Organizational Strategies for Growth
Running head: FINAL PROJECT : ORGANIZATIONAL STRATEGIES FOR GROWTH
Final Project: Organizational Strategies for Growth
Tamara Mobley
OM8102
Dr. Langford
Capella University
June 18, 2010
Abstract Today, many organizations struggle with implementing realistic strategies for growth. More than ever leaders are faced with developing and implementing strategic plans that promote organizational effectiveness while addressing potential threats. Through research I have discovered that there are several approaches or perspectives that leaders can take when developing organizational strategies for growth. According to Porter, (1996) in regard to strategy organizations “Must be flexible to respond rapidly to competitive and market changes…They must benchmark continuously to achieve best practice” (p. 61). Although benchmarking plays an important role in strategic planning it does not define strategy. Strategy involves more than just planning. “Strategy is the creation of a unique and valuable position, involving a different set of activities” (Porter, 1996). There is no question that the implementation of strategies such as: environmental scanning, and conducting a S.W.O.T. analysis will potentially add value to the overall success of an organization. This project will discover strategies for growth that will enable organizations to achieve overall effectiveness.
Organizational Strategies for Growth According to Nevis, DiBella, and Gould (1995), “when starting to improve its learning capabilities, an organization may decide to focus on any stage of the leering cycle: knowledge acquisition, dissemination, or utilization” (1995, p. 73). Knowledge management is key when transforming an organization into a learning organization.
Knowledge Management Systems Knowledge management systems (KM) has been an important factor or component when seeking effective organizational management. A component based knowledge
Final Project: Organizational Strategies for Growth
Tamara Mobley
OM8102
Dr. Langford
Capella University
June 18, 2010
Abstract Today, many organizations struggle with implementing realistic strategies for growth. More than ever leaders are faced with developing and implementing strategic plans that promote organizational effectiveness while addressing potential threats. Through research I have discovered that there are several approaches or perspectives that leaders can take when developing organizational strategies for growth. According to Porter, (1996) in regard to strategy organizations “Must be flexible to respond rapidly to competitive and market changes…They must benchmark continuously to achieve best practice” (p. 61). Although benchmarking plays an important role in strategic planning it does not define strategy. Strategy involves more than just planning. “Strategy is the creation of a unique and valuable position, involving a different set of activities” (Porter, 1996). There is no question that the implementation of strategies such as: environmental scanning, and conducting a S.W.O.T. analysis will potentially add value to the overall success of an organization. This project will discover strategies for growth that will enable organizations to achieve overall effectiveness.
Organizational Strategies for Growth According to Nevis, DiBella, and Gould (1995), “when starting to improve its learning capabilities, an organization may decide to focus on any stage of the leering cycle: knowledge acquisition, dissemination, or utilization” (1995, p. 73). Knowledge management is key when transforming an organization into a learning organization.
Knowledge Management Systems Knowledge management systems (KM) has been an important factor or component when seeking effective organizational management. A component based knowledge
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