Chapter 8, Problem 1UTC

Summary Introduction

To Determine

Two kinds of important areas to be determined by managers to implement an organization’s strategy are to be spelled out here in this solution.

Introduction:

Today any organization implements various strategies to sustain its growth trajectory, stand out in cut throat competition, and meet its various business objectives. In this question, we will identify two important areas to be determined by managers to implement set out strategy.

Answer to Problem 1UTC

Solution:

Organization’s strategy is defined as the total sum of the actions a company takes in order to attain its long term objectives. Strategies take long periodfor implementation and needs involvement and active participation from all employees and stakeholders.Organizational strategy arises from a company's mission to be in business. From the vision follows the long-term goals of an organizational strategy.

Methodology usage is characterized as "the making an interpretation of a picked procedure into authoritative activity in order to accomplish key objectives and targets". It is the outline to be sought after as respects the manner in which an association ought to create, use, and amalgamate authoritative structure, control frameworks, and culture to seek after systems that prompt upper hand, spectacular execution and better business development. An all around planned system will fizzle in the event that it isn't appropriately actualized. In this way Every chief must decide very much explained, well thoroughly considered, and all around created zones of activity to actualize the association procedure in letter and soul.

Explanation of Solution

Managers’ focus areas to determine for proper implementation of strategy-

1. Proper alignment among different verticals in an organization to support business strategy-

A manager should create proper work environment, encourage employees to constantly improvise, and develop a congenial workplace atmosphere. He should align the relationships between an organization’s core business units, and shared services in tune with organizational strategy. Managers need todrivethe need for constant alignment between organization and individual goals across the company. For a successful strategy implementation, managers should create a right organizational structure encompassing information overflow, decision making processes, and job assignments and make the employees understand to put their best to take the organization to next level of business growth trajectory to meet emerging competition in a digital world in line with the new strategic direction set by the top management. They should properly clarify and communicate the Board set strategies to remove any irritants cropping up during implementation phase. No policy or direction should be stated vaguely so as to avoid subsequent confusion and blame work if the organization fails to get the strategy implemented in right manner and within stipulated timelines. If the team meetings, the personal interactions, the process improvements, communications, the customer meetings, mission and vision statements, and market penetration strategies are in alignment with an organization’s strategy, a manager can make a tremendous difference for an organization.

2. Handle change management, Drive innovation for speedy transformation and successful implementation-

Managers with effective communication and change management practices are eleven times more likely to listen carefully to divergent points of view during implementation of the strategy. Managers must emphasize driving among employee’s better product and service quality. Managers need to create a structure that recognize various group leaders, the duties of those group leaders and a system of accountability that insures that the implementation team meets its timelines for getting the new program or policy in place.

Implementation strategy is the pivotal role for the manager. He should take ownership that despite all roadblocks, they would ensure that strategy is implemented on time and desired result is brought about with cohesion among all units of an organization synchronizing. Now in digital age, innovation is essential to be in marketplace. Managers should drive home the percept of ‘survival of fittest’ in today’s environment and drive their transformational areas accordingly.

In a nutshell, we can zero in on the conclusion that managers play the most vital role for proper strategy implementation. If they work in a razor-sharp focus, with an eye on details, promote out of box thinking, appreciate top performers, drive and motivate teams at lightning speed accurately as per management’s plans, goals and vision, they can definitely be successful. Through above important areas managers can promptly any organizational strategy anywhere in the world irrespective of organization size, difficulties, other challenges, and emerge champions and successful strategic leaders.