Generally speaking, the paper 'McFarlene Solutions - Strategies" is a perfect example of a management assignment. The success of any organization is largely dependent on the manner the organization is able to develop strategies and processes through which the vision of the organization can be achieved. This requires that the vision and mission objectives of the organization are aligned in such a manner that it looks towards gradual transformation which is possible only if the process followed for strategy development is properly developed. This essay looks towards presenting the manner the different strategies were used in McFarlene Solutions and the manner in which the business looked towards developing the process through which strategy development for the future will become possible.
This will thereby help to prepare employees for the future and ensure that the business is able to continue in its endeavor without any problems. McFarlane Solutions highlights an excellent case where CEO Bill McFarlene looked towards developing strategies that fitted their business model. The strategies adopted by the company highlighted foresightedness as the CEO was able to understand the evolving market environment and based on it find out the future business propositions.
This enabled McFarlene Solutions to be able to work in the same manner as the effect of the changing business environment was largely limited. This enabled McFarlene Solutions to change with the changing business environment and provided an opportunity through which the business was able to work in the correct direction (Chew, Cheng & Petrovic-Lazarevic. 2006). The most important aspect that McFarlene Solutions considered while looking towards developing strategies for the future was that the CEO was able to align the vision and mission statement.
Identifying the resources and using them in a manner through which the business was able to achieve its mission helped to ensure proper strategies according to the evolving business circumstances (Jay, 2010). The fact that the CEO was able to find out different opportunities and while looking to do so didn’ t deviate from their core business ensured that the business was able to keep their core strengths and looked towards developing the entire business acumen around it. This helped the strategies to be better developed as it matched the changing business environment and enabled McFarlene Solutions to be able to deliver higher standards. In addition to it, McFarlene Solutions also looked towards ensuring clarity and delivering a performance that matched the brand image of the company.
This helped the company to work in the direction and enabled to identify the best alternative which will help to multiply the value of the strategies which were used by the organization. The only loophole which was prevalent in the strategy development of McFarlene Solutions was that the involvement of people from the entire department was limited.
This was the problem that McFarlene Solutions will have to encounter when their CEO retires as the lack of experience and process in this direction will have an impact on the future potential of McFarlene Solutions. The fact that Bill looked towards taking all decisions by himself resulted in a lack of succession planning due to which the company was finding it difficult to find a successor who would be able to lead the company in the absence of Bill. This was an area of concern as the present strategies are providing large benefits to the company but the future potential of the company in the same arena is doubtful as the lack of knowledge and expertise will hamper the future prospect and will provide the competitors and opportunity through which they will be able to move ahead.
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