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explain how a understanding of an organization's strategic alternatives provides structure for strategic thinking

explain how a understanding of an organization's strategic alternatives provides structure for strategic thinking

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Answer #1

A structure can be made by an organization in context of strategic thinking by making various kinds of strategies related to an industry/ market/ specific product:

  • Long-term, simple and agreed objectives
  • Profound understanding of the competitive environment of your products/ markets/ geography
  • Do the correct Objective appraisal of your company’s resources
  • Overall plan for deploying resources to establish a favorable position
  • Develop and devise Tactics for specific schemes for specific maneuvers
  • Use multiple decision makers for responding to multitude of external and internal forces to move the company in right direction
  • Create consistency and unity
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