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STRATEGIESAREROOTSOFANYBUSINESS|BESTBUSINESSPLAN–VENTURECARESTRATEGIESAREROOTSOFANYBUSINESS|BESTBUSINESSPLAN–VENTURECARE admin[Typethecompanyname][Pickthedate]
“STRATEGIESAREROOTSOFANYBUSINESS,PLANSARESTEMSANDBRANCHESAND“STRATEGIESAREROOTSOFANYBUSINESS,PLANSARESTEMSANDBRANCHESAND GROWTHISFRUIT”. Therearemanyareaswherebusinessstrategiescanbeimplemented: Productstrategies Marketingstrategies Growthstrategies Financialstrategies R&Dstrategies Servicestrategies HRstrategiesandmanymore 1.FrameworkForOperationalplanning Strategiesprovidetheframeworkforplansbychannelingoperatingdecisionsandoftenpre-decidingthem.Ifstrategiesaredevelopedcarefullyandunderstoodproperlybymanagers,they providemoreconsistentframeworkforoperationalplanning.Ifthisconsistencyexistsandapplied,therewouldbedeploymentoforganizationalresourcesinthoseareaswheretheyfindbeeruse. Strategiesdefinethebusinessareabothintermsofcustomersandgeographicalareasserved.Beerthedefinitionoftheseareas,beerwillbethedeploymentofresources.Forexample,ifan organizationhassetthatitwillintroducenewproductsinthemarket,itwillallocatemoreresourcestoresearchanddevelopmentactivity,whichisreflectedinbudgetpreparation. 2.ClarityinDirectionofActivity Strategiesfocusondirectionofactivitiesbyspecifyingwhatactivityaretobeundertakenforachievingorganizationalobjectives.Theymaketheorganizationobjectivesmoreclearandspecific.Forexample,abusinessorganizationmaydefineitsobjectiveasprofitearningoranon-businessorganizationmaydefineitsobjectiveassocialobjective.Butthesedefinitionaretoobroadandevenvagueforputtingthemintooperation.Theyarebeerspelledbystrategies,whichfocusonoperationalobjectivesandmakethemmorepractical.Forexample,strategieswillprovidehowprofitobjectivecanbesharplydefinedintermsofhowmuchprofitsistobeearnedandwhatresourcesOfhowmuchprofitistobeearnedandwhatresourceswillberequiredforthat.Whenobjectivesarespelledoutintheseterms,theyprovidecleardirectiontoper-sonsinthe organizationresponsibleforimplementvariouscoursesofaction.Mostpeopleperformbeeriftheyknowclearlywhattheyareexpectedtodoandwheretheirorganizationisgoing. 3.IncreaseOrganizationalEffectiveness Strategiesensureorganizationaleffectivenessinseveralways.Theconceptofeffectivenessisthattheorganizationisabletoachieveitsobjectiveswithinthegivenresources.Thus,foreffectiveness, itisnotonlynecessarythatresourcesareputtothebestoftheirefficiencybutalsothattheyare putinawaywhichensurestheirmaximumcontributiontoorganizationalobjectives.Infact,takingstrategicmanagement,whichstatestheobjectiveoftheorganizationinthecontextofgivenresources,candothis.Therefore,eachresourceoftheorganizationhasaspecificuseataparticularme.Thus,strategiesensurethatresourcesareputinactioninawayinwhichthesehavebeenspecified.Ifthisisdone,organizationwillachieveeffectiveness. 4.PersonnelSatisfaction Strategiescontributetowardsorganizationeffectivenessbyprovidingsatisfactiontothepersonneloftheorganization.Inorganizationwhereformalstrategicmanagementprocessisfollowed,people aremoresatisfiedbydefiniteprescriptionoftheirrolestherebyreducingroleconflictandrole
ambiguity.Ifthedecisionsaresystematizedintheorganization,everyoneknowshowtoproceed,howtocontributetowardsorganizationalobjectives,wheretheinformationmaybeavailable,whocanmakedecisions,andsoon.Suchclaritywillbringeffectivenessattheindividuallevelandconsequentlyatorganizationallevel.Strategiesprovideallthesethingsintheorganizationthroughwhicheverythingismadecrystalclear.ambiguity.Ifthedecisionsaresystematizedintheorganization,everyoneknowshowtoproceed,howtocontributetowardsorganizationalobjectives,wheretheinformationmaybeavailable,whocanmakedecisions,andsoon.Suchclaritywillbringeffectivenessattheindividuallevelandconsequentlyatorganizationallevel.Strategiesprovideallthesethingsintheorganizationthroughwhicheverythingismadecrystalclear. Toconclude,“Withoutastrategytheorganizationislikeashipwithoutarudder,goingaroundincircles.Itislikeatramp;ithasnoplacetogo.”Theyascribemostbusinessfailurestolackofstrategy,orthewrongstrategy,orlackofimplementationofareasonablygoodstrategy.Theyconcludefromtheirstudythatwithoutappropriatestrategyeffectivelyimplemented,failureisamaerofme. ContactUsourourguidancewillshowyouhowtostartanonlinebusiness.
ContactUs: HeadOffice(India) Sr.No-29,Ajikyatara,kalaniketan,VentureCare Bank,3031AVRotterdam,(NL) Pune,Maharashtra411043(IN) Phone:(020)-65363633 VentureCareBranchOffice(Netherlands) Dhankawadi,NearRajshriShahuJonkerFransstraat46, Phone:+31614575275