Strategy Essay Example | Topics and Well Written Essays - 500 words - 3

Strategy - Essay Example This implies that apart from the profit motive for which the company is formed, it still has the challenge of getting the market share. In this case, those charged with the management of the company have to be more strategic toward penetrating the market (Woods, 2011). The company being co-owned by 27 members, Karen (2007) notes that all the 27 co-owners of the company have equal voice in decision-making and are accorded equal opportunities to participate in the ownership of the company. Despite having Blake Jones as CEO, this does not mean that the strategic decisions of the company are under his watch but instead the name was adopted to give the company’s customers and the media some sense of company leadership to avoid skepticism and criticism (Karen, 2007). Other problems that the company is facing as noted by the CEO of the company Jones Blake are the overhead costs associated with the design, installation and service costs. To overcome the problems and develop a competitive advantage over other firms, the company involves an engagement strategy in its growth plan as noted by Stephen Irvin the company’s chief financial officer (Nasmaste Solar). In this case, Irvin asserts that the organization cares a lot in hiring its long-time partners in this business. He notes that hiring at Nasmaste Solar is based on a person’s values and not job role. The company also practices open accounting management using consensus-based decision-making. The company ensures that their financial statements are reviewed on a monthly basis at the staff meeting and at year end and all staff members taught how to read statements of financial position and statement of income. The company also values communication in which the company has trademarked FOHtm -open, honest and frank communication as a way of preventing gossip, fostering an atmosphere of respect and trust. This has proved advantageous to the company and ha s spurred growth (Namaste Solar, n.d.). One of the major