The Effect of Formal Strategic Thinking about Firm Functionality and Work Satisfaction

Introduction

Telekom Malaysia International (Bangladesh) Ltd. (TMIB), established in 1996, is known as a joint venture business between Telekom Malaysia Berhad (TM) and A. T. Khan & Co. Limited. It works under the manufacturer ‘AKTEL', which can be one of the major telecommunication service suppliers in Bangladesh. AKTEL became the 1st mobile agent to connect Teknaf and Tetulia, the northern and the southern area of most points of Bangladesh correspondingly. AKTEL was first to provide seamless coverage along the Dhaka-Chittagong motorway, and includes all sixty one allowable schisme of Bangladesh. It has much more than six million subscribers nationwide. AKTEL even offers the widest international running around service available in the market, connecting 440 operators across 185 countries. Despite most its successes, TMIB is far from achieving its company goal to become the leading answering service provider in Bangladesh. Within an organizational environment, strategic organizing plays a serious role to own desired objective. This research intends to review the effects of formal strategic considering company efficiency and task satisfaction in context of TMIB in Bangladesh. Quite a few studies have got focused on the impact of proper planning on performance in designed country. This kind of present examine differs from your previous research by doing the analysis in framework of an rising economy, Bangladesh. This research also investigates the effect of formal tactical planning on work satisfaction.

Statement of the issue

This kind of proposal hopes to investigate formal strategic preparing and its impact on company performance and task satisfaction in context of TMIB. The effect of formal strategic considering company efficiency and work satisfaction, mediated by business structure and environmental turbulence will be looked at in this analyze. Previous research (Robbins, 2003) conducted in USA shows the positive effect of strategic intending to job satisfaction. In context of Bangladesh no such studies were carried out within this topic. This inspired the researchers to conduct a research to explore the a result of formal ideal planning on task satisfaction in context of TMIB in Bangladesh. Formal strategic preparing also has an effect on company performance. Many studies (Covin, Slevin, and Schulz, 1994; Dess, 1987; Dess and Robinson, 1984, Golden, 1992; Hart and Banbury, 1994; Powell, 1992; Venkatraman, 1990; Venkatraman and Ramanujam, 1986; Verhage and Waarts, 1988) have demonstrated that formal ideal planning positively effects firm performance. The current study will also investigate the effect of formal strategic thinking about company overall performance in framework of TMIB in Bangladesh.

Purpose of the research

The objective of the study is always to present and test an auto dvd unit to identify formal strategic organizing and its influence on businesses. One of the reasons this study is interested on formal strategic organizing because it brings about important consequences such as firm performance and job pleasure. A review of twenty nine relevant studies by Greenley (1994) revealed that the majority reported data came from the USA. The frameworks and models that are made are not always applicable to developing or emerging countries (Koufopoulos, Lagoudis, and Pastra, 2005; Animosites, 1988). Greenley (1994) also notes that " even though the principles of strategic organizing should, naturally , have general application, there can be national variations in strategic preparing, country based mostly influences coming from business tradition, and impact on from several national trading conditions. ” This analyze therefore attempts to investigate the relationship between proper planning, organization performance, and job pleasure in a different environmental context, that of the developing transition economy of Bangladesh. Most of the previous researches only related performance to strategic planning. Glaister, Dincer, Tatoglu,...

Referrals: Ackelsberg, L., & Arlow, P. (1985). Small businesses perform plan and it does pay up. Long

Range Preparing, 18(5), 61-67.

Ackoff, R. L. (1970). A Concept of Corporate Organizing. New York, NY: John Wiley and

Sons.

Ansoff, H. I actually., Declerck, 3rd there’s r. P., & Hayes, Ur. L. (1976). From Ideal Planning to Tactical

Administration

Armstrong, M. S. (1982). The value of formal planning for ideal decisions: report on

scientific research

Can burn, A. C., & Rose bush, R. Farreneheit. (1998). Marketing Research. NJ-NEW JERSEY: Prentice area.

Boyd, K. B. (1991). Strategic organizing and financial performance: a meta-analytic assessment.

Journal of Managing Studies, twenty eight, 353-374.

Boyd, K. B., Dess, G. G. & Rasheed, A. M. A. (1993). Curve between archival and

perceptual steps of the environment: causes and consequences

Can burn, T., & Stalker, G. M. (1991). The Administration of Creativity. London: Tavistock.

Capon, D., Farley, T. U. & Hulbert, L. M. (1994). Strategic preparing and economical

performance: more data

Chang, S., & Shelter M. (2007). A study on relationship among leadership, organizational

culture, the operation of learning organization and employees' task satisfaction

Cooper, D. L., & Schindler, P. S i9000. (2001). Business Research Strategies (7th male impotence. ). Boston:

McGraw Hill.

Covin, J. G., & Slevin, D. S. (1988). The influence of organizational structure on an

entrepreneurial top rated management design

Covin, L. G., & Slevin, Deb. P. (1989). Strategic administration of tiny firms in hostile and

harmless environments

Covin, J. G., Slevin, D. P., & Schulz, 3rd there’s r. L. (1994). Implementing strategic mission:

effective strategic, structural and tactical alternatives

Daft, Ur. (1992). Firm Theory and Design. Street Paul, MN: West Creating.

Day, G. S., & Wensley, 3rd there’s r. (1988). Assessing advantage: a framework to get diagnosing

competitive superiority

Dess, G. G. (1987). Consensus in strategy formula and company performance:

competitors in a fragmented market

Dess, G. G., & Robinson, 3rd there’s r. B. (1984). Measuring organizational performance inside the

lack of objective procedures: the case of the privately-held firm and conglomerate

Dincer, O., Tatoglu, E., & Glaister, K. W. (2006). The strategic planning method:

proof from Turkish firms

Drazin, R., & Ven de Ven, A. (1985). An examination of alternative forms of

contingency theory

Duserick, N., Huang, Watts., & Dai, Z. (2007). The Impact of Effective Ideal Planning

and Command on Worker Satisfaction

Eisenhardt, K. M. (1989). Making fast ideal decisions in high-velocity environments.

Academy of Managing Journal, 32, 543-576.

Fisher, F. Meters., & McGowan, J. M. (1983). Around the issues of accounting prices of return to infer

monopoly profits

Fogarty, T. (1994). Public accounting experience: the influence of demographic and

organizational attributes”, Bureaucratic Auditing Log, 9(7), 12-20.

Fredrickson, M. W., & Mitchell, To. R. (1984). Strategic decision processes:

comprehensiveness and performance in an sector with an unstable environment

Gershefski, G. W. (1970). Corporate and business models – the state of the art. Supervision Science,

16(6), 303-312.

Gibbons, L. T., & O'Connor, To. (2005). Impacts on proper planning operations among

Irish SMEs

Ginsberg, A. & Venkatraman, N. (1985). Contingency views on organizational

Strategy

Glaister, E. W., Dincer, O., Tatoglu, E., Demirbag, M., and Zaim, S. (2007). A causal

analysis of formal tactical planning and firm overall performance

Gluck, Farreneheit., Kaufman, T., & Walleck, A. T. (1982). The four levels of tactical

Supervision

Golden, B. R. (1992). SBU technique and performance: the moderating effects of the

corporate-SBU marriage

Grant, Ur. M. (2003). Strategic preparing in a thrashing environment: facts from the oil

Majors

Greenley, G. E. (1986). Does proper planning improve company functionality?. Long

Range Planning, 88, 101-109.

Greenley, G. E. (1994). Strategic planning and business performance: an appraisal in the

empirical evidence

Greenley, G. E., & Foxall, G. 3rd there’s r. (1997). Multiple stakeholder orientation in UK

corporations and the ramifications for company performance

Hackman, J. 3rd there’s r., & Oldham, G. Ur. (1975). Development of the Job Classification Survey.

Journal of Applied Mindset, 60, 159-170.

Haines, T. R. (1988). Making planning work in producing countries. Long-range

Planning, 21(2), 91-96.

Hambrick, D. C. (1980). Operationalizing the concept of business-level strategy in

research

Hansen, G. S., & Wernerfelt, N. (1989). Determinants of firm performance: the relative

importance of economic and organizational factors

Hart, S i9000., & Banbury, C. (1994). How strategy-making processes can make a difference.

Strategic Managing Journal, 12-15, 251-69.

Herold, D. Meters. (1972). Long-range planning and organizational performance: a cross-

Validation examine

Hodson, L. (1991). Place of work behaviors: great soldiers, easy operators, and

Saboteurs

Homans, G. C. (1961). Social Habit: Its Primary Forms. New York, NY: Harcourt,

Support and Community.

Hopkins, W. E., & Hopkins, S i9000. A. (1997). Strategic planning-financial performance

relationships in banks: a causal exam

Hoppock, R. (1935). Job Satisfaction. New york city, NY: Harper & Row.