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Implementation and Innovation Strategy

The stakeholders have asked you to wrap your strategic analysis up with a document on the proposed implementation and innovation strategy.

Discuss your company’s implementation and innovation strategy using the following points:

Leadership styles
Conflict management
Devil’s advocacy
Integrative thinking
Salience
Causality
Architecture
Resolution
Final external analysis
Trends and events in the general environment
Scanning and monitoring the competitive environment
Analyzing the impact of the competitive forces in its industry
Final internal analysis
Various components of its value chain
Deploying its resources in a way that contributes to competitive advantages
Anticipated financial performance versus competitors
Alignment of organizational goals
Are its short-term objectives consistent with its long-term mission?
Are views of all stakeholders treated the same, or are some stakeholders more critical than others?
Do the proposed policies align with the potential new crises?
Deliverable Requirements: Your company's implementation and innovation strategy should be at least 5 pages and utilize resources from Chapters 12 and 13 as one source as well as 4 additional sources, for a total of 5 sources.

After you have completed the Unit 5 implementation and innovation strategy, you must gather all of your Individual Projects from previous units (5 pages per unit = 25 total) for your company's strategic plan. Use APA formatting and use your textbook as a source as well as 6 other outside sources, for a total of 7.

Mind that you will be sending this document to a potential funding source. Your stakeholders will be paying close attention to the quality and depth of your work.

You completed an analysis of your company in Unit 1. Insert that project into your final report. The following is a refresher of what you completed:

Part 1: Create an Analysis

Your company’s mission and vision
The environmental scan that you created that contains internal (leadership, team performance, organizational performance, collaboration) (potential profits or losses related to these opportunities and threats) and external (industry and competitors) using secondary data.
The most recent annual report of at least 2 competitors and a summary of their operations for use in the environmental scan
Your new company’s forecasted revenue and expenses for the next 3 years
The social complexity of your product
The survey that you created (primary data and secondary data)
You completed the life cycle and diversification proposal for your company in Unit 2. Insert that project into your final report. The following is a refresher of what you completed:

Part 2: Life Cycle and Diversification Proposal and the Functionality of the Company’s Team and Collaboration Capabilities

Using your new company’s product, explain where you envision the new product at each of the following states:

Introduction
Growth
Maturity
Decline
Consider the diversification and the functionality of the new company’s team and collaboration capabilities. Stakeholders need to know you are thinking about the following concerning the future:

Would you consider acquiring a company that is already in the market?
Would it be better for you to merge with a company that has international ties? What would be the benefits of and limitations to doing so?

Full Answer Section

Agile leadership: Adapt to unforeseen challenges and course-correct as needed, showcasing flexibility and decisiveness in a dynamic environment.

Conflict Management:

Empathetic and open dialogue: Facilitate respectful engagement between diverse viewpoints, creating a safe space for constructive conflict and exploration of all options.
Active listening and understanding: Seek to truly understand the underlying concerns and motivations behind differing perspectives to identify common ground and potential solutions.
Focus on solutions, not blame: Shift the conversation from assigning blame to finding workable solutions, fostering collaboration and shared accountability.

Devil's Advocacy:

Encourage healthy skepticism: Welcome and embrace constructive criticism and challenges to assumptions, ensuring thorough consideration of potential risks and blind spots.
Rigorous testing and experimentation: Don't be afraid to test and refine ideas before full-scale implementation, minimizing potential pitfalls and maximizing success.
Debiasing decision-making: Employ structured thought processes and diverse perspectives to identify and mitigate unconscious biases, leading to more objective and informed decisions.

Integrative Thinking:

Break down silos: Encourage cross-functional collaboration and information sharing, leveraging diverse expertise to develop holistic solutions that address the bigger picture.
Emphasize systems thinking: Consider the interconnectedness of various parts of the organization and their impact on the overall implementation and innovation process.
Seek win-win solutions: Aim for outcomes that benefit multiple stakeholders and departments, fostering a sense of shared purpose and ownership.

Salience and Causality:

Focus on initiatives with high salience: Prioritize activities that are directly relevant to your strategic goals and address critical needs, maximizing impact and resource allocation.
Ensure clear causality: Define how each initiative directly contributes to achieving desired outcomes, creating a transparent and measurable roadmap for success.
Track progress and adapt: Regularly monitor the effectiveness of each initiative and make adjustments as needed to ensure they remain aligned with your goals and deliver expected results.

Architecture and Resolution:

Design a clear implementation architecture: Define roles, responsibilities, timelines, and resources needed for each stage of the process, facilitating seamless execution.
Agile project management: Employ flexible and iterative project management methodologies to adapt to changing circumstances and ensure timely completion of milestones.
Clear resolution criteria: Establish well-defined criteria for success for each initiative, providing a basis for evaluation and ensuring alignment with desired outcomes.

In conclusion, remember, successful implementation and innovation require a multifaceted approach. By embracing these principles and tailoring them to your specific context, you can set your company on a path to achieve its strategic goals, navigate the ever-changing landscape, and drive lasting success.

Sample Answer

Building on our comprehensive strategic analysis, here's a roadmap for translating ambition into action through a robust implementation and innovation strategy:

Leadership Styles:

Transformational leadership: Inspire and motivate employees to embrace change and innovation by articulating a compelling vision and empowering them to contribute.
Servant leadership: Prioritize the needs and growth of your people, fostering a collaborative environment where open communication and diverse perspectives flourish.