Free Accounting Dissertations - We Should Notice That The Involvement Of Too Many People In This Stage Could
We should notice that the involvement of too many people in this stage could have a negative influence to the result. On the other hand, we should evaluate the relation between the plan and the target that is requested, i.e. to estimate the final profit if there is to be any for the firm. In case, that the total cost of the project is higher from the profit that is going to be produced from it, then the specific strategy should be abandoned. In all cases, the decision made in this stage has to be based in the importance of the time, the cost and the profit. After having agreed to the vision, the next step is to decide the methods that are going to be followed in order for the plan to get realized. The issue that should examine first is the relation between the result and the applied method, i.e. if there is real connection between them. The best way to define the most suitable methods for the achievement of the specific strategy is the use of a research of the market. This could be done by a member of the team who could inform the firm for the standards of the specific industry (that of the firm) at that specific point of time and who also could help to measure the position and the competitiveness of the firm in the market. In order for the above methods to be productive and operate successfully towards their destination, they have to meet the following requirements: a) they should be suitable for the firm as an entity and not for a part of it, b) they should be decided after a change of ideas between either the members of the team and the customers (wherever this could be possible for the firm of this paper such an idea could be feasible to get realized), c) to be well defined and suitable for the achievement of the specific plan (in this way the team that is going to execute them is more enthusiastic and the whole work is done with the simultaneous efforts of all the members), d) if they have low grade of priority they should be abandoned and e) they should be designed in accordance with the specific targets, the measures, the priorities and their results. This could help to decide which of them need more efforts and resources.
The major issue that should be considered when deciding for the methods that are going to be applied for the realization of the specific strategy is the relation between the desired vision, the measures (that will show the progress of the realization of the vision), the current and the desired results (that are produced from the realization of the methods which have designed especially with the aim of the achievement of the vision and which are evaluated under the current market’s measures). Especially for the accounting firm of this paper, one of the basic targets should be the improvement of the time needed for a decision to be made.
