Assignment
Read chapter 9 and 10 and make a discussion with 250 words with adding at least one resource, Also I post two discussions of other students you need to reply to them with 200 words for each one of them.
Resources
Read/review the following resources for this activity:
• Textbook: Chapter 11, 12
• File (PDF): Presentation (McGraw-Hill, 3e) - Chapter 11, 12 (in Course Documents)
• Minimum of 1 reliable resource for initial post
Introduction
An important component of successful strategy execution involves managerial actions to develop and strengthen organizational competencies and competitive capabilities, and to structure the overall work effort in ways that promote coordinated, competent performance of execution-critical value chain activities. Additional managerial tasks that shape the outcome of efforts to execute a company's strategy include creating a corporate culture that promotes good strategy execution and leading the strategy execution process. This discussion will allow you to gather a more comprehensive understanding of these managerial tasks and how vital they are to ensuring optimal company performance.
Initial Post Instructions
For your initial post, address the following:
• Out of the seven managerial actions discussed that advance the cause of good strategy execution, which one do you think is the most effective for a company to implement? Explain why you think would it result in the best possible outcomes.
• What are some reasons this managerial action would be the most appropriate to implement? Be specific and provide examples.
Secondary Post Instructions
Respond by Saturday to at least two of your colleagues' postings in one or more of the following ways:
• Share an insight from having read your colleague's posting.
• Offer and support an opinion.
• Validate an idea with your own experience.
• Expand on your colleague's posting.
Writing Requirements
• In addition to one initial post, respond to at least two peers.
• Initial Post Length: minimum of 250 words
• Secondary Post Length: minimum of 200 words per post
• Use APA format for in-text citations and list of references.
Assessment
Meeting the minimum number of postings does not guarantee an A; you must present an in-depth discussion of high quality, integrate sources to support your assertions, and refer to peers' comments in your secondary posts to build on concepts.
Course Learning Outcome(s):
1. Explain the management characteristics and tools required for effective strategic leadership.
2. Apply the tools of strategic analysis.
3. Write at an expected senior undergraduate level in terms of organization and structure, research, reading comprehension, documentation, articulation and APA compliance (this is a writing intensive course-see WIC rubric within our course shell for more specificity)
First Post: MOH
Within an organization, a vital approach that can facilitate in effective execution of strategy should lay emphasis establishing together with strengthening the competencies of a company as well as its competitive capacities. In this sense, it becomes possible with the goal of supporting coordinated performance within the value chain. Also, within a company, it is vital to understand the different managerial actions, which can foster good execution of strategy. In my case, the managerial action I deem as the most effective for a firm to implement is one related to establishing an organizational culture that lays tremendous emphasis on ethical behavior. Managers within a company need to make sure they establish code of ethics, which entail formal statements on the ethical priorities that businesses should adhere to. With code of ethics, a company is able to issue the ethical guidelines that the employees need to follow to ensure they meet organizational goals together with cultural requirements. When the managers focus on implementing code of ethics, they are able to ensure that the employees as well as other organizational stakeholders contribute to ideal strategy execution, which would play a critical role when it comes to realizing its goals (Hill, Jones, & Schilling, 2015). In this sense, I believe that the strategy would be appropriate since the code of ethics usually communicate the most ideal guidelines the organizational stakeholders should follow to facilitate in realizing cohesiveness and unity in the diverse roles they undertake. Also, the strategy would contribute to the best possible outcomes since it would offer the best ways that the employees would work toward the anticipations of a company.
Hill, C. W., Jones, G. R., & Schilling, M. A. (2015). Strategic management: An integrated approach. Boston, MA: Cengage Learning.
Post two: Carr
Building an organization capable of good strategy execution entails activity revolving around management of people and processes. The seven managerial actions we discussed that advanced the cause of good strategy execution requires managerial actions to develop a strengthen organizational competencies and competitive capabilities. Structure the overall work effort in ways that promote coordination, competent performance of execution-critical value chain activates. Steering the needed resources to execution-critical value chain activates. Institution policies and procedures that facilitate strategy execution. Adopting best practices and pushing for continuous improvement in how value chain activates are performed. Installing information and operating systems that enable company personally to carry out their strategic roles proficiently.Using rewards and incentives to promote good strategy execution and achievement of strategic and finical targets. Every strategy has its place within an organization as a manager it is your job to decipher what type of managerial action would be the most useful in your company. However, if I was to choose for my company, I feel that using rewards and incentives to promote goods strategy execution and achievement would be the most effective. When employees receive recognition for their hard work, and accomplishments they have increased company morale and develop a positive work environment. "When it comes to recognizing your employees' efforts, most workers need a little bit more than a virtual "pat on the back" from the boss to stay motivated. That's why many employers choose to implement incentive programs to keep their staff engaged and worked hard" (Fallon, 2015).
Fallon, N. (October 21, 2015) "Want to Boost Employee Productivity? Offer an Incentive" News Daily Managing Editor.