Organization management requires coordination of critical actions that are aimed at achieving organization objectives. The organization’s long-term objectives and goals will determine the order of these phases. Strategy is the strategy of an institution to allocate appropriate resources for specific organizational arrangements and choices. This influences the decision making process. The two main processes involved in creating and implementing plans are: The first step is to formulate a strategy. This includes business planning, which connects the organization’s objectives to its desired methods. On the other side, strategy implementation is the process through which management organizes, directs, and regulates the deployment of particular strategies to accomplish organizational goals and objectives (Jabbar & Hussein, 2017). The process of formulating a strategy involves the creation and maintenance of organizational procedures and methods. Strategy implementation, on the other hand, involves mobilizing selected methods by organizing, leading, and managing members of an organization.
The goals of the planned and implemented strategies must be to increase industry competition while meeting stakeholder expectations. Thus, the process of strategy design and execution should emphasize the development of both the corporate and company strategies (Jabbar & Hussein, 2017). The business strategy, a strategic form of decision, focuses on the ability to ensure that an organization is competitive through customer satisfaction and competitive advantage. Corporate strategy is about ensuring the company achieves its objectives and meets the needs of all stakeholders (Berisha Qehaja, et. al. 2017, 2017). While corporate strategies focus on the competition within an industry while corporate plans are focused on diversity and collaboration, they can also be used to create corporate strategy.
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