strategies

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
Problem 1CE
icon
Related questions
Question

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.

  1. Lack of commitment to the strategy
  2. The alignment of strategy with organizational structure
  3. The alignment of strategy with the organization’s culture
  4. The creation of an environment for your strategy to succeed in
  5. The setting of realistic targets for delivery across a set time period

 

Expert Solution
steps

Step by step

Solved in 2 steps

Blurred answer
Follow-up Questions
Read through expert solutions to related follow-up questions below.
Follow-up Question

Discuss the five (5) potential issues below within strategic implementation of the hot sauce which the group may face. 

  1. Lack of commitment to the strategy
  2. The alignment of strategy with organizational structure
  3. The alignment of strategy with the organization’s culture
  4. The creation of an environment for your strategy to succeed in
  5. The setting of realistic targets for delivery across a set time period
Solution
Bartleby Expert
SEE SOLUTION
Similar questions
Recommended textbooks for you
Understanding Business
Understanding Business
Management
ISBN:
9781259929434
Author:
William Nickels
Publisher:
McGraw-Hill Education
Management (14th Edition)
Management (14th Edition)
Management
ISBN:
9780134527604
Author:
Stephen P. Robbins, Mary A. Coulter
Publisher:
PEARSON
Spreadsheet Modeling & Decision Analysis: A Pract…
Spreadsheet Modeling & Decision Analysis: A Pract…
Management
ISBN:
9781305947412
Author:
Cliff Ragsdale
Publisher:
Cengage Learning
Management Information Systems: Managing The Digi…
Management Information Systems: Managing The Digi…
Management
ISBN:
9780135191798
Author:
Kenneth C. Laudon, Jane P. Laudon
Publisher:
PEARSON
Business Essentials (12th Edition) (What's New in…
Business Essentials (12th Edition) (What's New in…
Management
ISBN:
9780134728391
Author:
Ronald J. Ebert, Ricky W. Griffin
Publisher:
PEARSON
Fundamentals of Management (10th Edition)
Fundamentals of Management (10th Edition)
Management
ISBN:
9780134237473
Author:
Stephen P. Robbins, Mary A. Coulter, David A. De Cenzo
Publisher:
PEARSON