Business Strategy Applies to Military or Management

Question: Discuss about the Business Strategy for Applies to Military or Management. Answer: Introduction: There is no common accepted definition of what exactly a strategy is, as applies to military or management, but it applies to nearly every aspect of human life. Strategy is a set guideline for your thought processes, decision-making and actions so that goal can be accomplished. It is a plan to overcome the identified problems through a series of methods and calculated plans that uses all ones intelligence resources and tactics combined to emulate the series of methods to overcome all the challenges to achieve the desired result.(Porter, What is strategy?, 1996). Porters main idea is that the strategy is a unique and valuable position involving in different set of activities. Strategic position emerges from three distinctive sources first serving few needs of many customers, second serving board needs of few customers and last serving board needs of many customers in a narrow market. Strategy is often confused with a set of goal, a tactic to achieve victory or a problem identified. Go als should not be confused with planning strategy; a goal is a vision of the future not a series of process that you can execute your vision through. For example, Googles goal is to organize the worlds information and it has made strategies like developing products like google glasses, Gmail, YouTube, etc. all these are product that came out of the strategy that was aimed at organizing the worlds information. Goals are just wishful visions while strategy is used to reach the goal. The most common confusion is between tactic and strategy. Tactics are just small manoeuvres to win battles but they do not help to win the war. A suitable example to explain this would be: suppose you are planning to lose ten pounds and you start eating healthy foods. But one day a bakery opens near you and the smell tempts you to visit the bakery. So before visiting the baker you eat a healthy portion of salad to avoid having more portions in the bakery, but the portion keeps you full so you decide to not visit the bakery anyhow. So you won the battle of not visiting the bakery that day but you still did not win the war of losing ten pounds. A detailed plan on how you are going to overcome an obstacle can be laid out as a good battle tactic but a detailed plan on how you are going to overcome the obstacle to achieve your goals is a good strategy. (Tzu) A good strategy has clearly defined goal, helps us to understand the competition in the environment, a clear picture of the available resources and also an efficient plan to implement the strategy. Well some of the tools needed I order to draft a successful strategy are: Plan: we need to start with understanding some of the implications of the industry and how to analyse the industry and primarily use porters five forces. Positioning: How well can you position yourself in the particular industry and at which position are you at the particular moment? Competitors: how can you analyse your competitors and are their available tools to understand better potential actions that the competitors will be using? Resources: How can you figure out which resources will be required for your industry? Well these four sections will deal with the business level analysis but of course as many corporations consist of different businesses and there are some aspects we will get through if we understand the diversifications and internationalization.(Porter, 2008) Business Model Innovation Business model innovation is the process of improving new ideas that helps in improving a companys financial stability, goal ad mission, and execution process in carrying those ideas to fulfillment. Business Modeling is regularly seen as procedure to revamp the building squares to an inventive plan of action. What individuals overlook is that a plan of action is the building arrangement of your business as well as ought to offer response to the inquiry "Why ought to your business exist from a client point of view?" So a plan of action is a building arrangement as well as how you offer intending to your clients and your representatives. (Ovans, 2015) The essential objective Business Model is to understand that there are new products or services that improve the income of a company and also add value to the product that the consumer is currently using. The advanced and growing age has turned into an opportunity for plan of action development, likewise innovation of new products and services have significantly changed how organizations work and present their products and services to clients. This breakthrough has shortened lifecycles of products and services and has also allowed for monetary achievement. The worldwide commercial has also changed the requirement for plan of action developments, as organizations must prepare themselves to stiffer universal rivalry and the environmental uncertainty. These elements are driving organizations to stay focused and encourage development in the aggressive worldwide commercial center.(Netessine, 2014) Apple is a wonder example of the Business Model Innovation done in beginning of mid-2000s. From selling MACs it increased its presence to other devices, for example, the iPod, iPhone and iTunes. For instance, the iPod and was a leap that would help the downloadable music industry, while the iPhone was a breakthrough in the cell phone market. Netflix is another case of this sort of business development. Therefore, as we can see, business model plays a critical role in the process of innovation, it can be used as a leverage by companies to improve upon its existing range of products and services. Bibliography Dunung, M. A. (n.d.). Retrieved from https://catalog.flatworldknowledge.com/bookhub/3158?e=fwk-168388-ch10_s04 Netessine, K. G. (2014). Retrieved from https://hbr.org/2014/07/four-paths-to-business-model-innovation Ovans, A. (2015, January 23). Retrieved from https://hbr.org/2015/01/what-is-a-business-model Porter, M. E. (1996). What is strategy? Retrieved from https://hbr.org/1996/11/what-is-strategy# Porter, M. E. (2008, January ). Retrieved from https://hbr.org/2008/01/the-five-competitive-forces-that-shape-strategy Tzu, S. (n.d.). Art of War.