Strategic Business Environment Essay Example | Topics and Well Written Essays - 2500 words

Strategic Business Environment - Essay ExampleThis essay declares that the mission of any composition is always in line with the culture and thus aligning strategies in line with these means that only consideration of internal factors. non anything that has to undergo a thorough review is a plan for a competing market. Besides, it seeks to maintain the norms and the beliefs of the people. This paper makes a conclusion that a strategic drift results from choices made in the organization. Not only does strategic drifts distract the instruction from its path of success, but also result in a complete loss of momentum. Additionally, it can lead to the wastage of money, epoch and other valuable resources. Overall, it increases the overall cost of operation and may sometimes lead the firm away from achieving its competitive advantage. Though undesired in the original business world, numerous causes result in a strategic drift. Some of the causing factors include paradigms, organization al culture, the reactive nature of companies and unhealthful institutionalized patterns. Organizations contain to study the market condition prior to the changes occurring in it. The proactive aspect of the operation is the only tool that can control strategic drift. Besides, for sound management practices, a critical analysis of the business environment is necessary. Strategy formulations should also be in line with the ever-changing trends, and there is a need for thrust from the traditions or culture of organizations to more realistic views of the world.