Thursday, June 27, 2013

Strategy Thinking?

How can we plan for a future that is so undetermined? Well, according to (Mace, 2003), start with an intimate and realistic understanding of your company’s overall position and abilities. As we have learned throughout this course, that the analysis of the company’s strength, weakness, opportunities, and threats (S.W.O.T) should be consider in how well an organization is doing today, and for tomorrow.

Having read (Jung, 2013)blogger post on Ideas to Strategies-Hypothesis Driven Approach, she puts together the frame work for solving a problem using the Hypothesis Driven Approach. First, begin understanding the “customer’s discovery” which can be used to better evaluate the problem within the given group. Next, she points out that through forecasts, based on current operations and existing plans can be used to improving operations, will become an important factor in planning out a solid program plan.

In a recent busy strategy in creating a program for honorable discharged veteran’s leaving prison, it was extremely important to set the goals of the program. One of many sets of problems was getting over the hurdle, “Just how do I go about creating a new program with so many parts?” In my investigation, and countless numbers of interviews, I’ve begun to see that many of the other companies I've studied have used the approaches that many of the other organizations are relatively  doing the same.  

The key component in all this is creating a well-fitting staff group.  Jung blog mentions several concepts, but to better understand the job requirement – qualification, we turn to (Mace) who mentioned eight key qualifications, but for this report, I’ll focus on only one key aspect of planning and strategy: “Analytical Capacity.”

Analytical Capacity, why is this so important? For starters, it can forecast the proper and specific project.  To be successful than you’ll have to align yourself in joint collaboration with those in partnerships, to work out or come to conclusions to market forecast. 

Works Cited

Jung, H. (2013). Ideas to Strategies-Hypothesis Driven Approach. Pittsburgh: Blogger: Strategy development.
Mace, M. L. (2003). The President and Corporate Planning. Harvard Business Review.


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