I need a response to the below Statement: From my experience, the most challenging aspect of strategic planning is stakeholder investment. In my organization we implemented drastic change copying a st

I need a response to the below Statement:

From my experience, the most challenging aspect of strategic planning is stakeholder investment. In my organization we implemented drastic change copying a strategic plan from our competitor. As Daft (2013) explains, strategic thinking takes a long-term view and executes strategies that will be a fit between the organization and its environment. This change was quick and negatively impacted employees and customers considerably. From a shareholder perspective, it was a success as stock prices soared. Long-term results have yet to be felt. A study conducted by Naslund and Williamson (2020) determined the strategy used can completely change an industry. It is a top-down method heavily dependent on lay-offs to reduce costs. It is mostly focused on profitability and shareholder value. Based on the strategic plan that was implemented, short-term gains were the goal. Perhaps implementing a varying strategy that would slowly alter the organization in a greater amount of time would have been more ideal.

Mike

References

Daft, R. L. (2013). Management (11th ed.). Mason, OH: South-Western, Cengage Learning.

Naslund, D., & Williamson, S. (2020). A critical analysis of organizational transformation – PSR. International Journal of Quality and Service Sciences, 12(2), 187-200. doi:http://dx.doi.org.lopes.idm.oclc.org/10.1108/IJQSS-11-2018-0092

Show more







Calculate the price of your order

550 words
We'll send you the first draft for approval by September 11, 2018 at 10:52 AM
Total price:
$26
The price is based on these factors:
Academic level
Number of pages
Urgency
Basic features
  • Free title page and bibliography
  • Unlimited revisions
  • Plagiarism-free guarantee
  • Money-back guarantee
  • 24/7 support
On-demand options
  • Writer’s samples
  • Part-by-part delivery
  • Overnight delivery
  • Copies of used sources
  • Expert Proofreading
Paper format
  • 275 words per page
  • 12 pt Arial/Times New Roman
  • Double line spacing
  • Any citation style (APA, MLA, Chicago/Turabian, Harvard)

Our guarantees

Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.

Money-back guarantee

You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.

Read more

Zero-plagiarism guarantee

Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.

Read more

Free-revision policy

Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.

Read more

Privacy policy

Your email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.

Read more

Fair-cooperation guarantee

By sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.

Read more

Order your essay today and save 10% with the coupon code: best10