GM705 - Strategic Management and Leadership

Assignment Task 

Task 1: Report 

Experts have opined for decades on the reasons behind the spectacular failure rates of strategy execution. In 2016, it was estimated that 67% of well-formulated strategies failed due to poor execution. There are many explanations for this abysmal failure rate, but a 10-year longitudinal study on executive leadership conducted by my firm showed one clear reason. A full 61% of executives told us they were not prepared for the strategic challenges they faced upon being appointed to senior leadership roles. It’s no surprise, then, that 50%–60% of executives fail within the first 18 months of being promoted or hired.

The above extract has been taken from the article published in Harvard Business Review titled “Executives fail to execute strategy because they are too internally focused” by Ron Carucci.

In the context of the above extract, learners should write a strategic report to help the strategic vision of an organization of their choice. The company can be a multinational company or a small or medium enterprise.You will write a formal report and you may use graphics and charts in the report that will be sent ahead of the Board meeting to each member of the Board. The report should include full citations for all references to support your claims and approach. The body of the report should be clear, concise, and compelling.

Note: - Primary data collection is not required for the assignment, only information gathering is expected from client organisations. 

Your report should include the following aspects:

1. Introduction to the chosen organization.

2. Focus on the relationships between strategy, stakeholder expectations, and organizational performance, choosing a theory of strategic management to explain those relationships and expectations. Justify to the Board why you settled on this approach rather than some other one.

3. Identify and evaluate the impact of internal and external factors on strategic management in international context, particularly economic, political, and cultural factors.

4. Based on the analysis of the environments (internal and external) use relevant tools and formulate a new strategy to face the challenges and meet organizational objectives. Critically evaluate the strategy and justify why this is the best way forward.

5. Develop an implementation plan for the strategy you have developed and document how your plan will fulfil major stakeholder expectations. Also, discuss how the strategy encourages and supports innovation and change.

Task 2: Organizational Redesign

For the above strategy how would you restructure the organization which enables it to overcome the challenges and improve innovation, collaboration and coordination? Develop and submit a strategic restructure plan.

The report should be around .

1. Analyse the current organizational structure and evaluate its effectiveness in meeting organizational objectives. Describe the reasons why a restructure is required to enable the new strategy implementation. Include current organization chart and proposed organizational chart. Describe the proposed structural changes and its benefits in detail.

2. Critically evaluate the restructure plan by addressing possible issues and negative consequences and ways to overcome them.

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