Learning Plan 03 Topic Discussion 03: Present Strategy Must post first. In evalu

Question

Learning Plan 03 Topic Discussion 03: Present Strategy Must post first. In evaluating how well a manager has to start wich the strategy. Figure 4.1, Identifying the Components of a Single-Business Company's Strategy, in your textbook, shows the key components of a single-business company's strategy. ny's present strategy is working, a Discuss with your class how to analyze whether a strategy is working. presen Include at least one APA-formatted citation from your textbook Crafting & Executing Strategy to support your rationale and receive full credit. Discussion Rubric O Type here to search

Explanation / Answer

nce you have completed your yearly strategic planning event and have the goals and objectives ready to implement, you might feel the hardest part is over. But the deployment of the goals and objectives to the operating and program units is the step that requires tremendous communication and coordination efforts. It is then that the whole process of tracking the plan’s implementation is where the real work begins since we have to make sure we are delivering what we set out to accomplish.

For a strategic plan to be actionable and trackable it needs to have tactics with measures that are not vague or general but specific and actionable as well as measurable. Those doing the planning need to consider and build in at every step in the development of the strategic plan how they will track it. Building in the concept of track ability at every step in the strategic planning process helps keep it concrete and not in blue sky generalities. The more specific we can be at every step in the strategic planning process, the better the chances the goals will be achieved.

Once the plan is deployed and the operating and program units begin to develop tactics they will undertake to help achieve the strategic goals, they must make surethat they have tactics that are specific, measureable, and actionable. One key thing that is sometimes missing at the tactic level is the "Completion Date." Defining when we will achieve the tactic is a key input for trackability.

The spreadsheet tracks the strategic goals which are listed as priority areas in the tabs of the spreadsheet and each has an objective, past activities (see what has been done), future activities, and who is responsible (executive and program level), and a tab to identify the status over the five years of the Strategic Plan.

The quarterly reviews help us to see where we are, what has been accomplished, what is behind schedule, and what are the action plans to get back on schedule. Quarterly reviews are a good time to test to see if we have over or under-estimated what we could accomplish and make adjustments. This is also a good time to review the assumptions that were made that the strategic plan was built upon and decide if they are still valid.

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