3.2 select an appropriate future strategy for john Lewis(I choose product strategy) : clearly state your strategy .this strategy should also link to the SWOY and to the existing (or emerging)vision, aims, objectives, values and competencies of the organization. your selected strategy has to be justified and qualified. state if it supports substantial growth, limited growth or retrenchment.
4.1compare the roles and responsibilities for strategy implementation: this is about people and who you need to involve in the change and what responsibilities they have. consider what changes are required to the structure and leadership of the organization to achieve the new strategy. what is in existence now and what does it need to be ?how are these changes going to be brought about? consider the roles of leadership and management, project teams(consider what team and individuals roles are needed and their responsibilities),matrix structures ,champions, training and development ,talent management ,quality circle, TQM. cultural change, communication. what communication would you make to the rest of the business and stakeholders about the changing strategy and how you do it? would you communicate differently to different stakeholders ?managing change .Consider the issues and opportunities with international expansion and benchmark to other organizations that have tired this. consider transformational change and the realisation of strategic plans to operational reality and include Lewin’s change model.
4.2 evaluate resource requirements to implement a new strategy for john Lewis: this is about money. consider an implementation budget table and effectively estimate some costs. also consider time, people and materials required to realise the implementation. what are the implications if you fall below or above the requirements? what is the contingency/plan What is the cost? consider the pressures of change such as Force Field analysis.
4.3 discuss targets and timescales for achievement in john Lewis to monitor a product strategy : this is about time. Here you should draw up a suggested implementation plan (maybe a Gantt) showing timescales, targets of what should be achieved and by who(SMART).you should also look at how you could use this document to monitor progress and make a recommendation on how this should be done (linking back to stakeholders)and how regularly. what can be learnt from effective monitoring ?what happens if targets and deadlines are not met? how can benchmarking help? what is the cost of any delay
conclusion
references ( Harvard Coventry)
reflection
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