300 words Capstone Discussion responses in 24 hours

Respond to 2 Colleagues 300 words Capstone Discussion responses in 24 hours

Respond

 

to 
two or more of your colleagues’ posts in one or more of the following ways:(150 words or more each Colleague)

· Offer an insight you gained from your colleague’s analysis of how strategy helps business leaders focus on “the big picture.”

· Relate to something your colleague identified about which aspects of culture are most critical to the development and execution of business strategy.

· Provide an additional perspective on your colleague’s analysis of whether it is beneficial for an organization to base its strategy on being mission driven or purpose driven.

Return to this Discussion in a few days to read the responses to your initial posting. Note what you have learned or any insights you have gained as a result of the comments your colleagues made.

1st Colleague to respond to:

In your own words, briefly explain what strategy is and how it can help business leaders to focus on “the big picture.”

A strategy is a plan that is put in place to achieve a goal or objective. Strategies can help business leaders focus on the big picture by showing them the way to stay on track and showing them what the end goal is so they know what they are working toward. When you have a goal in sight and a clear strategy to get there, it is easier for business leaders to prioritize actions that promotes the company’s goals and aligns with how success is measured (LSA Global, 2023).

Based on your own experiences and knowledge of organizational culture, identify which aspects of culture within organizations are most critical to the development and execution of business strategy. Explain why.

One of the most important aspects of organizational culture is the organization’s values and policies. This is important to the development of strategy because the company values give you a path of which to set goals. Another important aspect of organizational culture is open communication. It is important that everyone understands the goals. Having an open line of communication allows for the employees to ask questions when needed and not be fearful of talking to management. This is important because it takes every employee working toward the same goals to make them successful.

Analyze whether it is beneficial for an organization to base its strategy on being mission driven or purpose driven. Explain why or why not. Are there any negatives or compromises that organizations might need to consider?

Mission driven and purpose driven are both beneficial to an organization. It just depends on the company. Purpose driven are designed more for non-profit organizations. Purpose driven are committed to making a positive impact on society and not a profit. Mission driven strategies are for businesses that want to make a profit. The focus of mission driven is to have an impact for customers, employees, and shareholders (Goodson & Walker, 2021).

 
 

Goodson, S. & Walker, C. (2021). Purpose Versus Mission: What’s the Difference? Finding the

            right expression for your company is crucial. Retrieved from:

            

https://www.inc.com/scott-goodson/purpose-vs-mission-whats-difference.html
Links to an external site.

 

LSA Global (2023). 3 Strategic thinking behaviors to better see the big picture. Retrieved from:

            https://lsaglobal.com/blog/3-strategic-thinking-behaviors-better-see-big-picture

2nd Colleague to respond to:

From my perspective, strategy is the calculated approach to achieving a specific result. In the relation to the overall big picture of an organization, you must use strategy to best set the company up for success. By having a strategy, you will have a clear plan for accomplishing this goal. Part of your strategy should be striving to understand the big picture and all the foreseeable components involved. By having this understanding, you will understand how one task impacts another and potentially avoid making decisions that improve one aspect while ruining another. “Having a big-picture perspective can help you prioritize effectively, set better goals and improve time manage” (Birt, 2022). The company that I am currently employed by focuses heavily on the big picture and making sure that despite being on 1 part of a 10-step process, you understand the other steps so that you can better innovate and take ownership of your part.

In addition, the company focuses on company culture. In fact, they have been recognized as one of the top places to work in the Philadelphia area for the last 5 years and one of the top places to work in USA for the last two years. From my experience, the two most important aspects of organizational culture are leadership, communication, and employee empowerment. All of these aspects overlap when trying to build strong organizational culture.

A strong leader can make or break a team. They need to be able to provide guidance to their team through good times and bad times. This is done through effective communication and empowering the people around you to also feel like leaders. This does not mean that everyone should have the final say in decision making, but they should certainly feel like their voice matters and that they have the ability to offer insightful suggestions. “Organizations empower employees when they provide them with flexibility, autonomy and respect. Empowered employees are more creative and innovative. The organizational culture is stronger as a result.” (Zemke, 2022).

 “Your company’s purpose is about why you exist beyond making money, and its mission describes what your company does to realize its purpose.” (Goodson, 2021). I believe that both hold a significant purpose in the success and failure of an organization. Your purpose is nothing without a mission and your mission may not always be successful without a purpose. I believe that for me, purpose is important because whether you are an individual or a business, you should understand your why. Why is it that you go out there and run this business every day? Being able to understand that and communicate it to potential customers and consumers will make them believe in your business and create more return business.

References:

Birt, J. (2021, April 13). 
Understanding the bigger picture and why it’s important. Indeed. Retrieved January 11, 2023, from 

https://www.indeed.com/career-advice/career-development/see-the-bigger-pictureLinks to an external site.

Zemke, A. (2022, May 5). 
What are the most critical elements of organizational culture? Beehive. Retrieved January 11, 2023, from https://beehivepr.biz/elements-of-organizational-culture/

Goodson, S. (2021, December 1). 
Purpose versus mission: What’s the difference? | inc.com. Retrieved January 11, 2023, from https://www.inc.com/scott-goodson/purpose-vs-mission-whats-difference.html