Journal AFI Strategy Framework as Facilitator for Strategic Management Planning

Strategic Management Research Journal
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Strategic Management Research Journal
AFI Strategy Framework as Facilitator for Strategic Management Planning
AFI Strategy Framework refers to a model that helps organizations to conceive and implement strategies to improve performance, thus gaining competitive advantage. This model links three different management tasks, namely, strategic analysis, strategic formulation, and finally, the implementation task (Khan, 2014). AFI framework model, therefore, entails conducting the mentioned tasks starting with the analysis, where the management, after identifying a strategy and determine its importance, it goes ahead to lead internal and external analyses as well as the competitive advantage of the firm in terms of its performance. After the Analyses process, the management is then tasked with the responsibility of formulating a business strategy with a thorough focus on differentiation, cost leadership, integration, innovation, as well as entrepreneurship. Still, on the second phase of the AFI, the management is needed to formulate corporate strategy, which also entails the establishment of vertical integration and diversification, strategic alliances as well as expressing the ways to compete globally. The final step is the implementation of the formulated strategies. While implementing the plan, the implementers need to be keen on organizational designs as well as corporate governance and ethics (Khan, 2014). More illustration on how the AFI model works is shown in the diagram below.
(Mahoney, 2016)
Guiding Principles for Creating Statements that Describe Missions, Visions and Core Values
Vision, mission, and core values of an organization go a long way in determining an organization's success sorer when it comes to community initiatives. This is because the statements help the organization to focus on what is necessary with a clear understanding of what the firm is intending to achieve in the future (David & David, 2013). Additionally, the statements also play an essential role in reminding the members of an organization on how to conduct themselves achieving towards the organization's laid out goals. Therefore, to ensure that the statements fulfill their intentions, the following guiding principles need to be adhered to during the development.
First, the statements need to be concise and straight to the point. In most cases, the vision statement, which states the future aspiration of an organization usually are shorter compared to the mission statement. However, both statements need to be brief and straight to the point. Secondly, the statements need to be inclusive. Being inclusive here means that everyone should be involved in the creation of the account, and comments should only be settled when everyone is satisfied with it. Failure to include some members can lead to a rejection of the statement with a claim that they were not involved. Finally, whereas vision statements need to be inspiring and uplifting to everyone, a mission statement, on the other hand, needs to be outcome-oriented (David & David, 2013).
Comparison of Caterpillar Inc, Mission Statement to the one Stipulated in Chapt...