Write two pages: Write two pages in which you review the core concepts in the as
ID: 345502 • Letter: W
Question
Write two pages: Write two pages in which you review the core concepts in the assigned readings. Don’t attempt to review all the concepts in these readings, only those concepts which most help you better understand strategy. The assigned readings are as follows: 1. Using the Balanced Scorecard 2. Successful Strategy Execution – Part I 3. Successful Strategy Execution – Part II 4. Who has the “D”? (decision responsibility) 5. GE – McKinsey Matrix 1, 2, with color and Google according to the GE–McKinsey Matrix Write three to five pages: Using the concepts listed below write three to five pages in which you analyze an organization you know well. The concepts to use in analyzing this organization are as follows: GE - McKinsey Matrix Ideas from any of the following readings: 1. Using the Balanced Scorecard 2. Successful Strategy Execution – Part I 3. Successful Strategy Execution – Part II 4. Who has the “D”? (decision responsibility)
Explanation / Answer
For an organization’s development, it is required formulating many factors which can be beneficial for the growth of the organization. The prime important aspects are the organization's performance in the employee’s work; an employee’s work performance determines many aspects which are highly beneficial for the purpose of leading a business. To lead a business a balanced scorecard is required to be maintained by justifying all the areas of the organization. An organization is to keep a target, mission, and vision that are always required to be kept on sharp focus so to determine goals and achieves the target. The scorecards are always determined the metrics in each and every sector and that are required to be maintained for keeping the balanced growth in the organization.
For the strategy execution purpose, it is required to highlight the areas which can be boosted. The strategy execution is only possible with an intense research and customer interactions were made successful. The customer’s requirements, needs, and demands are required to be known correctly for the use of correct placing of product strategies. It is required to be organized and maintained so to fix the areas of improvement stable.
For the successful execution of the strategy, it is required finalizing the planning and customer’s interaction with long range is absolutely necessary for the growth of the organization. Organization strategic measures are required for the successful execution of the process, to construct this process an organization is required to meet all demands of the customers and follow the market trends with research to identify several factors of leading a successful business.
The last step is the decision-making process, it is the process which deals with the uncertainties and certainties. The uncertainties come from lack of projection of the market research to the organization and because of lower market research, the long-term prediction is not possible. The correct aspects of prediction come from the intense research and analysis of the customer’s side to maintain a stable form of business. The research and correct metrics give the idea to take the correct decision for the growth of the organization.
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