Question

Suppose Michael Dell comes to you with a new strategic plan for the company and asks you to manage its execution. What are the most important elements for you to consider in executing this strategy?

Answer 1

In any organization before the execution of any strategy, many things have to be considered quite carefully. If Michael Dell comes to me with a new strategic plan and asks me for its proper execution then I will take into consideration many key points in the proper execution of the plan.

As I said that before a proper execution of any strategy many key points have to be taken into consideration. Firstly, a proper understanding is must of any plan because a plan can only be executed in the proper direction if the person executing it is having full knowledge and understanding of the plan. Therefore I will first try to have complete knowledge about the plan. After having full knowledge then I will do planning about the various activities which will have to be accomplished for executing the plan. In planning, I will decide how the activities will be divided among the different employees working in the organization. Also, I will decide the amount of funds required for the execution of the plan. Also, I will decide the time period within which I will achieve the implementation of the plan. After planning the necessary and important things I will look for the necessary funds available with the organization. If the organization will be having adequate funds then there will be no problem but if the organization lacks the amount of funds required then I will look for the sources from where the required funds can be generated. After this, I will start assigning jobs to various employees working in the organization according to their skills and capabilities. I will decide how much authority and responsibility will be given to each employee in the organization according to the level of an employee so that there can be proper distribution of authority and responsibility. Actually, in every organization there is a need for the proper balance between the authority and responsibility among the different employees. After assigning jobs to various employees in the organization I will give directions to various employees in the organization whenever required so that the employees should not face any problem in their job and giving directions helps in improving the performance of employees. After doing all these steps the last thing I will do is that I will supervise the workings of various employees in the organization that whether the employees are working in the right direction or not. Supervision helps in proper monitoring over the working of the employees and this makes employees work quickly without any laziness.

Thus these are the necessary steps that I will follow before the proper execution of a strategy or a plan.