What can executives do in order to properly implement the strategic plan?
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Answer the following with a minimum of 6 sentences each.
| Questions | Answer |
| What can executives do in order to properly implement the strategic plan? | |
| What is an organizational structure? How would organizational structure help in its proper implementation of a strategic plan? | |
| Communication is said to be the reason why proper implementation of strategy becomes a problem or failure. Explain why. |
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- *500 WORDS “Leaders create more than they consume and always leave things better than how they found them. Organizational success requires exceptional decision making skills”. Critically analyze the statement given above in the light of various organizational factors that contributed to the success of Amazon. (You may consider factors like organizational structure, various leadership dynamics including styles, decision making approaches/processes, power practices and other relevant aspects.)Give a simple Succession plan for the position of a CEO in that organization. Include the rationale, the implementation plan, function of the CEO, and the Communication plan.a) Imagine you are the manager of a new company and you want to stimulate innovation. Argue which type of leadership “model” is preferable in the management of innovative processes. Which type of challenges is this type of leaderships supposed to address?. b) Now imagine that you are the manager of a national champion company. Which are the two main factors, say dimensions, you need to take into account in the definition of our own company strategy and behaviour?c) Let instead assume you are a policy maker. Which type of “scenario” would you prefer to create in order to stimulate as many new business opportunities as possible out of the initial support provided to a national champion firm?
- Does the context determine what the strategising manager must do, or can the manager shape the context? Some people argue or assume that the strategy context has a dynamic all on its own, which strategists can hardly influence, and therefore that the strategy context sets strict confines on the freedom to manoeuvre. The context is not malleable and hence the motto for the strategist is ‘adapt or die’. Others believe that strategists should not be driven by the context but have a large measure of freedom to set their own course of action. Frequently it is argued that strategizing managers can, and should, create their own circumstances, instead of being enslaved by the circumstances they find. In short, the strategy context can be determined, instead of letting it determine. Discuss in the context of the Industry Dynamics versus the Industry Leadership Perspective.Strategic Management is a discipline that requires the continuous interrelationship among variousfunctional managers. As a business strategy Management Trainee you are required to answer thefollowing questions by supporting each response to detailed examples.Required: a. In one of the definitions used by Pearce and Robinson, Strategic management wasdescribed as the “art and science of formulating, implementing and evaluating crossfunctional decisions aimed at achieving organizational goals”; Briefly discuss the contextin which strategic management could be described as ‘an art’ and when it also could bedescribed as ‘a science’. b. Describe the strategy formulation process; clearly explaining three major activities thatare undertaken at this stage? c. Distinguish between business level strategies and corporate level strategies; clearlygiving examples under each. d. Differentiate between strategy and tacticsCheck the following stories and discuss the change of leadership in Netflix and its potential influences on the organizational culture or any of the stakeholders. References: At least two. Netflix announced Thursday that its founder Reed Hastings is stepping down as co-CEO at the company and will serve as executive chairman. Hastings will be replaced by co-CEOs Ted Sarandos and Greg Peters. “Our board has been discussing succession planning for many years (even founders need to evolve!),” Hastings wrote in a blog post on Thursday. “As part of that process, we promoted Ted to co-CEO alongside me in July 2020, and Greg to Chief Operating Officer — and in the last 2½ years I’ve increasingly delegated the management of Netflix to them.” Hastings founded Netflix (NFLX) in 1997 and changed the way countless households watched movies and shows, first with its DVD-by-mail business and later with its streaming video service. Under Hastings’ leadership, Netflix disrupted legacy movie rental…
- Part of the leadership task in mobilizing organizational energy behind the drive for good strategy execution entails nurturing a results-oriented work climate, where performance standards are high and a spirit of achievement is pervasive. Discuss the leadership actions and responsibilities of strategic leadership that the CEO, Erik Venter at Comair could utilise to successfully lead the effort in strategy execution. A discussion on leadership actions and responsibilities that enables strategy executionOften times, establishing or shifting a strategic direction comes with change, and possible resistance to it. The strategic levers of change are critical for strategic leaders to facilitate this change while maintaining overall strategic direction, employee motivation and goal attainment. Which of the below are NOT an example of the levers of change? a. Put People at the Center of Things b. Emphasise person-culture fit in addition to person-job-fit c. Penalizes members who do not take initiative d. Link individual performance with organizational performance(Strategic Management) a) Mike and Henry both work in the same company, while Mike holds a much higher position in management where he is in charge of formulating strategies and Henry’s work mostly involves implementing. Discuss how their jobs are different. describe briefly. b) Despite playing different roles in the strategic management process both of them are equally responsible for ensuring that the culture of the company is cooperative and everyone is interested in managing and welcoming strategic changes. What can be done to ensure this? describe briefly.
- There are three main types of leaders that are relevant in the context of strategic leadership of competitive firms. ____________ leaders possess entrepreneurial competence but they lack the vision, daring, and charisma to turn a good idea into a great one. a. Narcissistic b. Erotic c. Strategic d. ObsessiveFew people would want to hire a skilled manager with no leadership skills, and you would not want to hire an inspirational leader who can't manage planning, delegating, or keeping things organized. Draw two "T accounts" with positive attributes on the left and negative attributes on the right for managerial skills and leadership skills that you would look for as a hiring manager for a crucial managerial and leadership position in your organization.A leadership style is a set if characteristic behaviours or the characteristic manner in which aleader will go about fulfilling their role in order to achieve results ...” (Louw & Venter: 2019:425-426).Highlight the different leadership styles the management team of Drip Footwear should knowof.Your answer should contain the following points:• Differentiate between strategic, visionary and managerial leaders.• Advise the management team of Drip Footwear which type of leader may be mostbeneficial to their organisation and provided reasons for your choice