Addressing the issue above would be an abstract matter to those who might have not come to any school of studies in strategic management or crafting and executing strategy. Despite of these situations, everybody must have undergoes the process of strategic thinking and executing strategy thinking in their daily life.
In most people it is only a thinking process and does not requires any proper planning, studying and it is only a mind process matter. Unlike to those who went to business schools in any universities would be able to restructure, organize and place all the knowledge of strategic planning and strategic executions into a right flow or sequence. This capabilities of putting all this thinking and planning process with the addition of activities such as analysis shall contribute to an effective strategic planning and strategic execution. According to Thomson, “Business strategy comes in a flow of strategic process of which starts with setting goals, setting vision, selecting the best strategy, execution with monitoring, control and corrective action. It is not strategy alone but it is affiliated with finance, marketing, human resources and administrative part (Thomson, 2013).
To make it more effective the monitoring, control and evaluating the performance will definitely induce a high yield of effects. For that reason only those who read, learned, understand and exercise the strategic processes will only benefit from it.
Assignment Question:
What do you understand about business strategy flow process mentioned by Thomson? Explain each of the flow process and relate to you current organization. Do your organization practiced this flow process and if not provide a proposal.
Words count: 2500 – 3000 word
Language: English or Bahasa Malaysia
Spacing: 1.5
Font 12; Times new roman
Submission: week 5
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