Managing Internal Operations

Overview

You submitted a strategic plan for an innovative new product idea to the C-level executives of your organization. Congratulations! It was approved, and you have been promoted to your chosen organization's chief strategy officer position. The C-level executive committee was very impressed with your strategic plan. Now, it is time to implement your strategy. Develop a strategy implementation plan to share with your management team, which will be responsible for executing the strategy for your innovative new product idea in your chosen market. Use the following criteria to develop the strategy implementation plan for your innovative new product idea.

Assignment Requirements: In this assignment, you will address the course outcomes by developing a strategic implementation for your chosen organization. Address the following inquiries in your deliverable using the assignment template.

Implementation Strategy

• 1. Explain what must be done to successfully implement the strategy for your innovative new product idea to improve your chosen organization's competitive advantages.
• 1.1. Discuss how to manage your organization's value chain in implementing your strategy.
• 1.2. Explain the ideal organizational design of your organization to ensure the successful implementation of your strategy.

Strategy Team Structure

2. Organize a strategy-supportive management team structure to implement a strategy for a new idea that increases your organization's competitive advantage.

• 2.1. Choose the optimal organizational structure type for the team implementing your strategy.
• 2.2. Determine and explain the structure (hierarchical or flat) and why it would produce the best results to implement your strategy.

Strategic Initiative Projects 3. Identify and prioritize projects into a balanced scorecard to implement a strategy for a new idea that increases an organization's competitive advantage.

• 3.1. Complete a balanced scorecard chart. Use it to identify and prioritize projects per category.
• 3.2. Create a list of strategic initiatives and prioritize them as projects for your management team to implement.
• 3.3. Develop a timeline depiction indicating project completion milestones.
• 3.4. Identify one strategic initiative that is critical to the overall success of your strategy and explain why it is the most important project to focus attention, efforts, and resources.
• 3.5. Complete the project scope form for your chosen strategic initiative to demonstrate project planning to your management team.

Resource Allocation

4. Develop a plan to allocate resources based on the priority of projects for a new idea that increases your organization's competitive advantage.

• 4.1. Explain the importance of resource allocation and resource management to the success of your strategy.
• 4.2. Explain the resource audit process to your management team and why it is important.
• 4.3. Develop a resource management checklist for your chosen strategic initiative to demonstrate resource allocation to your management team.
• 4.4. Explain the role of information systems and technological resources in executing your strategic initiative project.
• 4.5. Based on the results of your resource planning, develop a budget proposal for your strategic initiative.
• 4.6. Concisely explain your budget proposal.

Key Performance Indicators

5. Explain the purpose and importance of managing performance and provide details on how it is accomplished to ensure competitive advantage is achieved.

• 5.1. Explain the purpose of key performance indicators and how they work.
• 5.2. Complete the “Deciding what to measure” form to identify key performance indicators (outputs, actions, and measurements)
  • 5.2.1. Design five key performance indicators to manage the implementation of your strategy.

• 5.3. Concisely explain the key performance indicators and how they will collectively ensure competitive advantage is achieved.

Continuous Improvement Process

6. Develop a continuous improvement philosophy to ensure your strategy's implementation increases your organization's competitive advantages.

• 6.1. Create and thoroughly explain the continuous improvement philosophy of your organization.
  • 6.1.1. Consider adopting an existing continuous improvement philosophy such as Kaizen, Six Sigma, EFQM, etc. Explain it thoroughly, specifically addressing who, what, why, when, where, and how the continuous improvement philosophy will ensure competitive advantages.
• 6.2. Explain how problems and challenges will be analyzed and solved.
• 6.3. Explain how to create the right environment for continuous improvement within your organization to ensure competitive advantages are achieved.

Culture and Performance

Explain how your organization's culture will impact the strategy implementation for your innovative new product idea that increases its competitive advantage.

• 7.1. Define the purpose of your organizational culture and how it contributes to the successful implementation of your strategy.
• 7.2. Explain how each category of the cultural web in your organization will impact the successful implementation of your strategy.
• 7.3. Explain how your team will manage “cultural fit” and “cultural add.”
  • 7.3.1. Explain how conflicts in the organizational culture will be handled.
• 7.4. Design an incentive and reward plan to promote effective and efficient strategy implementation.

Conclusive Remarks

8. Develop closing remarks to your management team that encourage collaboration and inspire innovation and entrepreneurship in the effort of implementing your strategy for your innovative new product idea that increases the competitive advantage of your organization.

APA Style

• Apply APA Style to in-text citations with minor errors.
• Apply APA Style to references, with minor to no errors.
• Use three reliable and/or scholarly research resources.

Writing Conventions

• Use at least three peer-reviewed academic research resources to substantiate your critical thinking and provide viable reasoning for your perspectives.
• Use headings to segment the topics in your writing to create a flow of ideas for your reader.
• Use diagrams, images, and charts to give context to your writing.
• Use reasoning skills to support your statements, thoughts, opinions, and ideas.
• Write in the third person to develop your business report.

You should make thorough use of the reading resources to complete this deliverable. You are the professional and will need to determine how many slides and how long the presentation should be to meet the requirements of this assignment. You can do professional research and make strategic decisions at this level of your degree program. Take the initiative to be the problem solver and strategic decision-maker.