Strategic Planning Article Example | Topics and Well Written Essays - 250 words

Strategic Planning - name ExampleGilbert (2012, p.10) asserts that Chesapeake wants to cut on its costs. I choose Gilberts article, because Chesapeakes nip management faces a decision making task that volition determine its future progress. Chesapeakes drilling costs account for approximately 50 percent of the whole costs. This presents the company management with a cluster since cutting on the drilling costs would lead to a reduction in the output. In its prompt to reduce costs, Chesapeake plans to increase its drilling funding through selling some of its assets. Approximately, the company will derive 4 billion US dollars by selling some of its pipelines (Gilbert, 2012, p.10). The south eastern stockholder criticized Chesapeake follow for increasing costs and suggested that the company should cut on its capital costs. Chesapeake has also suggested it intends to change its management with exceedingly competent personnel (Gilbert, 2012, p. 10).In my own opinion, Chesapeakes m anagement has failed to secure an efficient allocation of organizational resources, which has resulted to a lack of unified direction. The management needs to come up with an effective strategy that will not only consider cutting the costs but also increase or contain its productivity. Peter and Donnelly (2006) assert that a well drafted strategy leads the management in its actions and decisions (p. 36). In addition, it renders an incorporated near for the company and assists in conforming to the challenges posed by the environment