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Strategic Management in Turbulent Environment - 1650 Words

Strategic Management in Turbulent Environment (Essay Sample) Content: Strategic Management in Turbulent EnvironmentNameInstitution AffiliationSurviving Turbulent Business Environment Through Strategic ManagementIntroductionThe organization environment is not static. The frequently changing business environment affects the smooth operation of an organization. The environmental change and its complexity is a major factor that affects the way companies carry out their activities. Management strategy in adapting to the turbulent business environment has been an area of concern for a long time now. Research carried out by different scholars identifies how the firm can use the management strategy to adapt to the ever-changing environment. The study on this area can be traced back to the time when Harvard Business School introduced the concept of business policy in the year 1985. The business manager should formulate strategies that will help the firm to cope with the turbulent environment. The organization environment can be described in two ways. These ways include; the environments degree of homogeneity and its degree of change. The environmentà ¢Ã¢â€š ¬s degree of homogeneity may be simple or complex while the environmentà ¢Ã¢â€š ¬s degree of change defines the extent of the organizationà ¢Ã¢â€š ¬s environment may remain stable or dynamic. The changes in the business environment can be described by the phrase à ¢Ã¢â€š ¬Ã‹Å"environmental turbulenceà ¢Ã¢â€š ¬. Due to the ever-changing organization environment, the management should develop ways to deal with its impacts. This paper will study the ways through which Tesla uses strategic management understand, prepare, and adapt to environmental turbulence.Strategic Management during Turbulent EnvironmentsRobbins (1990) defines the environment turbulence as a measure of diversity or heterogeneity in the business environment and other sub-factors such the businessà ¢Ã¢â€š ¬ suppliers and customers, politics and technology. The increasing complexity of the business e nvironment reduces the ability of the managers to use the available information to plan and predict the future of the business.According to Benson and Lloyd (1992), turbulent environments are unexpected. These changes occur without prior signs. It therefore, means that the managers need to be prepared so that they can be able to survive the turbulent environment. McKenna (1991) and Samli (1993) notes that turbulence is the natural state of the whole world. They hold that every aspect of the world, including business environment are meant to change. The two scholars hold that environment turbulence in the business world is mainly caused by changes as well as the interaction between various business factors due to the advances in technology. Haleblian and Finkelstein (1993) state that environmental turbulence has greatly reduced the competition and caused an increased need for decision makers to access information. Turbulence in the business environment necessitates innovation. Lynch (1991) holds that due to the environment turbulence, it has become extremely difficult for the managers to predict customer needs, as well as the product and service requirements. The change in the business environment makes the decision windows appear shorter and increases the risk of obsolescence. These two factors make it impossible for long-term control and it, therefore, means that managers have to learn and adopt new ways of doing things to operate effectively during the turbulent environments (Swayne, Duncan, Ginter, 2012). Tesla Motors uses the history of their customers and carefully analysis the customerà ¢Ã¢â€š ¬s purchasing pattern to predict the customer needs. This is a strategy that help Tesla remain competitive as their products meet the needs of their customers.Strategic management entails the process through which the managers formulates and implements major goals as well as the initiatives as a result of resource consideration and that is necessitated by the ass essment of business environment, both internal environment, and external environment. An organizationà ¢Ã¢â€š ¬s managers can use strategic management to provide the direction. Strategic management specifies the objectives of the organization, the policies that can be used for development as well as the organizationà ¢Ã¢â€š ¬s plans that are designed to facilitate the achievement of the objectives. Michael Porter, a Harvard University Professor, identifies several principles of strategy. These principles include creating a unique and valuable position, making a trade-off between what to do and not to do, and finally, creating a fit. The fit is created by aligning the activities of the company to each other to support the strategy that the management has chosen. The management of an organization should develop ways in which the organization will be able to survive in the turbulent environment (Hitt, Ireland, Hoskisson, 2012). This means that the managers should develop and formula te the strategies that will be effective for the organization during the time of turbulent environment.The management can use the complexity approach strategy to foster and create conditions that will enable it to explore the possibilities as well as help in the facilitation and creation of new forms of the organization that will be sustainable and effective during the changing environment. Botha, Kourie, Snyman (2014) states that strategic management helps the managers be able to identify certain elements or factors that are useful in the times of emergency. These factors improve the organizationà ¢Ã¢â€š ¬s ability to respond to changes. Strategic management also helps the managers to provide work arrangements according to the situation at hand and not as it is dictated in advance.According to Hill, Jones, Schilling (2014). Strategic management helps the business managers create social construction factors that enable the business to respond and adopt changes. These social facto rs include; effective communication, collaboration, trust, morale, and trust. These factors help the businesses to remain competitive even in the times of turbulent environment. The social elements handle the interaction and creative thinking simulation. Due to interaction and simulation, human feel empowered, and there is leveraging in the organization.Strategic management has adaptive factors. According to Eden, Ackermann (2013), the management can determine the dynamic of the environment by looking at the relationship of the inter-component. Adaptive factors improve the ability of the business entity to adapt to changes. Adaptive factors that help the business to adapt to changes include; interrelationship, connectivity, and interdependence (Hill, Jones, Schilling, 2014).Through strategic management, a specific organization can create an enabling infrastructure. The enabling infrastructure helps the organization to adopt the changes in the environment (Mitchell, 2013). The enab ling infrastructure facilitates an emergent response to the changing environment. There are several aspects of the enabling infrastructure that enable the organization to respond to changes in the environment. These as aspects include; hierarchy and structure, management style and good leadership, cultural conditions of the organization, bureaucratic regulations.A Case Study: Tesla MotorsTesla Motors Inc is an international automotive company that is headquartered in Palo Alto, California. The motor industry in the world is not stable. The industry is characterized by changing environment. The Tesla Motorsà ¢Ã¢â€š ¬ management has to develop strategies that enable the company to adapt to the changes. They have to adapt their products and services to meet the consumer needs. Tesla Motors designs really good cars that meet the requirements of the clients. For instance, one of the companyà ¢Ã¢â€š ¬s model, ModelS, won the Motor Trendà ¢Ã¢â€š ¬s award in 2013. This is a prove that th e companyà ¢Ã¢â€š ¬s management realises that quality of the products enhances the companyà ¢Ã¢â€š ¬s competitive advantage (Nithisathian et al., 2012). Tesla Motors improves its market position through the use of strategic management. The company recruits the best personnel in its labour force and uses advanced technology in production. The company re-evaluates the products and improves the services to meet the customersà ¢Ã¢â€š ¬ needs. The company also invests in advanced innovations in its marketing strategies. The marketing strategies are improved in-store as well as online where the company uses several multi-channel activities to reach a large number of customers. Tesla Motors realizes that customer loyalty leads to improved business results and, therefore, more profit. This means that the company has to find ways to satisfy the customer and meet all the requirement of every individual customer (Liu, 2013). This is done through decreasing the cost of marketing and generati ng barriers that would make it impossible for other firms to enter the industry. The company develops and implements effective customer relationship marketing to develop and sustain a competitive advantage. Tesla Motors faces the following microenvironment; stiff competition as the automotive industry is been flooded with cars form Volkswagen and Ge...

Are You Afraid That Youre Gospel Topics Essay Wasnt Well Prepared

Are You Afraid That You're Gospel Topics Essay Wasn't Well Prepared?If you have read your Gospel Topics essay on polygamy and have created a list of questions that it should answer, do you feel some dread as you go to the essay worksheet? It is not difficult to answer the question; however, you may not understand why you are feeling this way. It is not uncommon for students to feel uneasiness when they read their essays. This fear could actually be unfounded and there are several different reasons that students may be concerned about a particular question in their Gospel Topics essay.First, it is possible that you have overlooked one or more specific problems with your essay. Perhaps you have chosen a problematic topic to discuss and you need to explain your decision to your teacher. Your teacher will provide you with an opportunity to solve the problem and ensure that you are able to focus on the other aspects of your essay.Second, you may have felt anxious because your essay topics did not address a specific problem. This may be a common occurrence but is not something that most teachers think of when you send in your essay. Do not be discouraged if your essay topics do not address a specific problem.Third, you may have only read the essays that did address all the possible problems that students can face with their essays. If this is the case, you are probably in a better position to ensure that your essay topics answers each of the five main topics that are stated in the Gospel Topics essay. It is likely that each of these topics is going to be at least partially answered if you will just use the Gospel Topics essay as a guide. This way, your essay topics will be very well prepared.Fourth, many students who are on time constraints are afraid that they are going to run out of time or that they will spend too much time on multiple essays. This is not something that you should worry about at all because you are going to be more efficient if you break up your e ssay topics into two or three essays.Fifth, if you have not chosen an appropriate Gospel Topics essay topic, you will not have any experience in the area. While it is understandable that this may be frustrating, you will be able to gain this experience with your choice of topics. As your understanding of the issues surrounding polygamy grows, you will be able to fully explain why you chose that particular essay topic.In addition, if you are struggling with a certain topic, you may feel as though you need to review the paper to make sure that you cover the topic adequately. However, if you are able to correctly write about the topic and be able to completely understand what the essay is asking of you, you should proceed. Your best bet is to be as thorough as possible and allow your mind to wander when you think about the different areas of your essay.Last, in order to prevent your Gospel Topics essay from being confusing, you should always begin by writing in a clear and coherent man ner. When you come to the sections of your essay that you cannot fully explain, just look back at the sections that you can understand and make sure that you understand them.