Business & Finance Week 10 Assignment- Capstone

Week 10 Assignment

Capstone

Section 3: The Organizational Strategy- Part 3

For this week’s Assignment, you will continue in the role of a consultant who has been hired by the CEO of your selected company to lead a tiger team tasked with addressing issues the organization is facing. You will build on the work you completed in the previous weeks and will finalize development of your Strategy Playbook for Exceptional Results in order to present it to the CEO.

This week, you will continue to compile Section 3 of your playbook. Be sure to address the requirements for Part 3 and include specific examples (where appropriate) and relevant citations from the Learning Resources, the Walden Library, and/or other appropriate academic sources to support your work. In addition, as you compile your final, polished document (to include Sections 1–3), incorporate any feedback from your previous work and craft an executive summary that will serve as page 1 of your playbook. Instructions for the executive summary follow Section 3.

To prepare for this Assignment:

· Return to your MBAX 6990 Assignment Template to complete Section 3—Part 3 of your strategy playbook.

Submit your 4- to 5-page strategy implementation for the organization and 1-page executive summary, to include the following:

Part 3: Implementing the Strategy

· Explain how a strategy framework can provide the foundation for your overall business strategy.

· Explain the purpose of strategy reporting and how it can lead to a competitive business strategy.

· Analyze the effects of the organization’s mission/vision and its practices related to diversity and corporate social responsibility/positive social change on implementation of your proposed strategy.

· Using all the information gathered from your work thus far, explain how you would implement your proposed strategy.

· As part of the implementation, propose a recommended approach to effective change management leadership that would promote the success of strategy implementation.

· Recommend strategies for mitigating any anticipated risks identified in Part 1.

Executive Summary

Provide a 1-page executive summary for your entire strategy playbook as follows:

· Clearly identify the purpose of the playbook for the organization (from Section 1).

· Summarize the results of your evaluation (from Section 2).

· Concisely synthesize your recommendations.

Week 10 Learning Resources

Capstone

Defining Your Strategy Framework

Leaders of an organization may realize that they need to focus more on their strategy if they want to grow their business and achieve their goals. However, many times, they may not always know where to begin or how to proceed. In times like this, they can rely on tools such as strategy frameworks. A strategy framework can act as a template that has been tried and tested; when leaders rely on these frameworks, they can focus on the specifics of their company rather than the components of strategy as a standalone concept. Using these resources, you will explore strategy frameworks and how they can be applied within an organization.

· Kenny, G. (2020, December 7). The secret to becoming a market leader . Harvard Business Review Digital Articles, 1–4. http://hbr.org

· Tedder, D. (2018, January 30). The power of the strategic framework Links to an external site. . HDI. https://www.thinkhdi.com/library/supportworld/2018/power-strategic-framework.aspx

· Wright, T. (2018, April 8). 5 of the best strategy frameworks for your organization Links to an external site. . Cascade. https://www.cascade.app/blog/best-strategy-frameworks

Strategy Reporting

Through these resources, you will explore strategy reporting and its role in creating a competitive business strategy for an organization. A strategy report can increase the effectiveness of how a message is communicated to stakeholders, providing information and context on how the numbers relate to the organizational goals. An organization can create a better message, both internally and externally, by focusing on the quality of its strategic reporting.

· KPMG International Cooperative. (2012). Integrated reporting: KPMG performance insight through better business reporting Links to an external site. . https://assets.kpmg.com/content/dam/kpmg/pdf/2013/03/integrated-reporting-2012.pdf

Strategic Implementation Plan

Once a strategy is defined for an organization and ideas need to turn into actions, leaders will likely shift their focus to implementation. They can better facilitate this process by relying on a strategic implementation plan. This plan will often focus on the requirements for accomplishing organizational goals, such as resources, projected outcomes, timelines, budgets, and so on. Using these resources, you will examine strategic implementation planning and strategy execution.

· Kaplan, M., Dollar, B., Van Durme, Y., & 王大威. (2016, February 29). Shape culture: Drive strategy . Deloitte.Links to an external site. https://www2.deloitte.com/us/en/insights/focus/human-capital-trends/2016/impact-of-culture-on-business-strategy.html

· Kenny, G. (2020, January 7). Don’t mistake execution for strategy . Harvard Business Review Digital Articles, 1–4. http://hbr.org

· Kenny, G. (2019, October 16). 5 simple rules for strategy execution . Harvard Business Review Digital Articles, 1–6. http://hbr.org

· OnStrategy. (2021, April 5). Strategic implementation .Links to an external site. https://onstrategyhq.com/resources/strategic-implementation/

Change Management Leadership

In nearly every area of life, change is inevitable. However, just because it is inevitable does not mean that it must be inevitably awful. When change occurs within an organization, the success of that change depends greatly on that organization’s leadership. If handled poorly, the situation surrounding the change can become chaotic or even toxic. Leaders can be better responders to change by factoring it into the overall strategy. Through these resources, you will explore change management leadership and its role in successful strategy implementation.

· Akpoveta, Y. R. (2019, April 9). Change leadership defined—No longer for a select few! The Change LeadershipLinks to an external site. . https://thechangeleadership.com/change-leadership-defined/ Time Estimate: 2 minutes

· Galunic, C., & Hermreck, I. (2012). How to help employees “get” strategy . Harvard Business Review, 90(12), 24.

· Lumen Learning. (n.d.). Managing change for organizations. In Boundless managementLinks to an external site. . https://courses.lumenlearning.com/boundless-management/chapter/managing-change-for-organizations/

· Zucker, R., & Rowell, D. (2021, April 26). 6 strategies for leading through uncertainty . Harvard Business Review Digital Articles, 1–6. http://hbr.org

Mitigating Risks to Promote Strategic Success

In strategy development, as with many other aspects of business, there can be inherent risks. Although it could be said that an organization runs a greater risk by failing to implement a strategy, it is important to understand the risks found in strategies and understand how to mitigate those risks when possible. Using these resources, you will examine ways to mitigate risks in strategy development.

· Chussil, M. (2021, February 3). When to switch strategy in a crisis . Harvard Business Review Digital Articles, 1–5. http://hbr.org

· Collis, D. J. (2021). Why do so many strategies fail? Harvard Business Review, 99(4), 82–93.

· Kaplan, R. S., Leonard, H. B., & Mikes, A. (2020). The risks you can’t foresee . Harvard Business Review, 98(6), 40–46.

Strategy Playbook for Exceptional Results

Report prepared by: Replace this text with your name.

Date: Replace this text with the submission date.

Walden University

MBAX 6990: Capstone: Sustainable Business Practices and Strategies

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Table of Contents Executive Summary 4 Section 1: The Organizational Profile 5 Part 1: Analyzing the Organizational Culture 6 Heading 6 Heading 6 Heading 6 Part 2: Analyzing the Social and Economic Climate 7 Heading 7 Heading 7 Heading 7 Part 3: Analyzing the Purpose of the Organization 8 Heading 8 Heading 8 Heading 8 Section 2: Organizational Readiness for Change 9 Part 1: Evaluating the Health of the Organization 10 Heading 10 Heading 10 Heading 10 Part 2A: Evaluating the Need and Opportunity for Change 11 Heading 11 Heading 11 Heading 11 Part 2B: Evaluating the Need and Opportunity for Change 12 Heading 12 Heading 12 Heading 12 Part 3: Evaluating Organizational Readiness 13 Heading 13 Heading 13 Heading 13 Section 3: The Organizational Strategy 14 Part 1: Developing the Strategy 15 Heading 15 Heading 15 Heading 15 Part 2: Validating the Strategy 16 Heading 16 Heading 16 Heading 16 Part 3: Implementing the Strategy 17 Heading 17 Heading 17 Heading 17 References 18 Appendix A 19 Appendix B 20

Executive Summary

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Section 1: The Organizational Profile

Part 1: Analyzing the Organizational Culture

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Part 2: Analyzing the Social and Economic Climate

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Part 3: Analyzing the Purpose of the Organization

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Section 2: Organizational Readiness for Change

Part 1: Evaluating the Health of the Organization

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Part 2A: Evaluating the Need and Opportunity for Change

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Part 2B: Evaluating the Need and Opportunity for Change

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Part 3: Evaluating Organizational Readiness

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Section 3: The Organizational Strategy

Part 1: Developing the Strategy

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Part 2: Validating the Strategy

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Part 3: Implementing the Strategy

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References

[Please delete this note before submitting your Assignment. For more information about formatting your reference list, please visit the following site: https://academicguides.waldenu.edu/writingcenter/apa/references .]

Include appropriately formatted references to support your Assignment. Refer to the Assignment guidelines for further information on the requirements.

Appendix A

Appendix B

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