Corporate Governance Case

EXECUTIVE SUMMARY

Nowadays, business strategy is a core element of all firms across the globe. Before building a business, participating in a new sector or new market, successful firms always deliberately research market trends and their strengths and weaknesses to create an appropriate strategy. A company’s vision, mission, objectives and core competence are important factors in business strategy. This assignment will focus on the analyses and evaluations about different aspects of business strategy and spotlight a company’s vision, mission, objectives and competences towards crafting strategy.

INTRODUCTION

The responsibility of a company’s strategic management is to arrange and distribute resources in a manner that allows the organisation to gain competitive advantage (Noe et al. 2015). Hence, the company’s business strategy should be cascaded through the organisation and all departmental functions must be vertically integrated into its strategic management.

This report is intended to undertake strategic planning for Project Systems & Solutions Ltd. An overview of the company is presented, in addition to an examination of the company’s vision and mission statements, and organisational ecology, along with appropriate recommendations for the company’s strategic direction to facilitate improvement or change

CONCLUSION

Business strategy is essential in defining the growth of a business. There are many important factors that impact on business strategy such as organization structure, leadership style, and human resources. PSSL’s vision, mission, objectives, strategy and approach to strategy execution will never be final. Managing the company’s strategy will be an ongoing process and for successful execution they must possess the right culture and variables, such as highly motivated staff that are able to work in collaborative teams. Another facet of this relationship will be effective corporate governance, which will require the company’s directorship providing oversight in the company’s direction, evaluating procedures and reporting practices, and realigning the company where necessary towards pursuit of sustainable competitive advantage.