Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

A good strategy doesn't just draw on existing strength; it creates strength through the coherence of its design (Rumelt, 2011, pg 9). Setting a company

A good strategy doesn't just draw on existing strength; it creates strength through the coherence of its design" (Rumelt, 2011, pg 9). Setting a company in a direction that will lead to positive results has many roads but should all lead to the desired final destination. Rather than overanalyzing every method available, some consideration should be placed on a few essentials. Establishing the basics to be first on the list and knowing the mission, understanding the vision, and preserving core values is a good starting point. Most business process development focuses on improving or replacing existing processes. Yet experience teaches us that it is often the processes that we don't have for activities we need to be doing offer the most significant potential (Mitchell & Bruckner, 2004). Finally, the company's direction must be directly tied to an ethical, moral compass that serves as a guideline when establishing an organization's strategic goals

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Project Management A Systems Approach To Planning Scheduling And Controlling

Authors: Harold Kerzner

13th Edition

1119805376, 978-1119805373

More Books

Students also viewed these General Management questions

Question

List f our sourc es of c onflict. (p. 3 62)

Answered: 1 week ago