Kanwal Enterprises has developed and maintained an organizational structure hierarchy which facilitates organizational functioning at various levels, primarily by defining the domain and respective powers of a particular designation. The current structure is being attained and maintained by the implementation of strategic management, which has aided the organization in taking intra organizational and cross-functional decisions to achieve goals at a macro level. Kanwal Enterprises, the leading developer and manufacturer of HEPA Filter Machines, GT Filter Machines, Automotive Fuel Filters Machines, and Oil Filter Machines, has credited its success to the effective implementation of strategic management process, which basically involves three sub processes:
Strategy Formulation
This stage involves the evaluation of market trends, market basic requirements, and market demands according to the respective psyche of consumers which cover all the class. However, in general, every market has a particular class as the main consumer, which needs to assessed and targeted. Strategy formulation also involves the assessment of competitor's strategies, technology and resources along with the analysis of resources and technologies in house, which forms the basis of strategy formulation.
Strategy Implementation
This stage involves the outlining of a complete plan for a particular project framed to achieve a particular goal in a defined period of time. During strategy implementation, a team of specialists is outlined with their functions, domains and powers defined, and resources allocated, which then works as per the specifications to achieve the final goal with in the defined time span.
Strategy Evaluation
Kanwal Enterprises then implements the final stage i.e. Strategy Evaluation, which considers the factors Strengths, Weaknesses, Opportunities, and Threats (SWOT) analysis, related to the strategy implemented. During SWOT analysis, the organization analyses and assesses the potential of the applied strategy apart from its feasibility, weaknesses, and relevance with time.
These steps to implement strategic management along with the basic professional ethics ensure the success of Kanwal Enterprises in full filling the desires of customers and trends of dynamic market trends.