Stilsim Strategy Implementation Custom Essay

Overview

Strategy implementation is the final phase of the strategic management process and is significantly different from the earlier two phases. The strategic analysis phase required the most digging, number crunching,

and analysis leading up to the identification of strategic options. Strategy formulation built on the strategic analysis by researching additional strategic options and ultimately focused on judgment and the ability to

justify the recommendation made. However, the success or failure of strategy lies firmly in its implementation. The quality of the analysis and strategy formulation will have no value without effective

implementation. This requires a thorough action plan that is supported with a control process to track implementation progress. An effective implementation plan also requires an analysis of possible risks

associated and contingency plans with the strategic plan. Important questions to ask are:

What can have been overlooked?
Are all assumptions valid?
What can be done to reduce the impact these risks might have?
Which contingencies might be put in place to deal with likely problems as they arise during implementation?

Action Items

Use the Strategy Implementation template to prepare a strategic implementation plan. This document should be five to seven pages in length double spaced (not including the title page or appendix). Write this

assignment from the perspective of an employee working for StilSim Personnel. The target audience will be Bill Simmons and other employees at StilSim. In your paper include the following sections (see the

template for full details):

Revised Mission, Vision, & Values Statements – Include a revised mission statement that can guide all employees in executing their daily job, a vision statement that captures what you believe StilSim might

become, and a statement of values (principles) that you are recommending for StilSim. These statements should be aligned with and support your recommended strategies. Give a short introductory overview

of the topic and why it is important to StilSim. These statements should be aligned with and support your recommended strategies. You are encouraged to evaluate your work against standards of excellence for

these types of statements. Consider whether they are worded in such a way that employees of StilSim Personnel can relate to them, i.e., line-of-sight to their daily work.

Mission. Discuss how you would change StilSim’s mission statement. Why is the new mission statement better? (1-2 paragraphs)

Vision. In 1-2 paragraphs describe your vision for StilSim. What is a vision? What would StilSim look like if all of your strategies were implemented successfully? Review your Strategic Outcomes (mini-

visions) and weave these into a coherent summary that expresses this end result. You do not have to create a snappy generic motto, such as “We want to become a world-class personnel services firm.” These

are usually meaningless.

Values. Write a short introduction on values. Values answer the question “How are we going to treat each other?’ This applies to all stakeholders, not just employees. Develop a list of four to five values that

you feel are important for StilSim to embrace if it is going to build a healthy culture. Describe each value and why you feel it is important to StilSim’s success.

Value 1. (This heading should name the value. Do not say “Value 1”) In 2-3 sentences, describe each value and why you feel it is important to StilSim’s success. Do the same for other values.
Value 2.
Value 3.
Value 4.

Go-To-Market Strategy – Include at least one go-to-market (generic) strategy in your implementation plan. Give a one-two paragraph summary of your recommended strategies. Describe how your

recommended strategies support the generic strategy.

Market Strategy – You do not need to create a full, detailed marketing plan. Rather, provide some recognition during implementation of the marketing that will be required to support the new strategic thrust.

You do not need to create a full, detailed marketing plan. Rather, provide some recognition during implementation of the marketing that will be required to support the new strategic thrust. Here are some

related issues to address:

Specific marketing strategy required to support your strategic recommendation

What must be done and the timeframe needed to do it in

The people involved

How to track progress?

High-Level Action Plan

Conclude with a high-level action plan for implementing your strategy. Parts of this plan may refer back to earlier sections. Include a table (or flow chart) with action steps, dependencies with other action steps,

expected timing, and who is responsible for the action item. Provide an overview of the emphasis of your implementation plan. Which strategies are critical? Which are supporting? You should have 3-5

Corporate or Operational strategies. Identify the action steps that are expected to be the most difficult or have the highest priority for the successful implementation of your strategic plan.

Insert your Implementation Plan table (or flow chart) here. Show each strategic initiative, the key implementation steps, and the timing.

Strategic Initiative 1 – Describe each strategic initiative, its dependencies with other actions, the estimated costs and financing sources, and who will be responsible for the initiative. What are the first key steps?

(1-2 paragraphs)

Strategic Initiative 2.

Strategic Initiative 3.

Strategic Initiative 4.

Competition – address the following items about competition:

How you expect competitors to respond to your change in strategic direction

Whether your implementation plan can withstand this competitive response

Risks – An effective implementation plan also requires an analysis of possible risks associated with the strategic plan. Address these questions as part of the analysis of possible risks associated with your

implementation plan:

How would you defend the validity of the assumptions you have made?

What might be done to reduce the impact these risks might have?

What contingencies might be put in place to deal with likely problems as they arise during implementation?
Check-in point: How is your anxiety level? Probably high due to time pressures to fully understand a complicated situation and make decisions where the choices are not always clear and ambiguities remain.

Recognize and use this feeling to keep you on your toes because all the employees in StilSim Personnel are likely to have the same feeling of anxiety, not fully knowing what is ahead. Even Bill Simmons will be

faced with anxiety from change embedded in your strategic recommendations. (Erase this for your deliverable.)

Organization Design – Include an organization design suitable for implementing your recommendations. Is a reorganization of functions or responsibilities required? If so, describe these changes and how they

will be orchestrated? What advantages and capabilities does the new organizational design give StilSim?

Insert your proposed Organizational Chart here.

Cite your sources.

Give a Summary – What are the MOST IMPORTANT takeaway messages for Bill Simmons, President of StilSim? Remember that this is the information that will be translated into the bullet points for your

slide show so write specifically, not generally. Summarize your paper in five to seven PowerPoint slides that will eventually become part of assignment "Presentation – Strategic Plan Presentation."

Copy the slide bullet points or insert a copy of the slides into an appendix of this assignment.
Overview

Strategy implementation is the final phase of the strategic management process and is significantly different from the earlier two phases. The strategic analysis phase required the most digging, number crunching,

and analysis leading up to the identification of strategic options. Strategy formulation built on the strategic analysis by researching additional strategic options and ultimately focused on judgment and the ability to

justify the recommendation made. However, the success or failure of strategy lies firmly in its implementation. The quality of the analysis and strategy formulation will have no value without effective

implementation. This requires a thorough action plan that is supported with a control process to track implementation progress. An effective implementation plan also requires an analysis of possible risks

associated and contingency plans with the strategic plan. Important questions to ask are:

What can have been overlooked?
Are all assumptions valid?
What can be done to reduce the impact these risks might have?
Which contingencies might be put in place to deal with likely problems as they arise during implementation?

Action Items

Use the Strategy Implementation template to prepare a strategic implementation plan. This document should be 4-6 pages in length double spaced (not including the title page or appendix). Write this

assignment from the perspective of an employee working for StilSim Personnel. The target audience will be Bill Simmons and other employees at StilSim. In your paper include the following sections (see the

template for full details):

Revised Mission, Vision, & Values Statements – Include a revised mission statement that can guide all employees in executing their daily job, a vision statement that captures what you believe StilSim might

become, and a statement of values (principles) that you are recommending for StilSim. These statements should be aligned with and support your recommended strategies. Give a short introductory overview

of the topic and why it is important to StilSim. These statements should be aligned with and support your recommended strategies. You are encouraged to evaluate your work against standards of excellence for

these types of statements. Consider whether they are worded in such a way that employees of StilSim Personnel can relate to them, i.e., line-of-sight to their daily work.

Mission. Discuss how you would change StilSim’s mission statement. Why is the new mission statement better? (1-2 paragraphs)

Vision. In 1-2 paragraphs describe your vision for StilSim. What is a vision? What would StilSim look like if all of your strategies were implemented successfully? Review your Strategic Outcomes (mini-

visions) and weave these into a coherent summary that expresses this end result. You do not have to create a snappy generic motto, such as “We want to become a world-class personnel services firm.” These

are usually meaningless.

Values. Write a short introduction on values. Values answer the question “How are we going to treat each other?’ This applies to all stakeholders, not just employees. Develop a list of four to five values that

you feel are important for StilSim to embrace if it is going to build a healthy culture. Describe each value and why you feel it is important to StilSim’s success.

Value 1. (This heading should name the value. Do not say “Value 1”) In 2-3 sentences, describe each value and why you feel it is important to StilSim’s success. Do the same for other values.
Value 2.
Value 3.
Value 4.

Go-To-Market Strategy – Include at least one go-to-market (generic) strategy in your implementation plan. Give a one-two paragraph summary of your recommended strategies. Describe how your

recommended strategies support the generic strategy.

Market Strategy – You do not need to create a full, detailed marketing plan. Rather, provide some recognition during implementation of the marketing that will be required to support the new strategic thrust.

You do not need to create a full, detailed marketing plan. Rather, provide some recognition during implementation of the marketing that will be required to support the new strategic thrust. Here are some

related issues to address:

Specific marketing strategy required to support your strategic recommendation

What must be done and the timeframe needed to do it in

The people involved

How to track progress?

High-Level Action Plan

Conclude with a high-level action plan for implementing your strategy. Parts of this plan may refer back to earlier sections. Include a table (or flow chart) with action steps, dependencies with other action steps,

expected timing, and who is responsible for the action item. Provide an overview of the emphasis of your implementation plan. Which strategies are critical? Which are supporting? You should have 3-5

Corporate or Operational strategies. Identify the action steps that are expected to be the most difficult or have the highest priority for the successful implementation of your strategic plan.

Insert your Implementation Plan table (or flow chart) here. Show each strategic initiative, the key implementation steps, and the timing.

Strategic Initiative 1 – Describe each strategic initiative, its dependencies with other actions, the estimated costs and financing sources, and who will be responsible for the initiative. What are the first key steps?

(1-2 paragraphs)

Strategic Initiative 2.

Strategic Initiative 3.

Strategic Initiative 4.

Competition – address the following items about competition:

How you expect competitors to respond to your change in strategic direction

Whether your implementation plan can withstand this competitive response

Risks – An effective implementation plan also requires an analysis of possible risks associated with the strategic plan. Address these questions as part of the analysis of possible risks associated with your

implementation plan:

How would you defend the validity of the assumptions you have made?

What might be done to reduce the impact these risks might have?

What contingencies might be put in place to deal with likely problems as they arise during implementation?
Check-in point: How is your anxiety level? Probably high due to time pressures to fully understand a complicated situation and make decisions where the choices are not always clear and ambiguities remain.

Recognize and use this feeling to keep you on your toes because all the employees in StilSim Personnel are likely to have the same feeling of anxiety, not fully knowing what is ahead. Even Bill Simmons will be

faced with anxiety from change embedded in your strategic recommendations. (Erase this for your deliverable.)

Organization Design – Include an organization design suitable for implementing your recommendations. Is a reorganization of functions or responsibilities required? If so, describe these changes and how they

will be orchestrated? What advantages and capabilities does the new organizational design give StilSim?

Insert your proposed Organizational Chart here.

Cite your sources.

Give a Summary – What are the MOST IMPORTANT takeaway messages for Bill Simmons, President of StilSim? Remember that this is the information that will be translated into the bullet points for your

slide show so write specifically, not generally. Summarize your paper in five to seven PowerPoint slides that will eventually become part of assignment "Presentation – Strategic Plan Presentation."

Copy the slide bullet points or insert a copy of the slides into an appendix of this assignment.