Business Organization And Policy Essay Example | Topics and Well Written Essays - 2250 words

Business Organization And Policy - Essay Example This essya stresses that as the implementation is going on, the performance should be measured and evaluated to ensure no deviations from the plan. If there are any deviations, the plans are modified to ensure the right path is taken. Due to continuous changes in the environment SWOT analysis is conducted so as to respond to the changes. This involves analysing the strengths and weaknesses of the organization as well as opportunities available in external environment and potential threats. This leads to the start of the planning process. This paper makes a conclusion that rapidly changing business environment forces organizations to engage in continuous planning process. Analysing the internal and external environment is essential as it enables the organization to change its structures and strategies to enable quick response to the changes. The business planning process enables the firm to set a roadmap to follow by determining the nature of the business, the product offerings, nature of competition, legal requirements and location of the business. Policies are formulated to enable the business to accomplish its objectives hence the overall business mission but control and evaluation is required to ensure activities are going according to the plan. Locating an organization in a concentrated area allows it to enjoy external economies such as; skilled labour, improved distribution channels, services and amenities, specialization, use of by-products, support from larger companies and shared technology.