What Really Drives A Company's Strategy? "What can be understood as the strategy of a company is more than

What Really Drives A Company’s Strategy?

“What can be understood as the strategy of a company is more than the statement of strategy as presented in company documents or written plans, but is the actual aggregation of commitments and their relationship to the realized strategy of the firm.”

Discuss the extent to which you agree or disagree with the opinion expressed above. Support your point of view with reasons and/or examples from your own experience, observations, or readings.

Expert Answer

 Organizations will have strategic plans formulated in line to the long term vision and mission of the organization. Such strategic plans of the company would have carefully devised by a team of strategy experts based on organization’s goals, and appetite for performance and growth. But, Organizational factors such as such as commitments and their relationship have huge bearance on performance and success of the organization. The workplace culture defines the values and belief system that employees have to adhere and follow in the organization and it certainly influences the type of working culture in the firm.

It is important to focus and improve the organization culture such that it does not acts as deterrent for growth of the company as organizational culture acts as a base for any organization to set the tone for social and psychological environment

Following are some of the supportive reasons for the same,

  • Alignment of the individual interests and passion to the organization’s goals, risk strategy, appetite, tolerance and approach by setting a commonality of purpose and values such that it give the employees of the organization a head start or direction working towards the goals.
  • Deployment of individuals to reflect changes to business strategy and priorities and embedding a culture of constructive challenge.
  • Integration of management concepts into compare and organization internal communication system, and imparting training.
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