Business Operations in Crown Holdings
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Kindly develop and present a strategy for implementing change in the organization with the objective of bringing about a transformation that will secure competitive advantage through improved performance, coordination, and innovation.
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Solution Summary
The expert develops and presents a strategy for implementing change in the organization with the objective of bringing about the transformation.
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Implementation is the process that turns strategies and plans into actions that's needed to accomplish strategic objectives and goals. Implementing the strategic plan is just as important as the strategy. The critical actions move a strategic plan from being a document to being a change that grows a business.
The strategic plan gives a business the roadmap it needs to pursue a specific strategic direction and set of performance goals, deliver customer value and be successful. The strategic plan details the what and why of activities, but implementation addresses the who, where, when and how. Both the strategic plan and implementation are critical to success. Companies can gain a competitive advantage through implementation if everything is properly completed.
There are some implementation pitfalls that a company will need to avoid. The following are the most common reasons why strategic plans fail.
- Lack of ownership: This is the most common reason why a strategic plan fails. Since people don't have ownership or responsibility in the plan, it'll be business as usual for everyone except for a small few.
- Lack of communication: If the strategic plan isn't communicated to employees, the employees will not know how they can contribute to the success of the plan.
- Getting mired in the day-to-day: Owners, senior management, managers can get consumed in the daily operation problems and lose sight of the long term goals.
- An ...
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