Final Plan

Title: Strategy implementation

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In many organizations, developing of strategic plans is usually done time and again in order to ensure that the company meets its future goals. During strategic planning, the companies usually create a clear vision of their future together with the needed strategies of getting there, but one thing that usually disappoint them is their failure to identify their future and the delivery of the expected strategic results. In order to ensure successful implementation of strategic plans, there are certain factors that should therefore be considered by each and every company. These factors revolve around employee engagement across all levels, communication at all levels, innovation, project management and organizational culture. (Bryson, J. M., et al 2011)This paper will therefore focus on the case study of Tesla Inc. to bring out ways of implementing the already chosen strategic plans of the company.

One of the strategic plans that the company has come up with for example is the plan to become a mass maker of electric vehicles. So far it is leading in the manufacturing of electric vehicles in the market compared to its closest competitor Ford. However the demands for electric vehicles is on high and the company cannot fulfill all the orders. The company is currently facing challenges in the manufacturing of vehicles as a result of its limited access to resources and the small size. This is a disadvantage to the company when compared to other automakers. Therefore failure of the company to act decisively would expose it to the risk of losing its technological advantage and provide a chance to other competitors to manufacture and develop their own electric vehicles models and push Tesla Inc. out of the lucrative automobile market. In order to avoid this, it will be better for the company to ensure that it implements its strategic plan of being the mass maker of electric vehicles while maintaining the technological lead over its competitors.

In order to implement this plan, the company should first address the following questions. For one, how does the company plan to deal with the lack of infrastructure that will support the operations of their electric vehicles? How does the company plan to shift its target to reach a larger consumer market? For successful implementation of this plan, the raised questions should therefore be addressed since this will ensure that it plan is implemented to the end without interruptions from the possible challenges that could arise from the discussions above. In regards with the questions raised above, the company should ensure that it has enough charging systems for the electric vehicles across the globe so as to increase the chances of the sales of its electric vehicles. This generally means that by putting up enough super charger stations, the company will be able to this will expand the rate of the clients’ item appropriation. Therefore this will lay a foundation of ensuring the success of the company’s strategic plan. (Bryson, J. M., et al 2011)

Tesla Inc. can also ensure successful implementation of this strategic plan by applying the five most critical factors that will make the plan work well. It can do this by engaging all its employees across all the levels of management by letting them be familiar with this plan. Engagement of employees across all levels of organization while planning to implement a strategic plan is important in the sense that it will generate additional input and enhance their commitment up to the end of the plan. Employee engagement will also provide insight into issues, concerns challenges and opportunities which might not be well known or fully understood while also ensuring you have their support that might help in executing strategies. It can also do this by ensuring that it remains innovative in its model designs while upholding organizational culture. Tesla Inc. can also ensure successful implementation of this strategic plan by upholding proper management of the plan and the project. (Prasad, K. 2015)

Besides the above mentioned factors, Tesla Inc. can ensure that it successfully implements it strategic plans by aligning its initiatives. More often than not, a failure in the implementation of a strategy usually arises from the fact that new strategies are created but ways of implementing it remains as usual without any changes. This is wrong since a new strategy should mean new priorities and new activities in all levels of the organization. Reviewing of every organizational activity against their relevance to the new strategy therefore become necessary to perform to make sure that it will work well. An effective way of ensuring this would be the creation of strategic management measurement tool that will analyze the existing and new initiatives against their strategic value and their impact to the company. In order to ensure that priorities are highlighted and the right initiatives are adopted, it would be beneficial for Tesla company these initiatives against a scorecard that has been developed.

Tesla Company should also align its budgets and performance towards the successful implementation of the strategic plan. (Prasad, K. 2015). Budget alignment to the strategic plan will be beneficial in that it will protect strategic expenditure from being allocated to operating expenditures short term requirements while subjecting strategic initiatives to rigorous reviews in terms of productivity. (Bryson, J. M., et al 2011)Tesla Company should also align organizational performance closely alongside its strategies.

In conclusion, the company should also regularly monitor and adapt to the strategic plans in order to ensure their successful implementation. Monitoring and adapting to the plans would mean regular holding of strategic meetings throughout the year while assessing the performance and relevance of the initiatives and strategic plans. When the above discussed factors are considered, Tesla Inc. will experience a very successful implantation of its strategic plans.

REFERENCES

Bryson, J. M., Anderson, S. R., & Alston, F. K. (2011). Implementing and Sustaining Your Strategic Plan: A Workbook for Public and Nonprofit Organizations. Chichester: John Wiley & Sons.

Prasad, K. (2015). Strategic management.

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