Hi, need to submit a 250 words paper on the topic Wsj. Wall Street Journal: NYC building workers vote to ize strike In today’s rapid fire, global economy, insightful business policy and on-target stra

Hi, need to submit a 250 words paper on the topic Wsj. Wall Street Journal: NYC building workers vote to ize strike In today’s rapid fire, global economy, insightful business policy and on-target strategy are essential for a corporation’s survival. The WSJ article on NYC building workers strike basically touches on the importance of implementing effective business strategies to achieve potential growth and navigate through highly competitive business environment. Hence, this paper summarizes the article by relating it to chapter thirteen of the book: Business Policy and Strategy, The Art of Competition.

According to Babson, Van Deusen and Williamson (19), strategy can never be perfect, flawless and optimal but it should be flexible and pragmatic. The Realty Advisory Board on Labor relations therefore, has planned for negotiations with the local 32BJ to deal with the striking workers and to re-adjust their business strategy to end the strike. This is because strategy is meant to fill in the need of organizations for a sense of dynamic direction, focus and cohesiveness.

Members of the union and other New York City building workers rallied for a wage increase and voted for authorization of strike if the negotiations broke down. A security guard Michael Dawson stated “we should not be struggling in the richest city.” This means New York is a competitive market place hence for the union to operate successfully they should learn on how to adapt to a continuously changing business environment.

In addition the business policies should be dynamic, continuous and goal oriented. For instance in the article the striking workers demanded for increased wages to protect health and pension benefits which is also a goal the union tends to achieve. A change in any one of the major components in the strategic management model can necessitate a change in the others (65)

Work cited

Babson, H., Williamson, S., & Van Deusen (2007) Business Policy and Strategy: The Art of Competition. 7th Ed. New York: Auer Bach Publications.