I have learned that an organization undertaking any business activity has to embrace changes that occur over time. This is in a bid to remain at par with the competitors in the same business industry lest it collapses. As such, both internal and external analysis has to be conducted by the management in order to know what is required to propel the organization to greater heights. In regard to the impact to the success of any business, strategic planning is of the essence such that well laid out plans will have a positive impact on the success of the business. However things cannot act efficiently in absence of sound leadership of the managers (Griffin, 2003). The managers should have qualities that can coordinate the employees and bring them to task for the success of the business. They should yield power in required amounts in the sense that employees are not scared of them but do respect their decisions.
A well laid out strategy for the business can enable it to adapt easily to any changes that can emerge in future (Scholes, 2015). Hence, it can continue to succeed. However, a strategy that is not properly formulated poses a danger to a slight future change in business operations. For change to occur, an organization needs to have leadership that is powerful with a lot of influence on its employees. To effect the changes for success the management has to offer direction which the subordinate workers have to follow. A weaker leadership system faces a hard time in controlling the employees for implementation of the required activities hence changes cannot be easily incorporated leading to their failure.
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Since business activities are dynamic in nature decision making in any organization should also change to suit the needs of those that are involved in the activities. In making decisions regarding the progress of the company, the management should consider the trends in changes that have occurred through time. The past records linked to various aspects of the business should be compared with the present records so as to predict the future outcomes. Decisions are made basing on both the internal and external environments of the business. The internal can be, the technological or management while the external can be government policies and the competitors. With enough information about the external and internal factors collected, the management is able to come up with decisions that are concrete to stabilize the operations of any organization.
To improve my performance in business, I would identify and single out a couple of factors that directly affect the business. These include the employees of my organization, the government regulations, and lastly the customers. First and foremost, the customers will have to be treated in a way that they are able to increase their loyalty to my organization. There will be a customer care department that will make sure that their problems regarding the products of the company or the services offered are taken care of to their full satisfaction.
I will ensure that a variety of products are available to suit their different tastes and preferences. Secondly, I will enhance the relationship between the employees and the management team so that they both coordinate their activities in harmony. This will include the involvement of subordinate employees in decision making and giving them better rewards in respect to their work performance (Ferrell & Fraedrich, 2015). Lastly, government regulations will have to be adhered to in terms of the quality and quantity of products and services to be produced to avoid the conflicts that might affect the business and tarnish its reputation.
There was deficiency in leadership in that there were well experienced managers controlling the organization. The company had therefore to advertise a position to acquire a director with vast experience in top management position. The managers were to have assistants that could work on their behalf when they are absent. The strategy that was employed earlier was found to be the problem in the progress of the business. Therefore, a new strategy had to be formulated to rectify the mistakes that had been committed initially (Hersey et al, 2007). The change was not that simple to implement since the company did not have enough facilities to accommodate them. There were difficulties experienced especially with the staff as some remained reluctant to embrace the changes due to being conservatives. Some had to lose their jobs as they could now be done by the technology that the organization had acquired.
According to the experience gained from the lessons that I leant, it is clear to conclude that a well laid out strategy should capture various elements of an organization in business, both from within and outside. This will make it easier for the organization to adapt to any changes that might occur. However, a good strategy cannot act in isolation. It has to be backed up by a good leadership system and a powerful management that can enforce the formulated laws and regulations within an organization.
References
Ferrell, O. C., & Fraedrich, J. (2015). Business ethics: Ethical decision making & cases. Nelson Education.
Griffin, D. (2003). The emergence of leadership: Linking self-organization and ethics. Routledge.
Hersey, P., Blanchard, K. H., & Johnson, D. E. (2007). Management of organizational behavior (Vol. 9). Upper Saddle River, NJ: Prentice hall.
Scholes, M. S. (2015). Taxes and business strategy. Prentice Hall .
