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Business strategy

The management theory highlighted for this discussion is the scientific theory of management. This theory on top of all other conditions, calls for high efficiency in any kind of business entity. This is a major concern for any business in operation. This theory aims at helping the management teams of organizations to evaluate all factors of an entity, both internal and external, that attribute to efficiency in operation within that particular organization. However, this theory is majorly fully exploitable in small and medium business organizations. This method provides a method that is scientific for analysis of each individual employee to provide a platform for developing efficiency plan for him or her all in operation.

The application of the scientific method of management will provide a systematic method that supersedes the human errors in blind analysis occur. This method is executable in a standard procedure as it is clear on how to go about it in any given situation. This allows for fair results without any possible manipulation. No feature overstating or understating occurs in the analysis.

Scientific theory puts in to consideration all the features in an individual in to question for the evaluation of efficiency. This allows for maximum efficiency determination as the levels of all features, both desirable and undesirable, vary from one individual to another. These factors are beneficial at a certain level and destructive at another level. For example, an individual that pays too much attention to details can be a great asset where the quality of product is of great significance. The same individual can become a great loss where the time spent on a product is of more significance compared to the quality of the product in question. This variation in the factors found in one human resource makes the scientific theory approach very desirable in strategy development. The shortcoming of blindly placing the human resource in the production units possesses no more problem to the business entity. (Head, 2005)

SWOT analysis technique comes in handy in nailing the unlikely signs of risks camouflaging in rewards. These risks then come head-on with the rewards to which they relate in their occurrence. Cost benefit consideration is crucial at this point to be able to make that final decision.

The small findings in the analysis are put together to make out a meaningful conclusion on factors in the resource. The existent points of weaknesses will clearly pop out of the results making it easy to work on them.

Every individual and every resource that inputs to the production process undergoes analysis for any possible sign of setback. (Westhues, Lafrance, & ., 2001)

Achievement of the SWOT analysis is by developing four columns to represent the four parts of the system. These parts include strengths, weaknesses, opportunities, and threats in the business entity. Filling out of the columns follows thereon. In the columns are the factors, which could be a strength or a weakness. At some points, a weakness may even represent an opportunity to venture in a particular area. Therefore, a factor may appear in more than one column. (Birkenmaier, 2001)

The incorporation of the strategies found in both the theory and the SWOT technique provides a scheme of overcoming weaknesses in the business organization. The little merits in the scientific theory of management get very beneficial supplements from the merits deriving from application of SWOT technique.

References

Birkenmaier, J. (2001). The Practice of Generalist Social Work. New York: Routledge.

Head, S. (2005). The New Ruthless Economy: Work and Power in the Digital Age. Oxford, UK: Oxford University Press.

Westhues, A., Lafrance, J., & ., G. S. (2001). A SWOT analysis of social work education in Canada. Social Work Education: The International Journal 20, 35–56.