The paper "How Robin Hood Developed and Implemented His Strategy" is a great example of a Management Assignment. It is necessary to consider that Robin Hood’ s organization has rather a loose structure that consequently needs development and implementation of strategies that reflect the same especially if the Sheriff of Nottingham should be brought into the picture. In this regard, therefore, description of initial strategies developed by Robin Hood was focused around strategic analysis vis-à -vis Sheriff of Nottingham. That is, he had a clear picture of what the organization wanted to achieve and he was now strategizing on what the company needs to perform to combat external competition.
This is the point where one of his approaches involved an assessment of the impact of the industry trends and how his organization positions itself within such trends. It is also important to be mentioned that another way Robin Hood developed his initial strategy so as to compete with Sheriff of Nottingham was through analysis of typical forces that we're able to pose threats and opportunities to his organization. In this particular case, he was particularly concerned about technological, demographic and competitive developments that could combat the threat posed by Sheriff of Nottingham. On how he implemented his strategy, it should be noted, from a general perspective that implementation of strategy should be done in such a manner that it does not destabilize the smooth running of the organization.
From the perspective of Galimba (2001), implementation of strategy as adopted by Robin Hood is action planning where he developed detailed action plans and tactics that intended to add value to what already existed. Question two. Organizational and environmental characteristics making Robin Hood wise in changing strategy It has to be appreciated that the consideration by Robin Hood to change the strategy as he entered his campaigns to the second year was about organizational change.
Therefore, one of the key environmental characteristics that made him wise in changing the strategy was competition from outside. Needless to mention, an action, as it is seen with Robin Hood, becomes strategic when it allows the organization to trounce its competitors. Strategy can be defined as an act that allows the organization to position itself within the demand or remain viable in the market.
(Klepper, 2007) This external characteristic if well-strategized could have helped Robin Hood in choosing new methods of remaining relevant in the market. Another external factor that made Robin Hood’ s strategic change wise is the inter-organization differences. According to Button (2009), the strategy has theories that embody specific explanations of why Robin Hood or rather the organization differed in terms of their performance. A practical example of the inter-organizational difference that Robin Hood might have realized before changing his strategy was the market imperfections such as information asymmetries whereby only a few organizations could access crucial knowledge or information. On the other hand, Robin Hood might have been influenced by internal factors such as inefficiency in the internal management of the organization.
We understand that Robin Hood’ s organization is still tender and thus prone to conflicts since they are still trying different management approaches. The other internal factor that warrants his decision could be because of a lack of strong long and short term organizational objectives. Question three. Factors to consider while helping Robin Hood revise his strategy A crucial aspect to put into consideration is the components that are directly related to his organization.
To begin with, Robin Hood ought to understand that marketing strategy has one key element---sufficiently addressing the needs of his organization in the market place. The other factor that needs to be put into consideration is the direction. When building a strategy for an organization, a critical examination of the strength and weaknesses of this organization should be given priority. On a similar note, what such strategies will accomplish for the organization also needs to be spelled out clearly. While revising the strategy, Robin Hood ought to understand that promotion is another key strategy that dictates the stability of an organization.
He needs to revise and in so doing strategize how he is going to get his product into the hands of the intended customers. For instance, Robin Hood will be advised that some organizations opt to engage middlemen and others deal with customers directly. Lastly, the strategy will have to be revised according to the prevailing environmental factors at the time Robin Hood intends to do so.
Environmental factors such as government licensing, restrictions and price controls also collide with strategies organizations have put to help them succeed. Therefore it will be necessary if Robin Hood revises his strategies after analyzing these aspects.
Button, S.J. (2009), "Organizational Behavior and Human Decision Processes"; Goal Orientation
in Organizational Research.
Galimba, M. (2001), "The Journal of Psychology"; Managing time: The Effects of Personal Goal
Setting on Resource Allocation Strategy and Task Performance.
Klepper, S. (2007) ‘Industry life-cycles’, Industrial and Corporate Change, 6 (1): 145–81.