Question

Question:

Why is leadership so important to the strategy execution process? What are some actions that management can take to lead successful strategy execution? What are some actions managers can take to manage crisis situations?
Your answers will be short essays and should be three full paragraphs or longer.

Answer 1

Importance of leadership in the strategy execution process

Implementation of an organizational strategy can be called as strategy execution. Cooperation of all the employees working in an organization is inevitable in the strategy execution process. The leadership of an organization has a greater role in this regard as they have the responsibility to coordinate the efforts of all the elements in an organization in the strategy execution process. The leadership is responsible for delegating different activities in connection with the strategy execution to people in the organization. It is in fact the responsibility of the leadership to create a sense of urgency for strategy execution in an organization. Also, the leadership must do monitoring of the executed strategies. Alterations if any to the executed strategy must also be done by the leadership on the basis of the monitoring.

Actions to lead successful strategy execution

Strategy execution normally begins with the planning of the strategy, the steps in the strategy execution process will be determined in this phase. Then the organization must create a communication system to drive the organization towards the strategy. The duties to be discharged by each and every employee in the organization in connection with the strategy should be determined next. Now, the organization must implement a tracking and reporting system to know the progress of strategy execution. Finally, an organization shall have a performance evaluation and remuneration system to ensure the successful execution of a strategy.

Actions managers can take to manage crisis situations

An organization shall be exposed to a crisis situation at any time. Managers are the people who are responsible for taking actions to take a company out of the crisis. Every crisis management starts with a clear cut crisis management plan. A crisis communication plan is also equally important in managing a crisis, it is very important that the employees in the organization are informed about the crisis situation and the actions being taken by the management in response to it. Also, the managers in an organization must lead the organization from the front by taking charge of the crisis situation. Prevention of crisis must always be given priority than managing it.

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