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Organizational Strategy

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Discuss and describe the process of aligning organizational strategic objectives and individual performance?

The key thing is for employees work together to reach a shared objective, as joint objectives help to build a climate of cooperation, confidence. It is one of the ways in which the company will end up achieving is key objectives since they have allowed team work in the company and they promote fairness It is crucial for workers to feel valued and contributing in achieving the goal to align strategic organizational targets or in other words organizational and team goals. The staff should always be told about the broad objectives of the company and everyone should know why to set those objectives. This gives people a sense of inclusiveness and encourages them to pursue these goals. Alignment helps explain goals, reduce bureaucracy, hiring, embark, increase efficiency, enhance employees' commitment, strengthen communication and bind employees overall (Blackburn, Hart & Wainwright, 2013). The company will be in a situation of working towards achieving its key goals and ensuring that they get to be efficient at all times and determine the commitment of employees towards the company. The framework for this alignment may include measures such as organizational objectives, high-level measurement, mission definition, success management, input and feedback management. They are the key aspects within the company that will create a better framework and ensure that the company is doing well in its activities and it will get to achieve all its key goals. Through measuring the success management of the company, the company will be in a better position of looking at possible means in which they have tried toa achieve some key objective and the willingness of the company to achieve more objectives. The other thing is the company will determine whether the mission statement of the company is inline with the employee objective and whether they are making any efforts to change the situation within the company.

What are the benefits of alignment? 

Alignment benefits include enhanced cooperation, better corporate culture, employee satisfaction, increased transparency, accurate recruitment and recruitment, smooth on-boarding, reduced office policy, increased productivity, improved communication. When individual objectives are matched with the objectives of the organization, workers are inspired to accomplish themselves. When personal objectives are associated with organizational goals, the organizational goals are immediately accomplished by individuals achieving individual goals. Alignment makes it easier for the company to determine and always come up with better ways on how they will enhance corporation within the company. It is easier in the sense that through corporation the company will form an alliance where by they will always work hand in hand with the employees and they will be able to achieve their key targets. It will also create a better scenario whereby the company will have a policy that requires the employees in the company to work and follow the set guidelines. The workers and the company management will also come up with a better way in which they will improve communication in the company. Through communication it will be easier to focus on the bigger puncture where by the members will always be committed to the company and they will always feel free to express their concerns.

What are the potential dangers of not having alignment?

Development and operation of the enterprise are at risk if the organizational objectives and individual objectives are not aligned. It may lead to complications within the company in the manner that activities of the company will not be achieved on time. Each organisation's risk of misalignment is a major risk. Division, stall growth, likely financial pool forecasts, cultural and moral problems, loss of revenues / decreasing income and harm to the public image are the possible dangers or the adverse effects of not aligning. For instance, if the company does not take its time to conduct better financial analysis then the automatic thing is that it will end up incurring so many losses. The company needs to ensure at all times that it gets to conduct a better financial analysis before getting to proceed in any activities. The key thing is for the company to align its activities with the available resources which will make it easier for them to focus more on achieving better results. As the organization lacks coordination and governance, the overall business development stops. The organization becomes more reactive than constructive, and futile actions may be duplicated. Low morality and cultural decay affect our workers. People are motivated and management blames workers for missing deadlines and encourages the organization's blame games. It is therefore the duty of the company toe ensure at all times to ensure that they get to align their functions well in order for the employees to know what they need to do on time (Sachs & Sachs, 2021).

Why are capabilities needed to build a sustainable competitive advantage so important to a winning business strategy?

The competitive advantage is essential for the company as it will be competitive, and will lead to larger margins and generating value for its stakeholders. The advantage is a competitive advantage. Emphasis and cost leadership are several tactics to create a sustainable competitive edge. When a company provides a service or product at a low cost, the competition may gain competitive strategies at low costs. China's manufacturing sector is a good example of China enjoy a competitive advantage as a result of its low cost of labour and extensive production facilities. This was backed by the Chinese Government's sponsorship of domestic legislation and trade agreements that fostered China's emergence as the cheap producer (Murphy, Arenas & Batista, 2015). Differentiation is another strategic approach that businesses are pursuing and creating a sustained competitive edge. In order to recognize customer requirements and then meet them with uniqueness, the organization needs a vision. Concentration is the third pillar of a plan for competitive advantage. Companies concentrate on the target customers and then meet their needs. This makes it possible for the company to stand out and to represent its clients. It is a way in which the company will get to achieve a better position when it comes to the market and they will end up building a better reputation. The customers will have more trust to the company and in this case the company will succeed a lot. The company needs to ensure that they get to determine their key functions and the type of activities that they get to accomplish. It is key as they will be known for what they offer and in this case one can easily refer a friend to the company (Althonayan & Andronache, 2019).

Cite one of the company examples in the textbook to illustrate your answer.

The businesses include McDonald's and Walmart's low-cost management approach, all of which manufacture low-cost goods and sell them cheap and focus more on economies magnitude. The concept is to be able to accommodate the crowds of low-cost goods, enhancing our client base allows more sales and hence more benefit. They also ensure at all times that they get to attract more customers to the company and they will get build a strong brand.

References

Blackburn, R. A., Hart, M., & Wainwright, T. (2013). Small business performance: business, strategy and owner‐manager characteristics. Journal of small business and enterprise development.

Sachs, J. D., & Sachs, L. E. (2021). Business alignment for the “Decade of Action”. Journal of International Business Policy, 1-6.

El-Masri, M., Orozco, J., Tarhini, A., & Tarhini, T. (2015, July). The Impact of IS-Business Alignment Practices on Organizational Choice of IS-Business Alignment Strategies. In PACIS (p. 215).

Althonayan, A., & Andronache, A. (2019, June). Resiliency under Strategic Foresight: The effects of Cybersecurity Management and Enterprise Risk Management Alignment. In 2019 International Conference on Cyber Situational Awareness, Data Analytics and Assessment (Cyber SA) (pp. 1-9). IEEE.

Murphy, M., Arenas, D., & Batista, J. M. (2015). Value creation in cross-sector collaborations: The roles of experience and alignment. Journal of Business Ethics, 130(1), 145-162.