ASSIGNMENT TASKS Task 1: Report (100 marks, Ideal word count 4000) “Experts have opined for decades on the reasons behind the spectacular failure rates of strategy execution. It has been 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. https://hbr.org/2017/11/executives-fail-to-execute-strategy-because-theyre-too-internally-focused 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. (200 words, 7 marks) 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. (800 words, 20 marks) 3. Identify and evaluate the impact of internal and external factors on strategic management in international context, particularly economic, political, and cultural factors. (600 words, 15 marks) 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. (800 words, 17 marks) 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. (650 words, 18 marks) 6. 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. (650 words, 15 Marks). 7. Recommendations and Conclusion (300 words, 8 marks). References (Adhering to Harvard Referencing Format) (Use 12 Times New Roman script with 1.5 spacing between lines)
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