Re: Discussion Assignment by Ranjith Kumar A - Monday, 13 May 2024, 11:53 AM Dear Peers, When a company's strategy doesn't match its vision, mission, or values, it can create a lot of problems. First, it confuses employees. They won't know where the company is headed or what it stands for, which affects their work. Second, it damages trust with customers, stakeholders and investors. If the company says one thing but does another, people won't trust it anymore. Lastly, it creates conflict within the company. Employees might not agree with the decisions made by the leaders. In my previous job, the company wanted to be environmentally friendly. They aimed to reduce waste and promote green products. But their strategy was all about cutting costs. They outsourced production to third party service providers who didn't follow the environmental regulations. This went against their vision and mission and upset many employees and customers who cared about the environment. To avoid these problems, leaders should regularly check if their plans match the company's vision, mission, and values. They should involve employees in decision-making, communicate openly about plans, and think about how their decisions affect the company's goals and principles. For instance, in my current role in supply chain management, I ensure that our inventory control and distribution strategies prioritize quality while being cost-effective, in line with our company's values. Reference: Carpenter, M., Bauer, T., & Erdogan, B. (2010). Management principles, v. 1.1. Retrieved from https://2012books.lardbucket.org/books/management-principles-v1.1/index.html

Dear Peers, When a company's strategy doesn't match its vision, mission, or values, it can create a lot of problems. First, it confuses employees. They won't know where the company is headed or what it stands for, which affects their work. Second, it damages trust with customers, stakeholders, and investors. If the company says one thing but does another, people won't trust it anymore. Lastly, it creates conflict within the company. Employees might not agree with the decisions made by the leaders. In my previous job, the company wanted to be environmentally friendly. They aimed to reduce waste and promote green products. But their strategy was all about cutting costs. They outsourced production to third-party service providers who didn't follow the environmental regulations. This went against their vision and mission and upset many employees and customers who cared about the environment. To avoid these problems, leaders should regularly check if their plans match the company's vision, mission, and values. They should involve employees in decision-making, communicate openly about plans, and think about how their decisions affect the company's goals and principles. For instance, in my current role in supply chain management, I ensure that our inventory control and distribution strategies prioritize quality while being cost-effective, in line with our company's values. Reference: Carpenter, M., Bauer, T., & Erdogan, B. (2010). Management principles, v. 1.1. Retrieved from https://2012books.lardbucket.org/books/management-principles-v1.1/index.html

When vision, mission, or values contradict strategy, several negative consequences can emerge. Firstly, it can lead to confusion among employees about the direction of the organization. This can result in decreased motivation and productivity as employees may not understand or agree with the actions they are being asked to take. Secondly, it can lead to a lack of trust in leadership. If employees see that actions are not aligning with stated values, they may question the integrity of their leaders. Lastly, it can result in poor decision-making as the strategy may not be based on the core principles of the organization. An example of this misalignment can be seen in the case of a company that claims to value sustainability but pursues a strategy of rapid growth without regard for environmental impact. This contradiction can lead to negative public perception and potential loss of business. Leaders can ensure that strategy matches the vision, mission, and values by involving all levels of the organization in strategy development. This can help to ensure that the strategy is grounded in the organization's core principles. Additionally, leaders should regularly communicate the strategy and how it aligns with the vision, mission, and values. This can help to ensure understanding and buy-in from employees. Finally, leaders should regularly review and adjust the strategy as needed to ensure it remains aligned with the organization's vision, mission, and values. PLEASE ANSWER IN MORE THAN 300 WORDS

: “…a strategy captures and communicates how vision and mission will be achieved and which goals and objectives show that the organization is on the right path to achieving them” (Carpenter et. al., 2010). What negative consequences can emerge when vision, mission, or values contradict strategy? Name a time when you believe strategy was not aligned with vision, mission, or values. How can leaders ensure that strategy matches the vision, mission, and values? Please answer in 150 to 300 words. Use your own words - please do not copy and paste from a website. Be sure to reference your sources. Remember to post as early as possible, preferably by Sunday evening, in order to allow time for you and your classmates to discuss. Reference Carpenter, M., Bauer, T., & Erdogan, B. (2010). Management principles, v. 1.1. https://2012books.lardbucket.org/books/management-principles-v1.1/index.html

A strategy is the set of decisions that managers make to assist the organization in attaining its goals. Group startsTrue or FalseTrue, unselectedFalse, unselected

A company's strategic vision concernsMultiple Choicewhat future actions the enterprise will likely undertake to outmaneuver rivals and achieve a sustainable competitive advantage.a company's directional path and future product-customer-market-technology focus.why the company does certain things in trying to please its customers.management's storyline of how it intends to make a profit with the chosen strategy "who we are and what we do.""who we are and what we do."