Jean Bhea H.

Valencia

BSA 2

What needs to be involved in formulating organization strategy?

- Organization strategy is very important in competing in a market and it helps you to have
a good decision making. By designing an organizational strategy, you may identify the
necessary and provide your company direction. The very first step in developing an
organization strategy is to develop a mission statement that explains why an organization
exists, where you view the purpose of your business, and answers what your organization
wants to do, for whom, where, and to what level. It keeps you on the correct route to
success, which is why without a goal, you don't know how to relate your purpose to the
reality of the world and your market. It is also necessary to have goals while developing
organizational strategies. When we mention goals, we are referring to the desired
outcome of an organization in the future. Creating a goal allows an organization to focus
on what is most important. It clarifies priorities. Goals provide you a sense of direction
and allow you to track your progress. Goals can be short-term or long-term. Now that an
organization has a mission and goals, it must plan in order to achieve those goals, which
is what strategy is all about. Let us define goals and strategies. Goals are the list of things
that a business wishes to achieve in the future, while strategies are the plans to reach the
goals. Strategies help teams and departments create action plans and to-do lists that they
can stick to. They frequently serve as solutions to specific problems. The last step is
tactics, after a plan has been created, it's time to execute it or achieve the desired goals.
Effective strategies are necessary for a successful tactic. You can reach your aims and
goals by using effective and powerful tactics. These strategies will keep your staff from
becoming lost, help them stay focused on the future, and set your business or
organization on the right path. When creating organizational strategy, never forget that a
successful company must be adaptive.