Saturday, October 19, 2019
Strategy Adopted by an Organization Is a Consequence of the Match Essay
Strategy Adopted by an Organization Is a Consequence of the Match between the Organizations External Relationships and its Internal Capabilities - Essay Example The researcher states that a mismatch between the internal capability of an organization and its strategies may to some extent contribute to less than optimal output and input ration in an organization. The accessible research findings have confirmed the existence of a very close relationship between an organizationââ¬â¢s internal capabilities, the organizationââ¬â¢s strategies, and the organizationââ¬â¢s external relationships. In most cases, organizations that have the ability to balance between their internal capabilities and their strategies have competitive advantages over institutions that formulate their policies without considering their internal strengths and weaknesses. As a result, the analysis of the companyââ¬â¢s internal liabilities, resources, weaknesses, and strengths are essential in the strategy formulation process. Sufficient examination of strengths, weaknesses, opportunities, and threats facing the business is as exceptionally decisive in devising the organizationââ¬â¢s strategy. The objective of a strategy should be based on the companyââ¬â¢s weaknesses and strengths. In planning for the organization strategy, the strategists should also consider the institutionââ¬â¢s entrepreneurial problems and administrative problems. In most cases, strategies and organizationââ¬â¢s internal capabilities reinforce each other in the success of an organization. A successful organization selects management systems that are in line with its strategies. Moreover, entities with several adjustment levels employ different strategies to match with their internal capabilities. As a result, business entities that have high-level of adjustments reveal organic structures and prospectors plan while business entities with low-level adjustment use mechanistic structures and defender strategies. In most cases, organizations strategists identify a unique approach to its marketplace before structuring an organization strategy that fits the identifi ed market approach.
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