MGM465-0801A-05 Business Strategy - Phase 1 Individual Project 2 Essay

MGM465-0801A-05 Business Strategy - Phase 1 Individual chuck 2 - Essay Examplet question to consider is how to reconcile Ables need for building food market share (long-term strategic business objective) with Waldens drive for year-to year quarterly increases in sales and pretax profit (short-term, incorporate objective). Both of these are important to have, and they are not mutually exclusive. The comp each can hold some(prenominal) objectives in high priority provided that they all agree with each other to do so. However, Walden is demonstrating a privation of strategic management.Walden needs to consider strategic management as they move forward. According to Coulter, it is beneficial because it gives a role to everyone in an organization to manage strategically, it helps the organization perform well, it helps the organization to effectively cope with the uncertainties in the external and internal environment, and it helps to coordinate various functions and activities (2005 ). Strategic management is vital for the long-term success of any organization, and through implementing it, it is believed that the two blending organizations can come to a compromise and each get a great deal of what they are used to and what they want.The second challenge to consider is that Waldens success metrics of manoeuvre count control, inventory management, inventory turnover, and days sales outstanding can be inhibitors to offset vitally needed by Able. It is possible to moderate these functional objectives and make them work for Able. This simply involves removing or raising the ceiling which currently inhibits this growth. For example, head count can still be controlled in bigger numbers, inventory can still be managed when there is a lot more inventory to theme for, and outstanding daily sales can still be recorded when the dollar figures are higher. overbearing objectives does not necessarily mean containing them. Able can still grow using the same canonical fram ework of Waldens success metrics, so long as Walden does not squash the growth organism sought by Able