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    Chapter 3 - Activity Short Essay Question Rivera, Kim Jean V. 20195683 BSA OL22E46 Direction: Discuss or Explain What Is Being Asked. (5pts./each)

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    Jr Villariez
    The document provides responses to three short essay questions: 1. To make money, a business needs a good idea, creativity, planning, hard work, and to run the business better than competitors by overcoming obstacles and making connections to allow growth. 2. To deal with employee engagement, a firm should put employees in the right roles, provide training, assign meaningful work, conduct regular feedback check-ins, and frequently discuss engagement with employees. 3. For a firm to turn a strategy into action, it needs to implement plans efficiently and effectively through key processes consistently. Strategy implementation is how an organization gets things done and its success relies on this capacity.

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    Chapter 3 - Activity Short Essay Question Rivera, Kim Jean V. 20195683 BSA OL22E46 Direction: Discuss or Explain What Is Being Asked. (5pts./each)

    Uploaded by

    Jr Villariez
    31 views2 pages
    The document provides responses to three short essay questions: 1. To make money, a business needs a good idea, creativity, planning, hard work, and to run the business better than competitors by overcoming obstacles and making connections to allow growth. 2. To deal with employee engagement, a firm should put employees in the right roles, provide training, assign meaningful work, conduct regular feedback check-ins, and frequently discuss engagement with employees. 3. For a firm to turn a strategy into action, it needs to implement plans efficiently and effectively through key processes consistently. Strategy implementation is how an organization gets things done and its success relies on this capacity.

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    CAE07-CHAPTER-3-ACTIVITY

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    The document provides responses to three short essay questions: 1. To make money, a business needs a good idea, creativity, planning, hard work, and to run the business better than competitors by overcoming obstacles and making connections to allow growth. 2. To deal with employee engagement, a firm should put employees in the right roles, provide training, assign meaningful work, conduct regular feedback check-ins, and frequently discuss engagement with employees. 3. For a firm to turn a strategy into action, it needs to implement plans efficiently and effectively through key processes consistently. Strategy implementation is how an organization gets things done and its success relies on this capacity.

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    © All Rights Reserved
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    Download as docx, pdf, or txt
    31 views2 pages

    Chapter 3 - Activity Short Essay Question Rivera, Kim Jean V. 20195683 BSA OL22E46 Direction: Discuss or Explain What Is Being Asked. (5pts./each)

    Uploaded by

    Jr Villariez
    The document provides responses to three short essay questions: 1. To make money, a business needs a good idea, creativity, planning, hard work, and to run the business better than competitors by overcoming obstacles and making connections to allow growth. 2. To deal with employee engagement, a firm should put employees in the right roles, provide training, assign meaningful work, conduct regular feedback check-ins, and frequently discuss engagement with employees. 3. For a firm to turn a strategy into action, it needs to implement plans efficiently and effectively through key processes consistently. Strategy implementation is how an organization gets things done and its success relies on this capacity.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
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    of 2

    CHAPTER 3 – ACTIVITY

    SHORT ESSAY QUESTION

    RIVERA, KIM JEAN V.


    20195683
    BSA
    OL22E46

    Direction: Discuss or explain what is being asked. (5pts./each)

    1. How does the firm make money?


     The ultimate goal of any business is to make money, but it can't be
    done overnight. Creating or running a successful business takes
    creativity, planning, and above all, hard work. You'll have to start
    with a good idea and then run your business better than your
    competitors. Along the way, you'll need to overcome obstacles and
    make the right connections to allow your business to grow. With a
    bit of luck and a lot of determination, you can soon be on your way
    to success.

    2. Employee Engagement: How should firm deal with it?


     The steps for improving engagement aren’t complex, they simply
    must be prioritized. Which means engagement must be a core
    function of the manager’s role. All else then falls into place.

    Step 1 – Put Everyone in the Right Role


    Again, get the right people on the bus and make sure they are in
    the right roles. This means that all talent acquisition and retention
    strategies have to be aligned with meeting company goals.

    Step 2 – Give Them the Training


    No manager or leader can expect to build a culture of trust and
    accountability — and much less improve engagement — without
    setting the team up for success. This means providing the proper
    training and development while removing obstacles.

    Step 3 – Task Meaningful Work


    Engaged employees are doing meaningful work and have a clear
    understanding of how they contribute to the company’s mission,
    purpose and strategic objectives. Again, this is why they first have
    to be placed in the right role. I’ve made the mistake of hiring great
    talent just to get them in the door – but didn’t have a clear career
    path or role for them. If you don’t sort those details out quickly, they
    will leave.
    Step 4 – Check in Often
    The days of simply relying on mid-year reviews for providing
    feedback are long gone. Today’s workforce craves regular
    feedback — which of course leads to faster course correction and
    reduces waste. Use both formal and informal check-in
    strategies — and use them every week.

    Step 5 – Frequently Discuss Engagement


    Successful managers are transparent in their approach to
    improving engagement — they talk about it with their teams all the
    time. They hold “state of engagement” meetings and “engage”
    everyone in the discussion — and solutions.

    Again, these principles are not complex, but must be prioritized.


    Companies that get this right will drive greater financial returns,
    surpass their competitors and easily climb to the top of “the best
    places to work” lists.

    3. How should a firm organize to turn the formulated strategy into action?
     Strategy implementation is the process of turning plans into action
    to reach a desired outcome. Essentially, it’s the art of getting stuff
    done. The success of every organization rests on its capacity to
    implement decisions and execute key processes efficiently,
    effectively, and consistently. While developing a strategy is one of the
    first steps to implementing organizational change, the implementation
    itself is vital to a company’s success. Without an efficient implementation
    process, even the best-laid plans may not come to fruition.

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