Policy and strategy frameworks and approaches

Policy&Strategy

Policy and Strategy

The primary requirement of any strategic approach is for it to sustain the organization in resolving an impending problem and through this, aid the company in reaching its overall goals. The first step is that of identifying the problem to be resolved. Say for instance the current problem is that of increased employee turnover. The management will have to analyze the matter and the strategic approach from three different angles: position, resources, and patching. In terms of competitive position, the problem affects the organization as it reduces the quality of the manufactured goods and delivered services, reducing as such the satisfaction felt by the customer, which in turn results in a diminished market position. Then, in terms of resources, increased employee turnover directly affects the human resource and reduces the company's capabilities. Finally, in terms of patching, the problem raises the need for quick solutions.

Since the increased employee turnover affects three different corporate features, the strategic approach will have to be decided based on these features. As such, in regard to the position matter, the newly developed and implemented strategy will have to reduce the employee turnover as to increase the efficiency of the operational process and increase the overall quality of the manufactured goods and delivered services. All these will then help the organization better address and satisfy the needs of its customers, all to culminate with an increased market share and a superior position comparative to the competition. Then, in terms of resources, the strategies implemented have to consider the motivation, remuneration and retention of the human resource. This strategic approach will reduce the employee turnover and will generate increased levels of employee performances, all to aid the organization. Finally, in regard to patching, the company has to find quick ways to resolve the problem. This basically means that the employer will have to come up with a short-term strategy that will minimize the damage and will complete it with a long-term strategy that will resolve the problem.