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2. Why is business implementation important to help the company achieve its goals?

2. Why is business implementation important to help the company achieve its goals?

Understanding Business
Understanding Business
12th Edition
ISBN:9781259929434
Author:William Nickels
Publisher:William Nickels
Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment
Section: Chapter Questions
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2. Why is business implementation important to help the company achieve its goals?
Week 11 Business Implementation The l Whether a business is a start-up or already well established, business implementation becomes the responsibility of all the employees. Implementation is the process of executing a plan or policy so that a concept becomes a reality. To implement a plan properly, managers should communicate dlear goals and expectations, and supply employees with the resources needed to help the company achieve its goals. A. Improvement Through Change The implementation of a plan brings about change meant to help improve the company or solve a problem. The changes can ocur to policies, management structures, organizational development, budgets, processes, products or services. Since the status quo can be detrimental to a company, change can help improve the work environment and/or the customer experience. NS B. Good Organizational Development Part of good organizational development involves including all employees in implemented changes. When a company shares its ideas and goals with workers, the workers will feel a sense of ownership and loyalty to the company, as well as feel included in something important that is larger than their respective job descriptions. Making workers feel valued also helps maintain or improve employee retention. Communicating goals to employees helps encourage participation and can gilve a plan a strong start. C. Increased Interdepartmental Cooperation When executed properly, business implementation can increase interdepartmental cooperation. It can be easy for a department within a business to work independently and only rely on another department when a need arises, particularly in large company. Business implementation helps unite departments, open the lines of communication, create a diverse culture within the organization and increase efficiency and productivity. Successful business implementation links performance tactors with projects designed to develop and optimize individual and departmental activities. D. Setting Clear Priorities As well as communicating goals, business strategy implementation sets clear priorities. Priorities are generally based on due dates, client needs, financial concerns, worker needs or logistics. Deadlines help guarantee the implementation of a plan with realistic due dates, but a company must provide its workers with clear action steps and resources to ensure the success of the plan. Failure to communicate priorities can cause inefficiencies, miscommunications, worker frustration and low morale. When priorities or deadlines are realistic, employees feel las ifla company is setting them up for success. E. Moving a Company Forward Business implementation is important for moving a company forward, as is not underestimating the importance of implementation planning. When a business fails to implement and execute its strategies properly. it fails to move forward and grow. According to website Business Balls, to implement and execute a plan successfully there must be motivational leadership."a plan of action and "performance management " Implementing Your Business Plan Objectives
Transcribed Image Text:Week 11 Business Implementation The l Whether a business is a start-up or already well established, business implementation becomes the responsibility of all the employees. Implementation is the process of executing a plan or policy so that a concept becomes a reality. To implement a plan properly, managers should communicate dlear goals and expectations, and supply employees with the resources needed to help the company achieve its goals. A. Improvement Through Change The implementation of a plan brings about change meant to help improve the company or solve a problem. The changes can ocur to policies, management structures, organizational development, budgets, processes, products or services. Since the status quo can be detrimental to a company, change can help improve the work environment and/or the customer experience. NS B. Good Organizational Development Part of good organizational development involves including all employees in implemented changes. When a company shares its ideas and goals with workers, the workers will feel a sense of ownership and loyalty to the company, as well as feel included in something important that is larger than their respective job descriptions. Making workers feel valued also helps maintain or improve employee retention. Communicating goals to employees helps encourage participation and can gilve a plan a strong start. C. Increased Interdepartmental Cooperation When executed properly, business implementation can increase interdepartmental cooperation. It can be easy for a department within a business to work independently and only rely on another department when a need arises, particularly in large company. Business implementation helps unite departments, open the lines of communication, create a diverse culture within the organization and increase efficiency and productivity. Successful business implementation links performance tactors with projects designed to develop and optimize individual and departmental activities. D. Setting Clear Priorities As well as communicating goals, business strategy implementation sets clear priorities. Priorities are generally based on due dates, client needs, financial concerns, worker needs or logistics. Deadlines help guarantee the implementation of a plan with realistic due dates, but a company must provide its workers with clear action steps and resources to ensure the success of the plan. Failure to communicate priorities can cause inefficiencies, miscommunications, worker frustration and low morale. When priorities or deadlines are realistic, employees feel las ifla company is setting them up for success. E. Moving a Company Forward Business implementation is important for moving a company forward, as is not underestimating the importance of implementation planning. When a business fails to implement and execute its strategies properly. it fails to move forward and grow. According to website Business Balls, to implement and execute a plan successfully there must be motivational leadership."a plan of action and "performance management " Implementing Your Business Plan Objectives
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