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Week 4 Discussion – Setting Priorities
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In your reading
Week 4 Discussion – Setting Priorities
6 Unread replies6 Replies
In your reading this week from The Leader of the Future 2, you examined new perspectives on leadership including setting direction, creating alignment, and building commitment.
Discuss an example of each of these leadership roles and choose one that is critical for your business consulting plan. Explain why.In your Week 3 assignment you used a SWOT analysis to target the top priorities for your chosen company.
How can the SWOT analysis help in identifying the most critical areas for improvement or investment? What areas stand out for your chosen company and why?
Are there any trade-offs between addressing weaknesses and seizing opportunities? How can these be balanced effectively when setting priorities?
Provide a substantive response to one or more of your classmates. Classmate 1 post: Hello Classmates,
Setting Direction- This is making sure that everyone understands the company mission and works together towards achieving that goal. Everyone needs a clear understanding of what the company expects.
Creating Alignment-. Making sure that everyone’s goals align with the company vision, aligning teamwork with the company’s overall strategy, and collaborating assuring that everyone is participating.
Building commitment- Create engaging work and motivate employees to do their best work. Showing employees how their contribution will help the team reach their goal. Ask employees what their thoughts are on different projects.
SWOT shows the overall functions of a company. Being able to assess a company’s strengths and weaknesses allows room to fix an issue or increase sales.
The weaknesses of my company stand out the most because of the decline in sales each year. Competitors are capitalizing on the areas that Bath and Body Works struggle with.
Yes, there can be a trade-off between addressing and seizing opportunities. Bath and Body Works’ weaknesses are customer complaints about customer service, Inadequate communication channels, Lack of empathy, Personalization, inconsistency in returns and exchange policies, and online support. Addressing these areas will require a lot of time, work, and investments in digital marketing and e-commerce capabilities. Which could switch resources from the opportunity for market development.
Classmate post 2:Good afternoon, everyone,
According to the textbook, “Setting direction is the articulation of mission, vision, values, and purpose. . . Building commitment involves the creation of mutual trust and accountability . . . Creating alignment involves finding common ground and areas of interrelated responsibility.” (1) The leadership role that is crucial to my business consulting plan is building commitment. Building commitment would involve engaging franchise owners, employees, and customers in the process of expanding the menu and lowering menu item costs. This could include soliciting feedback from franchise owners on menu changes, providing training for employees on preparing and promoting healthier options, and actively listening to customer preferences to ensure that new menu items meet their needs.
A SWOT analysis stands for strengths, weaknesses, opportunities, and threats to any given organization. The weaknesses and areas for opportunity as well as threats include the lack of healthy menu options as well as the high cost of menu items. These two specific areas of opportunity have been the reason why the more healthy-conscious consumers avoid McDonald’s and prefer Chipotle and Chick-fil-A. Those fast-food restaurants have set a standard of clean eating and have been very successful in following through.
There are most definitely tradeoffs between addressing weaknesses and seizing opportunities in the business decision of offering healthy menu items as well as reconstructing kitchens and ordering menu item prices. The main one is limited resources such as time and money. Making changes to the kitchens would require closing the restaurants for a certain amount of time which would contribute to loss of revenue. Balancing trade-offs involves regularly reassessing priorities as well as monitoring the changes and adjusting strategies accordingly to capitalize on emerging opportunities and address evolving weaknesses effectively. Flexibility and adaptability will also be crucial in decision-making.
Sources
1. Frances Hesselbein. 2006. The Leader of the Future 2: Visions, Strategies, and Practices for the New Era. http://libdatab.strayer.edu/login?url=https://sear…
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