strategies
Scenario:
A group of University students are considering opening a new business in the Tourism sector. The
product (Hot Sauce) is a novel idea in the Tourism Sector. Notably, the tourism sector is known to
be competitive. As a result, it is important for organizations to be aware of their a lternative
organizational strategies. It is also important that they understand how to develop a sustainable
competitive advantage. The group is also considering utilizing the strategy formulation framework
to aid in developing the company and its novel product (Hot Sauce). The group is aware that there are certain
habits that strategic leaders must encompass but are not sure what they are. The team is aware that
they would face potential issues within strategic implementation and would like to understand how
this can be remedied.
The group is interested in the development of a Project Implementation Plan and have sort your
expertise to develop one for the product or service in the tourism sector. N.B. An implementation
plan is a management tool that facilitates the execution of a strategic plan for a company or a
project by breaking down the implementation process into smaller steps while defining the
timeline, the teams and the resources that will be needed. In this case, an implementation plan is
a document that outlines the steps your team should take to accomplish a shared goal or initiative. The Plan helps you get insight into the steps and actions that are necessary to make a change or an innovation in your company.
Question
Discuss the five (5) potential issues below within strategic implementation of the hot sauce which the group may
face. Discuss a remedy for each issue discussed.
- Lack of commitment to the strategy
- The alignment of strategy with organizational structure
- The alignment of strategy with the organization’s culture
- The creation of an environment for your strategy to succeed in
- The setting of realistic targets for delivery across a set time period
Step by step
Solved in 2 steps
Discuss the five (5) potential issues below within strategic implementation of the hot sauce which the group may face.
- Lack of commitment to the strategy
- The alignment of strategy with organizational structure
- The alignment of strategy with the organization’s culture
- The creation of an environment for your strategy to succeed in
- The setting of realistic targets for delivery across a set time period
by Bartleby Expert
