The Organization Of Tomorrow
...With the constant evolution of technology and ever changing consumer preferences it takes an organization tremendous effort to remain competitive. In order for an organization to stand the test of time there are three questions that always have to be answered "Where are we now? Where do we want to go? And how do we reach our goals? (Thompson, Pg 3) Answering these three questions effectively is the start of something good but it takes much more than having a plan. In order for a Corporation to be considered as an Organization of tomorrow it must develop a true strategic thinking process, be mindful of environments, technological changes, patterns and themes, and possess a strong employee environment.
To begin, there is little to be gained from developing a plan but a tremendous amount of momentum can gained from a well thought out strategic plan as well as the implementation of the plan. Strategic thinking helps an organization meet head on the challenge of building strategy. It helps an organization apply the latest strategic insights and approaches and accurately assess the competition in an industry.(Receiving an Executive Education, Pg 1) In addition, well thought out strategies followed by strong implementation can help make organizations more competitive and better equipped to deal with change within an industry. Strategic thinking examines a variety of options for growth, including alliances, acquisitions, and internal corporate ventures. These types of options for growth helps organizations do things such as get into critical markets quickly, accelerate the process of building a potent global market presence and gain inside knowledge about unfamiliar markets and cultures. Furthermore, alliances, acquisitions, and internal corporate ventures help an organization access valuable skills and core competencies as well as master new...
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