Download The Importance of Leadership. Print.

Strategic Plan
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• Strategic planning is a process through which
organizational leaders lay down long term
procedures of how they want the organization to
be in the future.
• The strategic plans also act as guidelines of where
leaders would like the organization to be in the
future.
• It entails creation of a vision for an organization
and then coming up with procedures and
operations on how to achieve those long term
visions.
Strategic marketing
• Strategic marketing prevents business owners
from making impulse marketing decisions
• The process involves gathering information
from the markets where the business operates
• Details collected from the markets are helpful
in coming up with analyzed long-term
marketing goals for the company.
• A business owner gets to understand deeply
the markets in which their business operates.
Organizational Structure
• Organization culture is all about the people, the
procedures, positions and the cultures within an
organization.
• Organization structure is what determines how
the processes and the various departments in an
organization work together.
• It is important because it helps in solving
marketplace problems and also makes
communication to be much easier within the
organization.
International Operations
• International operations is primarily a strategy
that is used by the global companies in
coming up with effective strategies.
• The organizations evaluate both the internal
and the external environments where the
business operates.
• The decisions on how to achieve the short and
long term goals are all decided based on the
strategies that have been laid down in place.
Financial and accounting Management
• Financial management is the ability to take care
and control the finances over time in order to
enable the business meet its needs.
• Strategic planning involves giving directions to
the business so that it aligns with the visions
• For the visions to be achieved within the
timeframe put in place, the finances of the
company must be properly managed.
• The amount of money available at the disposal of
the company determines the options the
company can entertain
Compliance and Legal Considerations
• A company's compliance is very important especially
when it comes to following the law to the latter.
• Legal considerations must also be taken seriously if the
business operations are to steer off from contradictions
with the law.
• The policies of any business are said to be legally
complete at the point where such policies are free
from legal gaps.
• Business with short and long term goals should always
ensure that their operations are done within the
stipulated laws.
Internal Control and Evaluation
• One of the recipes of avoiding business failure is creating a
strong internal control and evaluation system
• A strong internal control system should be able to manage
the risks associated with the business as well as preserving
the value of the business
• The evaluation process should be able to counter the
threats that faces the organization and instead turn them
into opportunities for the prosperity of the business
• The internal control systems help in minimizing chances of
both intended and unintended fraud within an organization
• In the event that the errors occur, they are arrested at an
early stage before they become big problems to the
organization
Information technology
• Information is an integral part of development for any
business venture because it improves the
communication speeds as well as data processing
• Information tech ology can also be used efficiently to
gather a lot of market intelligence
• Cost efficiencies can also be achieved in companies
through the use of modern technology systems
• Modern technology, if used appropriately can drive
revenue growth in companies creating a competitive
advantage over rival companies in the market place
Leadership
• Leadership is all about an interpersonal dynamics and
the ability of an individual to create influence.
• A leader is someone who has the ability to direct the
rest of the people in to doing what they are supposed
to be doing within the stipulated timeframes.
• Effective leaders do not coerce the rest into doing what
the leader thinks is the correct thing for the others to
do. On
• Effective leaders take charge and lead the pack where
the rest are connected with their immense abilities to
realize their potentials
Workforce and operation management
• Workforce management is important to an
organization be cause it ensures the customers service
operations is under the right hands.
• Employee satisfaction can also be achieved through a
well orchestrated workforce management
• Workforce management duties includes creating an
organized payroll system for the organization
• Labor budgeting for the organization can also be
achieved through the workforce management system
• It is through a good workforce management that a
company can be able to maintain a positive and a
productive workforce
References
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Ayres, Ian and Gertner, Robert (1992), ‘Strategic Contractual Inefficiency and the Optimal
Choice of Legal Rules’, 101 Yale Law Journal 729
M.E. Porter(1979) “How Competitive Forces Shape Strategy,” Harvard Business Review, 57,
no. 2
Sidney L. Barton and Paul J. Gordon (1987) “Corporate Strategy: Useful Perspective for the
Study of Capital Structure?” The Academy of Management Review, 12, no. 1: 67–75.
Quinn. D. Mills (2005). The Importance of Leadership. Print.
Http://http://www.cafanet.com/LinkClick.aspx?fileticket=qwswE8roe74=. Accessed 23,
October, 2015
Chris MacKechnie (2012). Information Technology and its Importance in the Modern
Organization. Print.
International Federation of Accounts (2012). Evaluating and Improving Internal Controls in
Organizations. Web. Http://http://kontrol.bumko.gov.tr/Eklenti/9226,evaluating-andimproving-internal-control-in-organizati-.pdf?0. Accessed 23, October, 2015