ABSTRACT

There are a number of strategies which appear to be particularly appropriate to the modern world. These include specialization, risk control, added value, productivity, attitude and size strategies. Risk is inherent in all organizations. This chapter discusses that the design of the mechanism by which the organization itself is governed and appraised is also crucial, as is the composition of the beneficiaries' governing body. A set of strategies for any business which does not include a risk control strategy is probably defective, but for a small business it could be disastrous. The most significant is often the costs of employment and so, among the small set of strategies that most companies develop, a strategy for improving employee productivity is commonly seen. A productivity strategy, then, is likely to be one of the set of strategies that the planning team will be proposing.