Once a strategy has been developed, success depends on a solid process for effective execution. It is important to take the power of strategy design and the power of focus into consideration. Finally, good decision making relies on avoiding decision traps that can take the company down the wrong path.
Minimum of 500 words in the body
Minimum of 2 sources from the literature in addition to course texts
Current APA format must be used.
For your main thread, perform the following:
1. Discuss the process of effectively executing strategy.
2. Discuss the power of design vs the power of focus.
3. Discuss decision traps to avoid.
4. Develop an Annotated Bibliography for the references used in your discussion.
5. Support all of your factual assertions with citations.
Use the following outline:
• Introduction
• Process: Effective Execution of Strategy‐ What is the process in no less than 200 words
• Strategic Thinking: Power of Design vs. Power of Focus ‐ What is it and why is it important in no less than 200 words
• Decision Model: Key Decision Traps to Avoid ‐ no less than 100 words
• Conclusion
• Support your factual assertions with citations.
Include an Annotated Bibliography, in current APA format, of the 2 additional Sources:
Minimum of 250 words in each annotation
Summary of Key Points
Evaluation of the Quality of the Publication Evaluation of the Quality of the Author(s) Where this fits into the discussion
Textbook Readings:
Gamble, J., Peteraf, M., & Thompson, A. (2021), Essentials of strategic management, McGraw-Hill Course Content Delivery (7th ed.), New York, NY. ISBN: 9781260785791. (Chapter 10)
Keller, T. (2014), Every good endeavor: Connecting your work to God’s work, Riverhead Books, New York, NY. ISBN: 9781594632822. (Introduction, Chapter 12 – 14)
Krogerus, M., & Tschäppeler, R. (2017), The decision book: 50 models for strategic thinking., W.W. Norton & Co. (Revised ed.), New York, NY. ISBN: 9780393652376.
Rumelt, R. (2017), Good strategy/bad strategy: The difference and why it matters., Crown Business, New York, NY. ISBN: 9780307886231. (Chapter 9 – 10)
The Hidden Traps in Decision Making (hbr.org)
The Big Lie of Strategic Planning (hbr.org)