Week 8 Discussion Response- Capstone

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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