business strategy

Business Strategy

The acceptance of a business plan is invariably hampered by the conflicting interests and perspectives of the member of the discussion It is known that individuals that form part of the group will in most cases have interests differing from the interests of the group as a whole . To align employee and owner interests is the primary goal of human resource management specialists , engaged in the invention of stimuli such as profit-sharing programs to alert employees to the needs of the company as a whole . So the members of different

departments may have interests conflicting not only with each other , but also with the needs of the firm as a whole . Each may seek in the plan the opportunities for the increase in one 's own role and scope of control

In addition , different individuals within the organization see its business from different perspectives defined by their own location in the company environment . For instance , the marketing department may insist on innovations they see as promising based on their analysis of the external environment . At the same time the production staff may be suspicious of the impact of these proposals on the hitherto stable business processes , knowing from experience that introduction of new equipment and technology requires a lengthy learning curve for most employees

One way to address the issue is to make each person aware of the differing perspectives . The discussion board located , for instance , on the company 's server , will allow each employee , down to the lowest-ranked ones , to offer comments on the content of the business plan . To bring to light differences in perspectives , the talks of discussion participants can be structured along the lines What the others miss in the suggested plan ' so that everybody can share unique comments stemming from his /her unique position in the business process To ensure that the business plan is treated by everybody in the interests of the company as a whole , this plan should contain promises of benefits , including monetary compensation or other stimuli , to all employees who will take part in its implementation . Ideally , the rewards can be suggested by employees themselves and then subjected to general discussion

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BUSINESS STRATEGY

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Date : 13 September 2005...