| dc.description.abstract | All organization are environment depended. They are in constant two way interaction
with the environment and depend on it for continued survival. All organizations operates
as open systems. This means that they take assortment of resources from the
environment, add value and then deliver them back to the environment. Strategy is
therefore not statute but it keeps changing even within an organization. As a result it
would not be possible to device a single prescription for response to challenges which
would apply to all industries and firms.
According to Pearce and Robinson (1997) in order for organization to achieve their goals
and objectives it is necessary for them to adjust to their environment. An organization
success depends on its responses to changes in the environment. The environment can be
classified into the internal environment and external environment. The internal
environment is composed of elements within the organization, these include, current
employee, management philosophy, managerial leadership styles, organization cultures,
financial resources, technology, human resources and standard operating procedures. The
internal environment is within the control of the organization and is composed of
controllable variables. However, the external factors are not controllable. To
comprehend a co-operations talk environment , management needs to monitor and
understand what each stakeholder group wants and needs from the co-operation. Each
stakeholder group uses its own criteria to determine how well a co-operations is
performing and constantly judges managements action in terms of their effect on the
group. To the extend that a stakeholder group business that its not being treated
properly, it will pressure the organisation to remedy the situation.
Therefore all levels of management must be aware not only of principle stakeholders
in the co-operation task environment strategic managers have the responsibility of
keeping track of concerns of important stakeholders and consider there decisions when
making strategic decisions. | en |
