Solution
Insha answered on
May 30 2022
ARGUMENTATIVE ESSAY
Table of Contents
Introduction 3
Strategy and Culture 3
Relation between Culture, Strategy and Performance 3
Strategy and Culture of Woolworth 4
Connection and its Contribution to Organisation 5
Conclusion 5
References 6
Introduction
As two essential ideas in management, strategy and organisational culture are examined in this study. Organisational culture has been found to have an impact on strategy creation by affecting how information is gathered, perceived and interpreted. Culture's impact on strategy creation and implementation is investigated in terms of its nature and method of Woolworth.
Strategy and Culture
Strategy is the most important planned choice that has a significant impact on an organisation's business operations. It demonstrates how a company's resources and capabilities are aligned with the demands of a dynamic environment. The business sector, in which it will conduct its activities and the means, by which it will gain a competitive edge over its competitors, are determined by strategy (Shin & Shin, 2022).
The strategic management process involves the creation and execution of a strategy. Strategy execution, strategy selection and Strategic analysis, are the three essential steps. The process of selecting a strategy includes creating strategic possibilities, evaluating them and selecting the best strategic option. It is vital to operationalize the strategy through a plan of action and assign resources in the last step of strategy management (Schmiedel, Muller & vom Brocke, 2019).
Organisational culture may be defined as a set of assumptions, beliefs, norms and attitudes displayed via symbols that assist people of an organisation in determining the meaning of their su
oundings and how to behave in them. Everything that happens in a business, from strategic choices to interpersonal interactions, is influenced by organisational culture, at least in part (Bhatti, Rehman & Rumman, 2020).
Attitudes, norms, beliefs and assumptions are cognitive structures at the foundation of corporate culture. Organisational culture has a symbolic component in addition to a cognitive component. Specifically, the symbols that represent common ideas, beliefs, conventions and attitudes are also part of an organisation's culture. Symbols in an organisation encompass anything that can be seen, heard, or felt and they might be behavioural, semantic, or material.
Relation between Culture, Strategy and Performance
The link between strategy and culture can be separated into two categories,...