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Organisational (Business) StrategyStrategy

In: Strategic Leadership for Business Value Creation

Author

Listed:
  • Don Argus

    (Australia Advisory Board)

  • Danny Samson

    (University of Melbourne)

Abstract

Every successful organisation has at its foundation a sound and sensible strategy. Strategy defines purpose, goals and the means for achieving these. It exists in large organisations at a number of levels, from whole of organisation level to business unit and department, ultimately linked to team and individual goals and plans if it is to be fully mature and effective. Strategy is discussed in terms of its capability to guide decisions, from a strategy formulation perspective, using BHP and NAB as examples of large business, that variously were successful strategically, but not always so. Competitive strategy and ways of effectively implementing strategy are discussed. In the appendix to this chapter, we examine operational effectiveness, as it relates to implementation of strategic direction and strategic initiatives.

Suggested Citation

  • Don Argus & Danny Samson, 2021. "Organisational (Business) StrategyStrategy," Springer Books, in: Strategic Leadership for Business Value Creation, edition 1, chapter 0, pages 47-88, Springer.
    • Handle: RePEc:spr:sprchp:978-981-15-9430-4_2
    DOI: 10.1007/978-981-15-9430-4_2
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