Strategic Management
...remains for the dreams of the organization, values remain positive and influential in a leader, but strategies change in order to meet the standards of these three V’s. There are key examples from the Wall Street Journal and Monday night’s lecture that support the previous. Managerial strategies often succeed and also often fail. An example of a strategy that has had and is still giving success to an organization is a device called The Treo. An article in the WSJ explains how the Treo reversed palmOne Inc. fortunes from on the edge of decline to prospering. The Treo is a great strategy; it combines its “digital camera, miniature version of the standard Qwerty keyboard and an MP3 player, the center piece of its corporate strategy”. The new product is mostly aimed at professionals in businesses. By the end of next year, however, the company’s vision is to have additional models aimed at different types of users, with functions for youths and e-mails and so on. Strategies are often successful when the correct planning is used in the process. The Treo was planned out perfectly to compete with rivals in the technology market. This device has single handedly illustrated how a product can revive a once fading company. Kevin Callahan mentions in the lecture that often an organization will stick to the same patters of success that is giving them accomplishment at that time. Kevin states that the environment changes, and the strategy to stay narrow minded and not open up to new horizons will eventually lead to the fall of a business. When you make the decision to change, it brings new uncertainties and new risks. The business world is unpredictable, so it is easy to stick to a repeating patter of kn...