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Illustration of winning strategies at work

What is your role in creating a winning strategy for your team or organization?
- Are you the leader who will determine the overall direction?
- Are you expected to provide analysis and support for a set of possible moves?
- Is communicating your group's strategy to others a key part of your role?
Describe your firm and your industry enough to give your colleagues in the program and your faculty team a sense of your particular strategy challenges.

Think about these questions and then share your thoughts:
- Where have you seen a great idea seized by a strong team to create a winning strategy?
- What strategies have you seen that worked really well? Can you tease out the insight/aha, the people decisions, and the best practices that made this strategy a success?

This assignment gives you the chance to apply the concepts you have just learned to your own situation.

Answer the following questions:
- What is your current strategy?
- Do you think it is a winner?
- How widespread is the real understanding of it?

Solution Preview

What is your role in creating a winning strategy for your team or organization?
I am a lead program manager for a leading real estate development corporation. My role includes leading project planning and execution for the construction sites under my leadership.
- Are you the leader who will determine the overall direction?
Yes, in my capacity as the lead program manager, I lead the planning for the construction site, which has a significant impact on the overall direction in which the project will head. In addition, I supervise the overall execution of the development works in order to ensure completion of the development within the timeline committed to customers while adhering to the quality and safety requirements set out by the management.
- Are you expected to provide analysis and support for a set of possible moves?
The master plan for the site under my leadership requires me to provide me the following recommendations to the top management - 1). Type of asset to be developed (residential/ commercial/ retail (mall)/ hotel etc.) 2). Sub-category of the development within the asset class recommended Eg. Luxury condominiums/ affordable housing for residential developments 3). Target profitability and return on investment for the corporation.
This mandates a number of analyses and supporting documents for the recommendations including 1). Past sales and price appreciation trends for different asset classes within the target geography 2). Upcoming market supply and expected demand-supply balance for each asset class 3). Expected inflation in construction cost and expected construction timeline
- Is communicating your group's strategy to others a key part of your role?
The master plan developed by me has to be communicated to the top management for approval. After receipt of approval, the same has to be communicated to the respective corporate function heads such as marketing for developing the marketing strategy and collaterals to enable sales, business development for getting municipal ...

Solution Summary

The writeup illustrates the current strategy and decision making for a job role and evaluates whether the strategy is a winning one based on learnings from Jack Welch's book on Creating Winning Strategies

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