Strategy Create and Implement the Best Strategy Business

Question: Describe the Strategy for Create and Implement the Best Strategy Business. Answer: Harvard Business School Press is one of most highly trusted publication houses when it comes to selecting authentic reading materials in domain of business management. In this paper, we aim to review one such text, namely Strategy: Create and Implement the Best Strategy for Your Business (Harvard Business School Press, 2005). The text has been edited and published by the Harvard Business School Press and has been included in our course work. The publishers are of the opinion that this particular text is a part of the The Harvard Business Essentials series and is aimed at providing background information, personal coaching and comprehensive ideas about the most relevant topics and concepts of the domain of business studies (Harvard Business School Press, 2005). Going by this very definition, the course text provides insight into the concept of developing business strategies and implementing them in the working environment. According to the information provided in the text, strategy should be defined as the tool which facilitates the process of doing the right thing at the right moment and is often found to be one of the primary concerns of business owners and senior executives. Implementation, on the other hand, can be defined as the process of following the strategies developed by the higher management and fulfilling them in the right manner (Harvard Business School Press, 2005). Thus, the responsibility of implementing of any strategic decision lies on the shoulders of the middle and lower management executives of an organization. The publishers mention that this particular text book has been edited and compiled with the objective of focusing on the methods using which strategies once developed can be successfully implemented in an organization. Since all strategies are primarily aimed at fulfilling some or other goal of a business organization, and such business goals are influenced by several factors internal and external to an organization, the very first chapter of the book provides detailed analysis of the such external factors. The second chapter of the book, on the other hand emphasizes on those internal factors of an organization that affect the strategic decision making process (Harvard Business School Press, 2005). In short, the first two chapters of the book are dedicated to factors that help in deciding the business goals of an organization. Once the internal and external factors influencing the business goals of an organization have been analyzed, it becomes easier to identify the strengths and weaknesses of the organization. This leads to the question of choosing the appropriate strategies for a business. The third chapter of the book deals with this very question and provides detailed information about the generic types of business strategies that are widely put in to use by business organizations (Harvard Business School Press, 2005). The very same discussion has been continued in chapter 4 of the text, and a thorough reading of the chapter is more than enough to gain all information regarding how strategic decisions enable business organizations to enter in to a new market domain and to maintain their footholds in such markets. The chapter provides detailed information on the following topics: Potential strategic moves Using innovative strategies for entering into a new market domain and The concept of judo strategy Thus it can be said that the first four chapters of the book emphasize on the task of developing strategies, as it indeed is the first step towards achieving the business goals of an organization. However, the second step involved with achieving the goal is to implement the devised strategies efficiently and the last 5 chapters of the book provides information regarding such implementation processes. Chapter 5 of the book enlightens us on the concept of aligning the business strategies of an organization with its day-to-day operational activities. In the next chapter, the process of developing the action plans and their implementation in the unit levels has been discussed. Besides this, the authors have provided a segmentation of the action planning process in this chapter, along with the example of how action plans are developed practically (Harvard Business School Press, 2005). Chapter 7, on the other hand, provides information on the actions that should be taken so as to keep the process of implementing the business strategies on track. The human resources are perhaps that single most important aspect of an organization that can immensely influence the process of implementing the strategic decisions. Chapter 8 of this text book thus provides information on managing the human resources of the organization as an intrinsic part of implementation process (Harvard Business School Press, 2005). On the other hand, the last chapter of the book discusses the steps using which the efficiency of the existing business strategies of an organization can be assessed. References Harvard Business School Press,. (2005). Strategy: Create and Implement the Best Strategy for Your Business. Boston, Mass.: Harvard Business School Press.