STRATEGIC MANAGEMENT

Vishnu Priyan L
205SM024

Assignment-1

1. Organizations can be viewed in five different ways- as legal entities,

economic factors, accumulation of knowledge and learning, bundles of
resources, and collections of people. Which of the five views of
organizations is the most important for the strategic manager? Which is
the least important -and why?
The most important view of an organization from the eyes of a strategic
manager should be bundles of resources.
• Resources can be used very well in the strategic planning and the
resources can be made use of in numerous ways to make sure the
goal of the organization is achieved.
• The resource of an organization generally consists of human
resource, financial resource, physical resource and information
resource.
• All these resources must be considered while making a strategic plan
and without use any of these resources, the organization won't be
seen to make a progress in achieving its long-term goal.
The least important would be organization as collection of people.
• If a strategic manager sees an organization as a collection of people,
all that can be done is only evaluation of those people and assigning
the tasks accordingly.
• But the job of a strategic manager is something more than that, i.e.,
to make sure that the organization achieves it's long-term goal.
• Though an organization as collection of people is good point of view,
it can't be very much stressed on from the eyes of a strategic
manager.
2. How can employee’s involvement be enhanced in the Strategic
Management Process? Provide at least two examples?

Employee participation has numerous advantages that can be

realised once it is adopted and implemented in a company. The strategic
management process is divided into seven steps:
1. Create vision and values
2. Create the mission and goals
3. Create teams
4. Determine action plans
5. Check in on employees' progress
6. Provide quarterly updates and celebrate
7. Create initiatives and employee motivation
We can use achieving business goals as an example. Employees can
visualize the business's objective and perform hard to achieve it when
they are more involved in learning how vital their job is through various
feedback channels. The greatest strategy to achieve objectives is to
ensure that all employees have the same vision for the company's
objectives. Employee motivation is vital for greater performance as well
as achieving a goal. Motivation instils in us the belief that we can
accomplish something on our own. Motivating people includes things
like respecting their feedback, rewarding them according to their
performance, and promoting them, as well as open communication
between employees and management, all of which contribute to
employee motivation. Employees can perform better only if they are
more motivated.