Building and Sustaining Strategy Essay Example | Topics and Well Written Essays - 1250 words

Building and Sustaining Strategy - canvas ExampleEstablishing right(a) customer relations has helped learn the importance of feedback in the business (Langdoc, 1998). The feedback reception helps an enterpriser to plan and make necessary changes in the product and services approaches. Innovation is a very weighty disrupt of building and sustaining strategy. As an entrepreneur I have also learnt the basic skills of nurturing an innovation protect it and making the best out of it. For any business to be successful there must be a good communication network. Lack of feedback was major issue at the makeup (Coyle, 2003). The setment neer responded to the points of concerns raised by employees. Effective feedback usually helps in dealing with the emerging challenges. The watchfulness is the policy arranger to the employees and therefore continuous feedback should be available. I have also been able to learn the importance of good communication with other employees. The proper com munication network helps in solving problems that we may encounter magic spell conducting business. Good communication is also important with the customers (Business Forecasting, 2011). Management is a continuous process of synchronizing an arranging with its market throughout while tackling the competitors and regularly collecting feedback within the organization itself (Buchanan, 2000). It examines external and internal factors touching a particular organization together with the skills, information and strategies put in place to effectively manage the change and consequent improvements. I have a feeling that management is an effective tool for fall motivational and environmental constraints while improving organizational structure. I learnt that lack of organised information (lack of an structured framework) in an organization is a potential drawback. Organizations have departments, which at most times cause torture of information hence influencing the decisions made by the executives. Information in an organization can be organized in a process-based manner (Pitak, 2000). The process-based manner ensures that the organization is viewed horizontally regardless of the departmental boundaries. In addition, intangible (making of decisions, leadership, and innovation) and tangible should be Organization communication is the movement of knowledge and information amongst people in the organization in order for efficiency and effectiveness to be attained. Both the management and staff should share the goals of the organization. In the past, application aspects (writing and speaking) were the major concerns of communication but it later changed to character-based aspects. Since that time, organizational communication has developed and undergone various modifications. When changes or challenges occur in an organization, ways and means are identified to counter the changes effectively spread equally within the organization fraternity. For any entrepreneur the ability to maximize and optimize profits is an essential part while building and sustaining strategy. Application There is need for development of an overall plan on the integrating of the various departments and staff. The management should insist on teamwork and establish an environment within the company that practices respect and diversity. The management should make a decision on the points of responsibility interdependence by assessment of the joined responsibilities. afterward