Why is it necessary for senior management to communicate strategy to lower levels?
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Why is it necessary for senior management to communicate strategy to lower levels?
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- Describe Jim Collins' Hedgehog concept. Do you see this as a viable corporate strategy or too simplified? What is a BHAG?What is the Insights? Three Cs of Implementing Strategy Ask most organizational leaders about their areas of focus and you will hear that strategy is among their highest priorities. Unfortunately, too often leaders pour their energy and resources into formulating strategy and spend too little time figuring out how to implement that strategy throughout the organization. Strategies are frequently created, perhaps not in an ivory tower, but often at a nice resort or conference center, by a small group of people who have been well fed and cared for in the process. Those strategies are typically beautiful, and display particularly well in PowerPoint. (I’ve never seen a strategy fail in the boardroom.) Unfortunately, most leaders fail—not in the formulation of strategy, but in its implementation. To successfully execute an organization’s strategy, it must be the focus of every person in that organization. It is up to the leaders to create, monitor, and reward that focus as it is expressed.…1. What is the definition of Strategy Analysis? 2. What is the purpose of Strategy Analysis?
- which is more important in an organization. CULTURE or STRATEGY Does the culture of an organization drive strategy? Or does strategy drive the culture?Case Questions: In both organizations we don’t see that much training and performance management initiatives, do you consider training and performance management important for strategy attainment? Why? Suggest how these organizations should incorporate training and performance management initiatives for better development and competitive advantage.What is the process setting the Company direction with Business Strategy? What is the Key Advantage or Disadvantage of Strategic Thinking?
- Identify types of organizations that may need to evaluate strategy more frequently than others. Justify your choices?can you give me an example of how to make strategy paper?Explain basic tools of “Strategy Implementation”. (Strategies are put into action through the development of what basic tools?). List and explain each in short.