Comparison & Contrast between activities involved in Strategy Assignment

Comparison & Contrast between activities involved in Strategy Formulation versus Strategy implementation - Assignment Example Strategy formulation and implementation are two important aspects, which are interrelated. Strategy formulation and implementation are important facets of strategic management in a corporate for long-range performance. Strategy management comprises of three phases namely, diagnosis, formulation, and implementation (Hill and Jones 2012:20-21). Strategy formulation entails development of long-range plans for effective management of environmental opportunities and threats. This is in the light of corporate strengths and weaknesses. Hill and Jones (2012:20) state that formulation encompasses defining corporate mission, objectives, setting policy guidelines, and developing sound strategies. Formulators of strategy attach some estimate or risk to discernible alternatives. They appraise corporate strength and drawbacks with the resources, which are available. Formulation gives a clear set of recommendations in order for the corporate to accomplish its mission successfully (Hill and Jones 2012:20). Formulation of corporate strategy entails creating sustainable competitive advantages. This happens through giving prudent and practical solution to problems that may affect the corporate. Strategy implementation encompasses putting strategies, which corporate formulates into practice. This entails designing and management of systems in order to achieve best integration of people, processes, structures, and resources in order to attain organizational set goals. This is the step in which corporate converts its strategy into operationally effective action. Formulated strategy gains commitment of resources of organization or corporate. Strategy implementation aims at bringing sound ideas into practice. For implementation of corporate strategy to be effective, strategic managers in organization should support the chosen plan. Second, the strategic supervisors should allocate sufficient resources. Third, the formulated strategy

Report on apple and INTO giving Assignment Example | Topics and Well Written Essays - 750 words

Report on apple and INTO giving - Assignment Example It raises funds through various activities such as the 2009 event when they drove three second hand vehicles across many countries to raise money for charity in Gambia (Finkle and Mallin, 2010). Apple is a corporation and a profit making organization, it is owned by different shareholders (Dediu, 2013). On contrary, INTO Giving is a non-profit making organization. It is owned by INTO university partnership with the aim of facilitating education access to the less fortunate children in the world. The fact that the ownership is different, it’s suitable since the owners have different interests in the organization. Apple`s owners are profit driven while INTO Giving`s owners aim at helping the needy. INTO Giving has an organization structure that comprises the following, the board chairman, director and Treasurer, operations director and the fundraising and communications manager. The members of this organization`s manages the organization to meet the charity work which is its main. On the other hand, apple has an organization structure that comprises the following, the board chairman, senior vice presidents from various departments, vice presidents and the employees (Dediu, 2013; Yang, 2013). The structure of the two organizations differs because of their goals of operation resulting to omission of some departments. (Polidoro, 2012) It is the beliefs, values, norms, languages, way of doing things and habits in an organization (Ravasi and Schultz, 2006). Apple’s culture is collaborative and the company is organized like a start-up. The company recognizes performance and awarding its best employees (Yang, 2013). The Company also insists on accountability for all its employees, a culture it has maintained to date. On the other hand, INTO Giving has maintained a culture of monitoring the performance of its employees across the many countries it offers its charity services. INTO Giving mission states,