INTERNATIONAL PUBLISH CORPORATION

Strategic Management of International Publish Corporation (IPC)



Strategic Management of International Publish Corporation (IPC)

What strategic alternatives are available to the organization?

Strategic management alternatives of International Publish Corporation(IPC) are the set of choices available to an organization in any decision-making situation. Alternatives are present in all decision-making activities at all (corporate, business, and functional) levels of the organization. Typically, “strategic” alternatives refer to the set of strategies under consideration at the corporate and business levels of an organization as a result of a formal planning process. These strategic decisions often involve increasing or decreasing the scope of the organization's activities. Basic types of strategic alternatives include expansion, contraction, and maintenance strategies (Pearce, 2009).

In planning models, the generation and evaluation of strategic alternatives is the process step that follows analysis of the organization's internal and external environments. Armed with this analysis and the mission and objectives of the organization, the strategist can formulate strategic alternatives for where the organization wants to be, can be, and should be in the future. After evaluating the strategic alternatives based on each one's ability to achieve the objectives (financial as well as nonfinancial), the alternative would be implemented (the next step in the planning process) (Ginter, 2007).

What are the pros and cons of these alternatives?

The pros and cons of these alternatives are direction setting in nature and involve the entire organization as opposed to a single operating unit or department. No hard and fast criteria exist to delineate strategic from operational alternatives. However, IPC proposed that the more enduring the effect and the greater difficulty in reversing it, the more strategic a decision is. Important operational alternatives exist in all organizations. The set of strategic alternatives under consideration at any given time is context specific. In addition to organization level, strategic alternatives are often ...