Critical Evaluation Of Strategic Growth †MyAssignmenthelp.com

Question: Discuss about the Critical Evaluation Of Strategic Growth. Answer: Strategic foresight is a kind of future-oriented thinking that produces long-term business growth and strengthens sustainable condition of the business. There are several upstream processes of technological development of different plans and policies that introduces definite vision of the organization (Bamiatzi Kirchmaier, 2014). The thesis statement of this essay pointed over the understanding of long-term issues and combination of different methodological anticipatory for an organization. Selected strategic foresight agenda has imposed on 2014-2015 intercessional periods and that constantly expanding over the chances of foresight (Fairclough, 2013). In addition to that identifying models and generation of views and graphs are important aspects of an organization. The regulation of best foresight methods and key technological interpretation over a business will provide sustainable future tradition to an organization. There are some foresight experiences are also noticed on leading business brands but most of the case that provide the best guide to plan and vision (Hill, Jones Schilling, 2014). If development of strategy is not properly imposed then required vision is merely a statement for the company. Thus, to make a proper mapping effort and establishment of common phenomenon it is important to provide generalize time-bound situation for decision making process of the company. The most evaluation thinking over strategic influence and the best piece of the situational managing and modeling is revised version of that issue (Ward, 2016). There are several countries who have implemented these facilities of strategic foresight to manage the organizational problem and difficulties. Examples like, Japan has done their progress in the technological field as they have applied entire possible technological transaction for further development of organization (Grant, 2016). Japan had used the Delphi method instead of this method and these are reasons that similar exercises have been found in Japan and China. This is technological foresight that has revised every day for development of a company. In another instance, USA had implemented solution in public and private sector organizations (Rothaermel, 2015). Technological enhancement and situational knowledge understanding is the key issue over the place and that creating concern thinking for government. Another implementation has found in New Zealand where their tech sectors are doing initiative to make the considerable change in banking sector of those countries (Cui, Meyer Hu, 2014). The funding process, as well as business tangible assets accumulation has taken leaps and bound jump into high rate of an investment over bank (Azzopardi Nash, 2013). Therefore it can be concluded that business always needs some clear sense of evaluation and vision to choose correct option in business. From the above findings it was clearly notified that every country has their own strengths and these strengths have been supported by the government as well. Banking, technological up gradation, transaction methods in the organization all these are supposed to consider as one step after above the modern polices of normal understanding. Thus this thinking has made changed environment in terms of nations perspective. In case of implementing technological or organizational foresight it is quite important to understand the cases of universal acclaimed positioning and how they will behave in an organization of developing country. Strategic foresight needs to be implemented in an organization or nations economy just to evaluate and understand the positioning of company and impacted over the legal and ethical relation with company and nation. Brand positio ning, Staff relationship, and intangible issues are the activities that precede practical way of organizational narrative. There are legal and general cases and from the universal point of view, revolution is business is created by environmental change that has been imposed in new strategies in business. An organization needs strategic foresight in order to defend their company in the sustainable business condition and mitigate challenges in adverse situations. References Azzopardi, E., Nash, R. (2013). A critical evaluation of importanceperformance analysis. Tourism Management,35, 222-233. Bamiatzi, V. C., Kirchmaier, T. (2014). Strategies for superior performance under adverse conditions: A focus on small and medium-sized high-growth firms.International Small Business Journal,32(3), 259-284. Cui, L., Meyer, K. E., Hu, H. W. (2014). What drives firms intent to seek strategic assets by foreign direct investment? A study of emerging economy firms.Journal of World Business,49(4), 488-501. Fairclough, N. (2013).Critical discourse analysis: The critical study of language. Routledge. Grant, R. M. (2016).Contemporary Strategy Analysis Text Only. John Wiley Sons. Hill, C. W., Jones, G. R., Schilling, M. A. (2014). Strategic management: theory: an integrated approach. Cengage Learning. Rothaermel, F. T. (2015).Strategic management. McGraw-Hill Education. Ward, J. (2016).Keeping the family business healthy: How to plan for continuing growth, profitability, and family leadership. Springer.