Showing posts with the label strategic management

The Development of Fluidity in Business Strategies

Strategy is a key method of navigating organizations to and through environmental changes. A paper by Tamas Meszaros provides some insight into the development of strategy over the past few decades (2012). He argues that strategy has moved from being something concrete to something more fluid. His arguments make sense in terms of the ability of executives to put forward strategies but then adjust those strategies based upon an ever changing environment.  If we think of how fluid each decade has become with an advent of technology we may find that strategy is no longer stale and concise but is more of a trajectory toward organizational goals. The paths can change and adjust as new information and new pressures become apparent. As the environment changes so does the need to change the strategies based upon developing factors.   According to Cummings, et. al. (2009) history has changed the way we view strategy: -1960’s: Strategy was seen as a thing. Decisions in the presen

Book Review- Essential Deming: Leadership Principles from the Father of Quality by Dr. Joyce Orsini

The book Essential Deming: Leadership Principles from the Father of Quality by Dr. Joyce Orsini provides a strong read for managers who seek to understand the nature of quality and how to improve operations.   The book covers a number of important concepts such as management problems, quality development, methodology, research studies, knowledge vs. information, and management predictions. Each of these concepts leads the reader to understand higher methodologies in running corporations. The book contains a number of important lists for administrators to study. It indicates that there seven deadly diseases in the way managers think. It recommends that they understand these all important concepts to improve profits:  1.       Lack of constancy of purpose: Having proper plans that keep the company in business. 2.       Emphasis on short-term profits: An excessive push for dividends and short-term profits. 3.       Evaluation of Performance: Rewards for people who do w