11 Dec 2022

117

The importance of Business Policies and Strategies

Format: APA

Academic level: College

Paper type: Essay (Any Type)

Words: 581

Pages: 2

Downloads: 0

Business policies and strategies have been an interesting course that has provided an opportunity to understand new ideas and insights in the business world. 

Most Compelling Topics 

Some of the most interesting topics in this course include competitive advantage. The topic was of big interest because it is one that needs to be understood by any person in the business world. The topic helped me understand the importance of having an advantage over the competitors through the process of offering more value either through the provision of greater services and benefits as a means of justifying higher prices or by providing lower prices. The topic has proven to be beneficial because it has given me the capacity to think strategically about a business and the way in which it can attain a competitive advantage. 

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The second compelling topic relates to strategy formulation and processes because it provided the necessary knowledge needed to choose the best action that will help in achieving certain goals. The skills that I got on this topic are also vital to ensuring the success of any business which means that they will be vital in future. The topics and the course, in general, were enjoyable because of the teaching strategy that was used in class, more specifically because of the discussion debates. 

Importance of Discussion Debates 

The discussion debates were important throughout the course because they helped me be in a position to express my thoughts and views in an effective manner. Through the process, I was also able to learn from my fellow classmates in terms of their understanding of the various topics. Learning from fellow classmates is often easier and enjoyable, thus making the learning experience more enjoyable. The discussions also encouraged me to state my views which were then corrected by my fellow classmates and thus increased my level of understanding. 

The discussion debates were also helpful in making sure that there is critical thinking among the members of the class ( Bransford, 2006) . It means that members did not only depend on the notes that were being provided in class but had to do more research before the debates. It means that there was the opportunity for true learning to take place which means that there is the opportunity to acquire more knowledge. 

Other Approaches 

Some of the approached that could have been used include the flipped classroom that involves a typical lecture which happens at home as opposed to the classroom. The students, in this case, watch the lectures on video at home and then return to school to engage in activities like asking questions and doing exercises ( Hyson, 2008) . The process helps students to prepare for the classes and increases their level of understanding because they can always get clarification on issues that they have not understood. 

Another approach that would have been useful in this case is the project-based learning where students try to explore real-life problems. Even though the theoretical work is important, real-world problems are vital because they are what most of us are going to face in the near future. The strategy is useful in developing content knowledge and also solutions to various problems. In addition, it helps in identifying real-life problems that need to be solved. 

Conclusion 

It is evident that business policies and strategies are vital because it covers a topic that is crucial in the business world such as competitive advantage which is one of the issues that help companies meet their objectives. The learning strategy used was effective and other strategies can also be applied such as flipped classroom and project-based learning. 

References 

Bransford, J., National Research Council (U.S.)., & National Research Council (U.S.). (2006).  How people learn: Brain, mind, experience, and school . Princeton, N.J: Recording for the Blind & Dyslexic.

Hyson, M. (2008).  Enthusiastic and engaged learners: Approaches to learning in the early childhood classroom . New York: Teachers College Press.

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StudyBounty. (2023, September 14). The importance of Business Policies and Strategies.
https://studybounty.com/the-importance-of-business-policies-and-strategies-essay

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