Question

Briefly explain the strategic choices that managers should make before redesigning jobs in an organization.

Answer 1

In the field of management, strategic management includes the design and implementation of key goals and initiatives administered by the top management of the organization on behalf of the owner, based on consideration of resources and evaluation of the internal and external environment in which the unit operates. Strategic management provides general management of the enterprise and includes the specification of organizational goals, the development of policies and plans to achieve these goals, and then allocating resources to implement the plan. Scholars and practitioners have developed a number of models and frameworks to support strategic decisions in the context of complex environments and competitive dynamics. Strategic management is not sustainable. Models often include feedback loops to monitor performance and inform the next plan.

Michael Porter identifies three strategic principles:

Create a "unique and valuable position"
Make concessions by choosing "what not to do"
Create a "fit" by aligning company activities to support selected strategies

Corporate strategy includes answering an important question from a portfolio perspective: "What kind of business should we run?" Business strategies include answering the question: "How to compete in this business?"

Management theory and practice often distinguishes between strategic management and operational management, with operations management focused primarily with efficiency improvements and cost management within the limits set by the organization's strategy.