Wk8: Article Review & Wk8: Strategic Profile Analysis

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Article Review

Trae Clavo

Doctor of Business, University of Trevecca

Bus-800: Introduction of Doctoral Business Studies

Dr. Kathy Dunning

March 20, 2022

From the article of the strategic reflection, there are lessons learned about the roles of different stakeholders in a business, how one can create value to others, and value to the employer and workers. The article clearly defines how the manager in a particular company can practice keeping the better performance of that business. As far as the strategy reflection article i9s is concerned, some of these practices to create value can effectively implement business strategies. If a business manager is friendly to his employees and the stakeholders, then those strategies may pick up quickly after implementation. From the article, the business forms up of several stakeholders who play different roles in the company's excellent performance.  

Furthermore, the paper talks about how the leaders in a particular business can play their roles right to meet the business goals. You should be a person of substance and have ethics to perform clients' duties effectively for a manager. As a manager, one should be very social and friendly to be close to the employees. As a result of the practices, the business is likely to strive if the manager performs duties effectively. Creation of value to others as far as a business strategy is concerned is a compassionate practice as the up-gradation of the business and its transformation is concerned. In an industry where there is good interaction between all the stakeholders, implementing any strategy in that business is most likely to get in action more quickly than the company without good interaction.

For a manager to achieve business goals, they should keep reviewing its objectives and the action taken for business success. To succeed, the manager is the critical factor in coordinating all the other stakeholders for the success of that business. The paper gives us tips on how stakeholders in an industry should interact with the workforce and the company's founders for its success. There are alternative methods also explained in the article that help create value among the parties in the business since the business is not only comprised of managers and employees. The paper also tries to show us that providing valuable services to the customers and considering their time can help business development as a strategy. These strategies can help improve business sales since the customer feels comfortable and valued in that business.

APPLICATION TO MY WORLD

There are so many circumstances under which a business may decide to develop new strategies to speed up the business operation. Through the method implemented, there are several things we must observe in that business. The company requires a better person like a manager to run the business in the long run. (Kohli& Gupta2010) A manager is not appointed carelessly, but instead, there are several characteristics that one has for them to qualify to be one from the article on strategic reflection. For a person to be a manager in my current world is different from how reality should be at some point. In existing businesses, some managers are not respectful to their colleagues and workers in my world. From the article, a good manager should be social and literate. For managers to coordinate and undertake their duties effectively, they should create some value for their employees and the other stakeholders.

  For a manager to deliver well in my world, they should reflect the goodwill to the stakeholders first. Many of the managers in the current world mistreat their employees by using abusive words and assigning duties with discrimination. Unfair practices like an unfair share of responsibilities reduce managers' value of ethics to their colleagues. A manager must behave in the interest of the business they are running. If the head of the company, the manager, shows interest in the industry, then there will be a value created within the employees. The employees' interest growth will lead to a good business performance since they will be interested in the business. 

The interest in the company eases the implementation of the new strategies, hence the industry's transformation becoming easier. (K.N. Mkarim (2022) BUSINESSES STRATEGY. Business strategy reflection.)

As far as the technological world is concerned, the issue of communication in business operation is an essential component as far as business strategies are concerned. For any business to develop its function, good communication practice is considered. As a manager, one should ensure that the information should be reliable and should reach other stakeholders in time. For instance, if a particular business wishes to develop a strategy to improve its mode of payment. The manager should make sure information reaches all the members of the industry as well as the customers. The information should match the clients and the worker in the company, but it should also be reliable and on time. In businesses where the clients and the employees have good interaction and the creation of time for each other, the implementation of the strategy will be fast compared to the business where there is no close contact between the manager and the different stakeholders.

As a leader, one should always lead by example, even in the current world of business. For a strategy to be in place, the manager should be the first to mobilize the employees and other stakeholders on the importance of the structure. If the manager fails to show the importance of the strategy, the employees themselves will be reluctant to take that strategy into action. In the current world, there is a problem in implementing procedures in the business. Difficulties come when many business leaders do not build their interest in the company for the best of the business. As a result, many strategies don't pick, leaving many companies unsuccessful. The business fails to succeed since, as the manager shows interest in himself, all the other stakeholders won't grow the interest of the business.

Still, they will see the strategy as benefiting the manager, and by these, many will be reluctant in delivering their best skills to the best. 

The use of the practices in the article can be beneficial to implement new strategies as it is in the current world. In my world, technology has developed to a great point; hence for a business to do well in its operations, it must employ some practices. The practices in the articles express the importance of exemplary interactions between the stakeholders in a business. The patterns then indicate how the implementation of some ethics in the business running can lead to business success, especially when it comes to the performance of new ideas. In the current world, the field of talents has emerged its growth in the business sector. (Shung, K. P., & Junyu, M. C. 2012) In later days, many skills performed enhance business satisfaction and gain. As a result, the world must grow in terms of becoming an excellent manager to occupy the increasing business world to its capacity.

References

K.N. Mkarim (2022) BUSINESSES STRATEGY. Business strategy reflection.

Kohli, A. S., & Gupta, M. (2010). Improving operations strategy: Application of TOC principles in a small business. Journal of Business & Economics Research (JBER), 8(4).https://www.clutejournals.com/index.php/JBER/article/view/713

Shung, K. P., & Junyu, M. C. (2012). APPLICATION OF ANALYTICS IN BUSINESS STRATEGY. Business Intelligence Journal (19182325), 5(1).http://search.ebscohost.com/login.aspx?direct=true&profile=ehost&scope=site&authtype=crawler&jrnl=19182325&AN=74701736&h=T2Dzj0Bgy%2Ft5YsjxknwEa5XkCuTnx4qzUnWroPnjelV0TgoDlmugWD52urIRLSpokOnvDkJ%2FkkD62gspqNrN6A%3D%3D&crl=c