training anlog with their testing and documentation. One another way to successfully implement the strategic plan is advertising. The more the employees hear about the plan, its element and success along with the plan, the greater will be the possibility of adopting it as a part of daily work. It became more significant if the benefits offered are measurable [6]. A sound strategy development process should also prepare a contingency plan and the reason for such planning is to make a reactionary plan for unanticipated high impact events† [2]. Contingency plan identifies the indication that calls for the need to reevaluate the applicability and effectiveness of current strategy. In such events high level of monitoring must be and immediate action should be taken. The reason why strategic plans collapse is a definite redirection from the initial plan, primarily because, as the time passes by there is a major change in direction from the one, which was set at the initiation stage. Since the implementation is a key to proper supervision, not tracking the progress of plan and no accountability on non-compliance is another reason for such failure. One other reason of not successfully implementing the plan is failure to manage change, as strategy development team did not do proper planning, as there may be inadequate understanding of internal resistance to change and failure to understand the relationship between processes, technology and organization. Not making the contingency plan is also another reason for the failure to successful achievement of objective because; in case of unforeseen circumstances no body will be able to run the alternative procedures, which would have been available if contingency planning was done. In short strategy is developed to achieve the organization’s objective by formulating and implementing decisions. Strategy determines the long term objectives and goals and also allocates the resources more effectively. Involvement of senior management make process of strategy making more effective and smooth. Strategy making not only considers the three basic questions regarding the operations of organization but also give answer to these question. Strategy development process is a three phased process in which first the assessment of situation is made considering the environmental, internal and external challenges, then setting objectives by keeping in view the assessed circumstances and the requirements and then finally ways in which such objectives can be achieved by implementing the plans made by strategy department.

Mary Shelleys Frankenstein and Modern Day Implications Essay -- Franke

Mary Shelley's Frankenstein and Modern Day Implications Over two centuries ago, Mary Shelley created a gruesome tale of the horrific ramifications that result when man over steps his bounds and manipulates nature. In her classic tale, Frankenstein, Shelley weaves together the terrifying implications of a young scientist playing God and creating life, only to be haunted for the duration of his life by the monster of his own sordid creation. Reading Shelley in the context of present technologically advanced times, her tale of monstrous creation provides a very gruesome caution. For today, it is not merely a human being the sciences are lusting blindly to bring to life, as was the deranged quest of Victor Frankenstein, but rather to generate something potentially even more dangerous and horrifying with implications that could endanger the entire world and human population. Few things are more powerful than the human mind or human intelligence. This ability to think, learn and process complex thoughts has been the driving force that has allowed for the immense growth of human culture and society, without which it is doubtful we would have ever had the capacity to evolve from our basic animal existence. As fantastic as this quality may be, our intellectual growth has not always spawned ideas that produce sound and safe results. Victor Frankenstein, although a fictitious character, provides a superb example of the vast potentiality of human intelligence and the morbid destruction that it can create. For very real examples, one need only read the headlines of the newspaper to find a multitude of malicious and perverse atrocities that occur each day due to the human mind and "intelligence" gone haywire. This is why, in light of t... ...eal when we are taking the power of our minds and placing it into machines that have the ability to act in ways that exceed our own abilities. We are blinded by the seemingly beneficial qualities of this growing technology, naively becoming more and more dependent upon this very powerful creation. One need only remember the gruesome tale Shelley brought forth in Frankenstein to realize the horrendous mistake we could very well be making. Just as Victor realized too late that he had given life to a true monster, our world could suffer the same fate as we watch our "AI children" manifest into monsters that we no longer have control of. Works and Sources Cited Shelley, Mary. Frankenstein: Or The Modern Prometheus. New York: Signet Classic, 2000. ThinkQuest. Applicatio ns: Essays on the use of AI. (7 Oct. 2002). ThinkQuest. The History of AI. (7 Oct. 2002).

Unconventional Medical Approaches

Overview of Complementary, Alternative and Integrative Medicines Aside from the conventional medical practice, there are also complementary medicine together with alternative and integrative medicines that can help the suffering individual alleviate their pains and health problems.The National Center for Complementary and Alternative Medicine (NCCAM), National Institutes of Health has defined complementary and alternative medicine (CAM) as â€Å"a group of diverse health care and medical systems, practices and products that are not presently considered to be part of the conventional medicine† (House Select, 2006 p.10). It is very important to note, however, that Complementary medicine alone is very distinct from alternative medicine alone. According to the NCCAM: Complementary medicine is applied jointly with the conventional medicine such as the use of aromatherapy in reducing the patient's pain after undergoing a surgery while alternative medicine is applied as a substitute for conventional medicine such as the use of special diet to treat cancer instead of following the physician’s recommendation to undergo surgery or chemotherapy.Integrative medicine, on the other side, is a combined â€Å"mainstream medical therapies and CAM therapies for which there is some high-quality scientific evidence of safety and effectiveness. † (What is CAM? , 2007). II. How CAM Flourished in the United States? Due to beliefs by some millions of Americans that conventional medicine alone is not enough, CAM has gained its footing in the United States (U. S)Aside from this reason, it was found out, through the survey conducted in 2002 by Advance Data From Vital and Health Statistics, that the growth in CAM usage among Americans are attributed to one or more of the following factors: marketing forces, on-line information availability, patients’ desire to be actively involved with their medical and health decision making, and patients’ general dissa tisfaction with the conventional medical applications (Barnes, P. , E. Powell-Griner, K. McFann, and R. Nahin, 2004, p. 1) With these identified growth and popularity factors for CAM, the survey has identified major reasons for such usage.

Autism Spectrum Disorder ( Asd ) - 1444 Words

Autism Spectrum Disorder Dustin S. Staats University of Central Oklahoma â€Å"Autism Spectrum Disorder (ASD) formerly known as just Autism, is a disorder that affects about 1 in 68 children here in the United States.† (Facts about ASD) This is a pretty high prevalence and the number is continuing to rise. â€Å"Autism is a developmental disability that can cause significant impairments in behavioral, communication, and social aspects of everyday life.†(Facts about ASD). The intellectual functioning of individuals with ASD is among one of the biggest of all disabilities. The range can occur from moderate intellectual disabilities all the way up to super genius levels. However, most students function at average intelligence in all academic areas except for reading and math. The reason the name switch form Autism to ASD occurred is that now according to the DSM-V Asperger’s Syndrome and Pervasive Developmental Disorder Not Otherwise Specified (PDD-NOS) are now disabilities that fall into the spectrum that is ASD. Diagnosis of Autism can be determined at age 2 with high reliability, but is not often discovered until the individual reaches school age and begins to fall behind their peers. It is critical that a parent goes and gets their child screened for developmental disabilities at the doctor at least every 9 months during their few first years of life, so that if they do have a disability early intervention strategies can be employed. ASD occurs in every racial and ethnic group,Show MoreRelatedAutism Spectrum Disorder ( Asd )1722 Words   |  7 Pagesin every sixty-eight births are diagnosed with the Autism spectrum disorder in other words (ASD), which is about one percent of the world’s population. And that more than three point five million people in America live with a person who has the Autism spectrum disorder. We all know that Autism is a spectrum disorder in which an abnormality is developed in the brain. It is a long life condition that has no cure for itself. People who have Autism face many di fficulties in their communication and theirRead MoreAutism Spectrum Disorder ( Asd )1441 Words   |  6 PagesIntroduction Autism spectrum disorder (ASD) is a hereditary neurodevelopmental disorder. Like many other psychological disorders, it is commonly misunderstood in popular culture. Many allude to it casually, often equating it with crippling social awkwardness and disability when it is in fact a spectrum disorder with many degrees of severity. It is somewhat of an enigma within the scientific community as well; there are many things we do not know about ASD and there is ongoing research to learn moreRead MoreAutism Spectrum Disorder ( Asd )1535 Words   |  7 PagesHow Autism Influences the Interactions with Others There is a little boy that gets up every morning and goes to school. He goes home to his parents after school each day. He eats, sleeps, and plays just like any other child. There is one difference. He sees the world in a unique way than most other children not affected by Autism Spectrum Disorder. The boy’s life and actions are a bit different and can be challenging for him. He needs understanding parents, family members, and teachers. Autism SpectrumRead MoreAutism Spectrum Disorder ( Asd )1569 Words   |  7 Pagesdiagnoses for autism spectrum disorder (ASD) occur has seen a dramatic growth in numbers. With diagnoses for ASD increasing, more siblings are also being found to have grown up with a sister or brother with autism spectrum disorder. Previous studies have shown no consensus on whether or not siblings of persons with ASD are at risk for negative effects. However, patterns of anxiety among these siblings are being examined to see if characteristics of a child with a utism spectrum disorder and their parentsRead MoreAutism Spectrum Disorder ( Asd )1369 Words   |  6 PagesAutism Spectrum Disorder (ASD) Introduction I don t think people understand how unique children with Autism are or the demands of caring for a child with Autism is. In order to grasp the effect of this disability has on a child or their family it is important to understand the characteristics of a child living with Autism. So for you to understand I will be talking about Autism Spectrum Disorder (ASD) or Autism in a childs life. I will be talking about what autism is, the history and descriptionRead MoreAutism Spectrum Disorder ( Asd )1587 Words   |  7 Pages Topic: Autism Spectrum Disorder  (ASD) Purpose: My audience will learn the importance of recognizing early signs of Autism Spectrum Disorder in children. Thesis: It is important to understand the early signs of Autism Spectrum Disorder, and why early intervention is the best treatment. Introduction: Gain/maintain attention There is a television show I like to watch called â€Å"The Big Bang Theory, maybe some of you have seen it. This show focuses on the relationships between a group of friends, someRead MoreAutism Spectrum Disorder ( Asd ) Essay1168 Words   |  5 PagesAutism Spectrum Disorder, as defined by the National Institute of Neurological Disorders, refers to a group of complex neurodevelopment disorders characterized by repetitive and characteristic patterns of behavior and difficulties with social communication and interaction (ninds.nih.gov). Autism Spectrum Disorder (ASD) is a very complex developmental disorder and the term ‘spectrum’ was added to the original term simply known as ‘Autism’ due to the wide range of symptoms associated with the disorderRead MoreAutism Spectrum Disorder ( Asd )1852 Words   |  8 PagesThe following paper is going to cover the topic of Autism Spectrum Disorder (ASD). Using research and data collected from various authors and journalists the paper will describe the different variations of autism and discuss the impact autism has on a person- in society, at home, in the classroom, and in their careers. Beginning at infancy, autism has a major impact on not just the child but their family’s life as well. The child’s lack of ability to interpret social cues, gestures, and expressionsRead MoreAutism Spectrum Disorder ( Asd ) Essay1240 Words   |  5 PagesAutism Spectrum Disorder Autism Spectrum Disorder (ASD) is a range of conditions grouped under the neurodevelopmental disorders in the Diagnostic and Statistical Manual of Mental Disorders (DSM-5) published in 2013 (Kress Paylo, 2015). Those who are diagnosed with autism spectrum disorder must present two types of symptoms: 1) Deficits in social communication and social interaction and 2) Restricted, repetitive patterns of behavior, interests or activities (APA, 2013). The DSM-5 merged all autismRead MoreAutism Spectrum Disorder ( Asd )1285 Words   |  6 PagesIntroductions: Autism Spectrum Disorder (ASD) is defined as a lifelong developmental condition that affects, among other things, the way an individual relates to his or environment and their interaction with other people. The word ‘spectrum’ is the description of a range of difficulties that people with autism may experience and the degree to which they may be affected. Not everyone with autism have an accompanying learning disability and require continued specialist support because some people with