Entergy Corporation – Aligning Operational Needs with Business Strategies

The company that is to be utilized for paper is Entergy Corporation.

ANSWER

Aligning Operational Needs with Business Strategies

Recent studies and research in business have outlined the significance of having a company’s operational needs aligned with the business strategies. Porter’s Five Forces have played primary roles in ensuring the implementation’s success; the forces highlight the strength and attractiveness of a given market. The Five Forces are usually used to analyze and determine the profitability of an investment. Porter’s Five Forces Model includes supplier power, buyer power, competitive rivalry, the threat of substitution, and new entry threat. The supplier power involves the capabilities of suppliers in shooting up prices. The supplier power’s critical determinants are the distinctive nature of the good or service, the number of suppliers involved in certain goods and services, comparative size and intensity of the supplier, and the expense of changing from one supplier to the other.

Buyer power comprises buyers’ abilities to lower the prices; the determining factors include the available number of buyers in a given market, the significance of every buyer to a given company, and the expenses involved when a buyer changes from one supplier to another. A corporation with less powerful buyers enhances more control over the price determination. Competitive rivalry as the third force involves the ability and number of viable competitors in the market. Entergy Corporation’s success will be enhanced when the company assesses the competitors, available unique goods and services, thus boosting their market control. The threat of substitution as a force can be described as a customer’s ability to change the taste in goods and services due to the readily available alternatives in the market (Kawira 2017).

Entergy Corporation should then invest in unique goods and services; readily available alternatives in the market minimizes market attractiveness and supplier control. Finally, the threat of new entry is the fifth force and is described as the decrease in profitability due to new entrants; to ensure security and control of the market, the corporation should have entrance policies and economies of scale that controls the number of new entrants. The current leadership style In Entergy Corporation will pave the way for organizational productivity and duty discharge by ensuring the cementation of contained regulatory processes; the company will also consolidate commercial and risk determinants for the company’s wholesale product business related to non-utility group.

The re-restructuring was deemed useful based on the resolution to unravel the business infrastructure relate to the recommended offshoot. The implemented leadership enhances the attention to the corporate structure. Also, it encourages the growth and development of selected leaders, the current leadership style is recommended, and there won’t be any need to adopt another style. Effective leadership is typically associated with performance and results. Any effective leader should have a vision, train and mentor others, show integrity, possess effective communication, always lead by an example, empower others, identify success and finally be able to motivate and inspire others. Any leader that lacks the above-highlighted characters is considered an ineffective leader. Most effective leaders display high qualities of management due to their ability to handle challenges under various circumstances (Sardana, Terziovski & Gupta 2016).

In most companies, the transformational leadership model is most recommended to enhance impactful managerial change. Some of the required actions in aligning operational needs with business strategies are identifying the company’s primary mission, programs, resources, and areas of concern, identifying the successful processes, and requiring adjustment. The company should also identify suitable approaches to implement the adjustments and finally have the highlighted adjustments in the form of strategies in the drafted strategic plan and an exact blueprint inclusive of an alignment path

References

Kawira, B. (2017). Effects of porter’s five forces on strategy formulation: A case study of Standard Chartered Bank Kenya (Doctoral dissertation, United States International University-Africa).

Sardana, D., Terziovski, M., & Gupta, N. (2016). The impact of strategic alignment and responsiveness to market on manufacturing firm’s performance. International Journal of Production Economics, 177, 131-138.