Competitive Strategy Organizational Aims

Questions: First paragraph should be regarding the concept of it. Second paragraph should be example of two or three components from the following five companies :a)Agricultural companies in Australiab)Tourism in australia (also compare it with contries like Fiji or Bali or Thailand)c)Pharmaceutical contries (any country)d)Heavy Machinery(any country)d)Dairy industries of Australia Answers: What is Strategy? From the e-learning activity of the week 3, the most significant fact, which has been understood, is that the concept of organizational strategy should not be confused with the goal of an organization. More specifically, it could be said that organizational strategies and organizational aims are related though both have individual concepts. The video teaches that organizational strategies are implanted to achieve the organizational aims (www.youtube.com 2016). The video informs that the word strategy has been derived from the Greek word Strategos that is indicative of the art of the General. In the other words, it can be said the ancient word Strategos implicates the art of the war generals. However, it has also been identified that in the words of Suntzu a Chinese General, strategy is defined as the distinct art of war. Therefore, it can be perceived that an organization most of the time fails to compete with the rival companies and even fails to polish their core competencies as t hey fails to distinguish between their purpose and the policies. It can be stated after reviewing the video that organizations requires to formulate crucial tactics those could cumulatively support to achieve the aim. On the other hand, it has been understood that to incorporate appropriate strategies for achieving organizational goals, an organization requires to consider four major premises, which are a) the place for competition, b) value proposition for the target market, c) the particular resources or capabilities should be utilized and d) the convenient way for sustaining the proposed unique value. The ideas acquired from the e-activity learning can be fruitfully recommended for an enterprise in the sector of the agriculture, as the GrainCorp limited that operates in territories like New South Wales, Victoria and Queensland. The idea that strategy should accompany an organizations aim could be suggested for the considered companys storage and logistic department. The company is lacking in its infrastructure facility, therefore it can be said that by considering the aforementioned four premises, the company can improvise their current decision to invest near about $60 million to upgrade their grain storage (www.afr.co 2016). On the other side, to compete with its prime rival organization like AWB Limited, the company should concentrate on improvising its policies regarding value proposition. The company should consider the fact that wheat exporters are finding it hard to identify proper buyers. In such a situation, every wheat-exporting organization is attempting hard to propose potential value to sustain its position in the market (Grant and Jordan 2015). Therefore, following the idea of the video that says that one of the crucial stages of preparing a valid strategy is to propose unique value to the target market. The enterprise should initially try to set answers for this particular question regarding value proposition. Therefore, they should try to determine valuable resources those could be successfully utilized by them. In this case, the company could think about modifying their present values or might try to add some unique values considering the present context. Business Model Innovation The video enlightens some significant information, which could help to get success in the business context as well as can assist fruitfully to sustain a business in future. The video is indicative of the fact that companies need to change its usual track of success and should concentrate on improvising or modifying the existing model of their business operations. Possibly the most significant lesson of the video is that the present success or the policies for achieving success may not prove successful for the future success (www.youtube.com 2016). It can be stated after the e-learning activity that companies should not input their entire focus on satisfying its present customers and the daily business. Therefore, every organization should keep a generous amount of time and interest to concentrate on future opportunities. Therefore, it can be extracted that innovation is the key for future success. On the other side, it can also be interpreted from the video that by applying the concept of innovation, an organization can achieve two potential aspects. An organization either can increase customer value for their product/service or can minimize their cost of production. Therefore, it is understandable that innovation is the master key that supports a company to achieve two of its most crucial aspects regarding success and sustainability. Moreover, it can be said that innovation is key for business sustainability and competitive advantages. However, the video implicates that a successful innovation can be obtained through learning and recombining the existing policies and models (Amit and Zott, 2012). It can be finally underpinned that to successfully practice the tool of innovation, an organization needs to follow four steps, which are initiation, ideation, integration and implementation. The acquired knowledge can be applied on the company Meredith Dairy belonging to the dairy sector of Australia. The concepts regarding the business innovation model could prove successful the company as per the fact that the company may find loss in future. It is being predicted that the dairy industry of Australia has several chances to face issues regarding the price retail milk, water acquisition, and carbon and quality stuffs (Beggs et al. 2015). In such a crucial condition, the considered company has several chances to find problems in future regarding its sustainability. Following the concepts gathered from the video, it could be stated that Meredith Dairy should optimize a new as well as innovative model for retaining its quality staffs as per the fact that almost every rival organizations in this individual sector is trying their best to acquire quality employees. The organization is well known for providing quality dairy products due to having trained and devoted employees. Considering the aforementioned issues, it is to adhere that the company should follow the four steps of business innovation and practice it on the ground of human resource management. On the other hand, the acquired concept regarding business innovation model can be applied on the context of the companys plan on resetting the retail price. In that case, the concerned company can start with initiating a new yet relevant idea and thereafter integrate it with the existing one. References Amit, R. and Zott, C., 2012. Creating value through business model innovation.MIT Sloan Management Review,53(3), p.41. Beggs, D.S., Fisher, A.D., Jongman, E.C. and Hemsworth, P.H., 2015. A survey of Australian dairy farmers to investigate animal welfare risks associated with increasing scale of production.Journal of dairy science,98(8), pp.5330-5338. Financial Review. (2016).Twin challenges for GrainCorp as competition bites. [online] Available at: https://www.afr.com/brand/chanticleer/twin-challenges-for-graincorp-as-competition-bites-20150514-gh1gx4 [Accessed 15 Dec. 2016]. Grant, R.M. and Jordan, J.J., 2015.Foundations of strategy. John Wiley Sons. YouTube. (2016).Business Model Innovation. [online] Available at: https://www.youtube.com/watch?v=B4ZSGQW0UMI [Accessed 15 Dec. 2016]. YouTube. (2016).What is Strategy?. [online] Available at: https://www.youtube.com/watch?v=TD7WSLeQtVw [Accessed 15 Dec. 2016].