Importance of Organizational Strategy

Discuss about the Partnership and Relationship Between Organisations.

In the current times to meet the sustainability challenges, the agriculture business needs to face various transformations (Rezvani et al. 2016). The nutritious food needs to be produced using less resource that brings maximum benefits to the rural communities and farmers. The transformation will be done by facilitating new approaches and extensive coordination among the stakeholder within the agriculture segment.

As defined by the global leaders, through partnership and coordination, the firm should be able to build a common set of core principles, a shared vision. The main aim is to share the approach into a flexible framework that can be effectively applied in any nation. This helps in serving the following benefits

• Stakeholders and country leaders works to strengthen scale and build the national level partnership in agriculture.
• The global organizations partners to increase sustainable agriculture development and food security through multi stakeholder approaches (Randhawa et al. 2107).
• This helps in transforming the agricultural sector by leveraging market based approaches and making a coordinated effort by all the stakeholders. This includes government, civil society, private sector and the stakeholders.
• A clear understanding of all the other stakeholders’ goals, capabilities and perspectives can be obtained.
• New expertise is developed through mutual knowledge of diverse stakeholders. This leads to development of new and innovative business as well as collaboration models.

Before entering into the partnership it is highly important to know the critical elements relating to the organizational strategy. This includes organization mission and vision statement that helps in setting the company objectives. An organization mission statement helps in stating the reason or purpose of its establishment (Karatepe and Aga 2016). Few of the organization have missions that are profit oriented while other business makes its customer the major focal points. On the other hand a company’s vision helps in providing the direction for the organization.

If the organizational mission and vision is not properly assessed then it would affect the profitability and efficiency of the organization in the long-run. If the employees are not aware about the company’s mission, vision or goal then huge amount of resources are wasted. The partners should be aware about the organizational mission as it is important for existence. This also reflects the beliefs and values of top-level management in the organization (Albers, Wohlgezogen and Zajac 2016) .

Partnership is the main framework for working together; establishing effective partnership often takes time. Leadership styles within an organization affect the productivity, effectiveness and motivation of the employees. Various types of leadership style create different outcomes within an organization (Belias and Koustelios 2015). The way a leaders manages its team is the major driving factor behind the accomplishment of team result. The major byproduct of each department is the organizational efficiency is highly influenced by the various forms that a management can apply. Collaborative leaders generally have different focus that helps in safeguarding and promoting the collaborative process. Participative leadership style would help in encouraging the employees in the decision making process for the agribusiness. Participative leaders can help in making creating solutions and foster collaboration. Transformational leadership style is also helpful in developing strong teams that is related with developing harmony between management, employees and departments. The leader also helps in placing an emphasis on building interpersonal and cross-departmental relationships.

Leadership Style and Emotional Intelligence

Emotional intelligence is an individual’s technical competencies. The presence of emotional intelligence within a group helps in accelerating the rate of group’s development. All the team members of an organization need emotional intelligence at an individual level. In collaborative partnership environment, high emotional intelligence helps in creating an outcome that exceeds the amount of their individual talents (Rezvani et al. 2016). Emotional intelligence within a collaborative firm helps in the organization to promote perfect balance between their relationship and tasks. Team effectiveness is improved when the emotional intelligence of the overall team increases. This group dynamics also helps in improving the skills of each and every individual that results in greater productivity.

The risks associated in a partnership between the organizations are not probably due to losing fund by a partner and uncertainty of all the organization.  Risks mainly arises as the collaborations and organizations needs to establish future objective against uncertainty backgrounds Risk management framework needs to be implemented and practiced by the organization (Albers, Wohlgezogen and Zajac 2016). This methodology helps in developing policies and reporting procedures that is needed to be effectively communicated to all the existing stakeholders. If the risk management framework is not implemented then the risks present in the organization becomes too difficult to identify and organization. The organization would fail to assess the sustainability and viability of the partnership between the agribusiness organizations so that the capacity to fulfill the required objectives can be known.

• Workplace Health and Safety (WHS)

Workplace Health and Safety legislation in Australia furthers aims to prevent diseases and injury to all the existing individuals present in the organization. It helps in providing proper training to all the workers that includes advices, education and formal training and information. In addition to this audit of the organization and regular inspections of the workplace is made after consulting with the employees (Wisuttisak and Wisuttisak 2016).

• Equal Employment Opportunity (EEO)

Equal Employment Opportunity facilitates in providing equal opportunity in employment. The federal laws enforced are responsible in making it illegal to discriminate any employee’s job applicant because of an individual’s race, color, religion, disability, national origin and genetic information. This law is applicable for hiring, firing, promotions, benefits, wages and training (Randhawa et al. 2107).

Strategic business partnership helps in providing an alliance that leads to provide competitive advantage and leads to access broader range of expertise and resources. Strategic partnership involves maintaining partnership and offer different skill sets and product lines. It is important to focus on outcome otherwise the approaching partner for the agribusiness that would cause them to lose interest (Heimeriks, Bingham and Laamanen2015).

Risk Management Framework and Workplace Health and Safety

The formulation of a required roadmap for data creation for sustainable development of an organization helps in bringing together all the stakeholders (Lewis 2015). This leads to defining the procedure that is related to the achievement of major sustainable development goals for the agribusiness. This helps in strengthening the information related to the agribusiness. The data is applied to ascertain all the major decision-making and actions related to the partnership between the two organizations.

Organizations help the partnerships in adding value through combined efforts and though the firm has different approaches and structure, the main purpose is to work together to achieve the combined goal. Partnership is the major vehicles that are used to deliver solutions for all the community and societal issues (Harangozó and Zilahy 2015). Improving partnership between the two agribusiness organizations would help them in learning about all the effective management that leads to increase valuable experiences and builds capacity.

PESTEL analysis is a framework to understand the political, economical, social, technological, legal and environmental situation. This is a tool used in evaluating the business environment condition and is used by the organization to ascertain the productivity of the firm. Due to rapid increases in globalization, competition also increases day by day that affects the business directly or indirectly (Molnár and Lendvay 2016). The latest technological factors affect the market structure and the current regulations that affect the industry. The economic factors also help the current legislations that regulate the business industry.

Conclusion:

 In the current scenario, economic constraints, low sector wages and rise in the complex services can also be prove to be major risks for an organizational stability it is important to set the level for appropriate risk management. Collaboration involves financial commitment that is needed to be robust, well researched and documented plan for risk management. People with high emotional intelligence play a vital role in providing major collaboration in the partnership organization. This also proves to be a stabilizing force that helps the organization to attain maximum success.

References:

Albers, S., Wohlgezogen, F. and Zajac, E.J., 2016. Strategic alliance structures: An organization design perspective. Journal of Management, 42(3), pp.582-614.

Belias, D. and Koustelios, A., 2015. Leadership style, job satisfaction and organizational culture in the Greek banking organization. Journal of Management Research (09725814), 15(2).

Harangozó, G. and Zilahy, G., 2015. Cooperation between business and non-governmental organizations to promote sustainable development. Journal of Cleaner Production, 89, pp.18-31.

Heimeriks, K.H., Bingham, C.B. and Laamanen, T., 2015. Unveiling the temporally contingent role of codification in alliance success. Strategic Management Journal, 36(3), pp.462-473.

Karatepe, O.M. and Aga, M., 2016. The effects of organization mission fulfillment and perceived organizational support on job performance: The mediating role of work engagement. International Journal of Bank Marketing, 34(3), pp.368-387.

Lewis, S., 2015. Qualitative inquiry and research design: Choosing among five approaches. Health promotion practice, 16(4), pp.473-475.

Molnár, M. and Lendvay, E., 2016. POSSIBILITIES TO IDENTIFICATE ACTION POINTS IN ECONOMIC DEVELOPMENT OF LOCAL MANAGEMENT. Journal of Management, (1), p.28.

Randhawa, K., Josserand, E., Schweitzer, J. and Logue, D., 2017. Knowledge collaboration between organizations and online communities: the role of open innovation intermediaries. Journal of Knowledge Management, 21(6), pp.1293-1318.

Rezvani, A., Chang, A., Wiewiora, A., Ashkanasy, N.M., Jordan, P.J. and Zolin, R., 2016. Manager emotional intelligence and project success: The mediating role of job satisfaction and trust. International Journal of Project Management, 34(7), pp.1112-1122.

Wisuttisak, P. and Wisuttisak, C., 2016. Comparative study on regulatory requirements on corporate social responsibility in Australia and Thailand. International Journal of Economic Policy in Emerging Economies, 9(2), pp.158-168.