Question 1
In
your own words, using reference quotes, describe the similarities and
difference between business strategy and military strategy.
Answer:
Strategy is the
process of analyzing the past and present environment to collect the
information and predict the future. Johnson and Scholes (2011) as cited by
(Riley, 2012) describe strategy as the long term direction of an organization
to achieve goal utilizing organizational resources to meet the stakeholder and
market expectations.
Many organization
use strategy for example military organization use their military strategy to
develop best defense and offence power than other countries while business
organization use their business strategy to develop specific plan to gain
competitive advantages.
The similarities
between business strategy and military strategy are both organization
strategies need effective leadership to manage process and progress. Both
strategies are concerned with ways to succeed against opponents. Human resource
is one of the important factors in business and military strategy because
without human resource strategy idea cannot come in action. Both business and
military strategy main objective is to gain competitive advantage by utilizing
competitor's weakness (Scribd, 2010). Both military and business strategy
analyzes enemy strength and weakness and compare with own to develop winning
strategy. According to Maeshall (2011) military and business strategy require
unity of command that is good communication, understanding and agreement by all
strategic members in order to get best result.
The difference
between business and military strategy is business strategy focus on the
stakeholder value and customer value where as military strategy focus on
country and public security. Business strategy is mainly horizontal structure
i.e. for strategy development business leader take ideas from lower level
staff, but military strategy is mostly vertical structure i.e. well defined
chain of commands and strategy is only made by top level of officers. Pappas
(2010) states that business strategy is developed, implemented and evaluated
depending on the market competition, inflation, economic growth etc but
military strategy is devised depending on the assumption of international
conflict. (307 words)
No comments:
Post a Comment