Danielle Norman
RESPOND OF FEEDBACK TO STUDENT POST FOR THE WEEK
Discuss how this knowledge has changed your perspective on strategy
The most competitive organizations in the world embrace change. First, this course has helped me to realize that the best strategy requires challenging several of our preconceptions, mainly about organizational roles and design (Penny, 2020). I also realized that implementing a system with an enterprise can be challenging. Hence, it requires a highly structured approach to coordinating the balanced scorecard. Penny (2020) adds that effective strategy requires matching a collection of business initiatives critical to successful organizational outcomes. Effective leadership is also vital in strategy implementation (Sneader & Sternfels, 2020). Great leaders help corporations to rethink their business model as they shift to full speed. Companies that adopt new strategies constantly to accommodate changes are well-equipped to face challenges while exploiting opportunities. More importantly, a business should focus on four strategic areas: accelerating digital solutions’ adoption, rethinking the organization, restructuring operations, and recovering revenue (Sneader & Sternfels, 2020). In an interview with MIT Leadership Center (2017), Donald Sull recommends companies engage with explicit experimentation, mainly testing simple rules to determine ones that work and prioritize them over others.
How your new skills might be helpful for your career trajectory:
The skills I have acquired in strategy implementation will be vital for securing and retaining a great job. Corporations constantly seek talent to promote their strategic continuity planning, resource allocation, workforce development, and reward strategy development. I will venture into precise experimentation to help my organization advance in critical areas, including building a highly motivated workforce. My skills will also apply in helping my firm thrive in a rapidly changing business world. Learning from the Covid-19 pandemic, it is clear that organizations should not only plan for uncertainties but also be highly flexible to accommodate any changes. Therefore, I believe I will be a great asset to my organization.
MIT Leadership Center. (2017, Jan 12). Following simple rules in a complex world. YouTube.
Penny, N. (2020, May 29). The office of strategy management – Next generation design (‘OSM2’). LinkedIn.
Sneader, K. & Sternfels, B. (2020, May 1). From surviving to thriving: Reimagining the post-COVID-19 return. McKinsey & Company.
