Effective Execution of Strategy (Essay Sample)
Designing and Executing Strategy with Integrity
Topic: Effective Execution, Design / Focus, and Decision Traps
Once a strategy has been developed, success depends on a solid process for effective execution. It is important to take the power of strategy design and the power of focus into consideration. Finally, good decision making relies on avoiding decision traps that can take the company down the wrong path.
Minimum of 600 words in the body
Minimum of 2 sources from the literature in addition to course texts
Current APA format must be used.
Use the following outline:
• Introduction
• Process: Effective Execution of Strategy‐ What is the process in no less than 200 words
• Strategic Thinking: Power of Design vs. Power of Focus ‐ What is it and why is it important in no less than 200 words (2 References)
• Decision Model: Key Decision Traps to Avoid ‐ no less than 100 words (1 reference)
• Conclusion
• Support your factual assertions with citations. (At least 1 reference)
Include an Annotated Bibliography, in current APA format, of the 2 additional Sources:
Minimum of 250 words in each annotation
Summary of Key Points
Evaluation of the Quality of the Publication Evaluation of the Quality of the Author(s) Where this fits into the discussion
Effective Execution, Design/Focus and Decision Traps
By [Name]
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Date
Effective Execution of Strategy
Introduction
Effective strategy execution continues to be a challenging issue among senior managers and decision-makers today. The process of strategy execution is often facilitated by various human resource functions such as recruitment, training, and development. An organization should be able to select the right set of individuals to work collectively towards the attainment of long-term goals. In this connection, execution requires senior managers to utilize a viable decision-making model.
Process
Strategy execution is the process of implementing a strategic plan to meet long-term organizational goals. According to Srivastava (2017), even the best strategic plan will fail without proper execution. The process entails perfectly aligning structures, systems, and operational goals and objectives to guide a team towards success. Successful strategy execution requires an organization to stick and commit to a strategic plan. In this connection, senior managers, executives, and decision-makers must devise and agree on a strategic plan. A strategic plan acts as a roadmap towards meeting a firm's long-term goals and objectives.
Alignment is considered to be a crucial aspect in strategy execution. A Common challenge organizations face in strategy execution is the mismatch between employees' roles and the organization's strategy. This often happens because organizations recruit employees before a strategy is formulated. For that reason, organizations should align various job roles in the organization to be in unison with the devised strategic plan. Communication is a vital issue in effective strategy execution. This is so because a majority of employees are usually unaware of their company's strategies. As such, to ensure effective strategy
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