Strategy And Business

Strategy and Business

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Question 1 (3.2)Review your organisation’s strategy and consider in relation to each of the four qualifications.Which qualifications apply to your organisation’s strategy? How universal do you expect them to be in other organisations? What steps can be taken to address these qualifications. Comment on other student’s posts.I believe that we have previously seen elements of an over-complex processes and “paralysis by analysis” which may not accurately reflect the reality of the macro-environmental landscape. Although a strategic planning team utilized what was perceived as rigorous application of the available tools, some of the deductions appeared “detached from reality” due in part to inexperience and a biased towards available information (availability and recognition biases). I expect “paralysis by analysis” may be prevalent in other industries where there may be more sources of information, historical data and analyses from various sources to draw from. More so, where customers are more forthcoming and large numbers of them customers can be surveyed. In our situation, I think the strategic planning group could have benefited from techniques such as Delphi (Goodwin & Wright, 2014) to include insights from industry insiders which is important for our niche industry.  Scenario planning would work well for analyzing potential reactions from the small number of competitors in our industry. Scenario planning by nature (Burt, et. al., 2006) would force the strategic planning process to include a wide variety of people and opinions as well as discussions (healthy arguments