Business & Finance Week 8 Assignment- Capstone
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Week8LearningResources-Capstone.docx
WAL_MBAX_6990_assignmentTemplate1.docx
Week8AssignmentInstructions-Capstone.docx
Week 8 Assignment
Capstone
Section 3: The Organizational Strategy- Part 1
For the Assignments in this module, 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 continue to use the same organization you selected in Week 1. You have already analyzed the culture, social and economic climate, and purpose of the organization and evaluated the organization’s health and readiness and opportunities for change. In this final section, you will combine all your previous work and develop a strategy for the organization to address the issue(s) you have identified and help improve its performance over the next 3–5 years. As in previous weeks and for the purposes of this exercise, you are at liberty to use your creativity to fill in gaps in the details about the organization. Be sure to consider the different functional areas, or business units, within the organization to ensure thorough strategy development, validation, and implementation.
This week, you will begin to compile Section 3 of your playbook. Be sure to address the requirements for Part 1 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.
To prepare for this Assignment:
· Return to your MBAX 6990 Assignment Template to complete Section 3—Part 1 of your strategy playbook.
Submit your 2- to 3-page strategy development for the selected organization, to include the following:
Part 1: Developing the Strategy
· Based on the organizational issue previously identified (and in light of the organization’s mission, culture, and practices), propose the strategy you will develop for the organization related to improved organizational performance.
· Examine how the diverse perspectives of the organization’s internal and external customers/stakeholders (i.e., customers, employees, and the community) influence the development and execution of this business strategy.
· Identify anticipated risks associated with your proposed business strategy.
Week8LearningResources-Capstone.docx
Week 8 Learning Resources
Capstone
Developing a Strategy
Think of some organizations where you have worked or with which you are familiar and consider how the engagement levels are compared among them. Did any of them have extremely high or low levels of engagement from either the employees, customers, or other stakeholders? Most organizations would aim for high levels of engagement, and they will be better equipped to accomplish this through an engagement strategy, which is the concept you will explore through these resources.
· Adobor, H. (2019). Opening up strategy formulation: Benefits, risks, and some suggestionsLinks to an external site. . Business Horizons , 62 (3), 383–393. https://doi.org /10.1016/j.bushor.2019.01.005
· Gruner, R. L. (2021, May 14). 4 strategies to simplify the customer journey . Harvard Business Review Digital Articles , 1–6. http://hbr.org
· Kinni, T. (2021, March 2). Arguing your way to better strategyLinks to an external site. . strategy+business , (103). https://www.strategy-business.com/article/Arguing-your-way-to-better-strategy
· Oberholzer-Gee, F. (2021). Eliminate strategic overload . Harvard Business Review , 99 (3), 88–97. http://hbr.org
· Reddy, N. (2018, February 12). Want a successful business? Build an effective strategy Links to an external site. . Forbes. https://www.forbes.com/sites/forbescoachescouncil/2018/02/12/want-a-successful-business-build-an-effective-strategy/?sh=4debe0a869bf
Internal and External Stakeholder Influence
Have you ever been disappointed by a product you bought or service you used? Maybe you asked yourself, “Have the people making this ever tried it?” Supposing the company behind the product or service wanted to succeed in business, it would benefit them to hear that feedback and use it to update their strategy to make the necessary improvements. By listening and being more responsive to stakeholders—whether they are external (customers, community) or internal (employees), organizations can incorporate more diverse perspectives into their strategy. Using these resources, you will examine the influence of internal and external stakeholders.
· CECP. (2010, August 10). Michael Porter: Creating shared valueLinks to an external site. [Video]. YouTube. https://www.youtube.com/watch?v=z2oS3zk8VA4
· Expert Panel Forbes Communications Council. (2021, June 30). 13 questions executives can use to assess their own communications plans Links to an external site. . Forbes. https://www.forbes.com/sites/forbescommunicationscouncil/2021/06/30/13-questions-executives-can-use-to-assess-their-own-communications-plans/?sh=1e76a31b5f30
· Lofgren, J. (2020, November 16). Diversity isn’t an outcome; it’s a strategy for business success Links to an external site. . Forbes. https://www.forbes.com/sites/forbescoachescouncil/2020/11/16/diversity-isnt-an-outcome-its-a-strategy-for-business-success/?sh=1e5fc09444d5
· Morphy, T. (n.d.). Stakeholder influence .Links to an external site. Stakeholdermap.com. https://www.stakeholdermap.com/stakeholder-influence.html
· Palmer, K. (2020, March 30). How employee diversity benefits the strategic planning process Links to an external site. . Training Industry. https://trainingindustry.com/articles/diversity-equity-and-inclusion/how-employee-diversity-benefits-the-strategic-planning-process/
· Sedmak, J. (2021, March 11). What is stakeholder engagement, and why is it important for strategic planning? Links to an external site. SME Strategy Consulting. https://www.smestrategy.net/blog/stakeholder-engagement-management-for-strategic-planning
WAL_MBAX_6990_assignmentTemplate1.docx
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
1
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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Heading
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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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Heading
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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
2
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