Week 5 Apply
AS noted earlier, today's business leaders are equipped with a "toolbox" to improve strategic decision-making involving change. However, not all initiatives should be sustained, which was referenced in the FedEx case. In distinguishing between "blameworthy" and "praiseworthy" change initiatives, what guidelines are relevant in determining the difference?
"Blameworthy" failures include deliberate or inadvertent deviations from the prescribed practice. Experimental approaches designed to improve performance are considered "praiseworthy", because managers can learn from the failure.
Evidence based Analytical and decision making
XXX
Analytical tools and decision- making framework models are essential in the business leaders toolbox to move an organization forward in refreshing the vision and associated strategies to achieve that vision. In order to sustain the change initiative, what are some actions necessary to prevent initiative decay?
ensure changes are sustainable, and are handed over to the operational environment of the organization. Develop capacity and capability for continuous improvement.
In times of change, strong leadership is essential and cannot be overstated. While the use of metrics may reinforce presentation of a persuasive argument for change to stakeholders, leaders need to project certain qualities and values, which include, but not limited to the following
leaders should be "role models" of the desired changes, focusing on organizational culture and developing a climate for continuous improvement. Leaders must possess the qualities of integrity and credibility in order to communicate change and enlist the support for change among employees. Leaders should empower change teams to take risks, communicate decision making authority clearly, and remove barriers to their progress accordingly.
Sustainability of change is associated with:
New Networking practices Adapting to circumstances to gain increasing benefits for organizational initiatives Reductions in time to market
Redesigning roles, staff selection, and redesign of reward systems is linked to
None of the above
The old adage " nothing is constant but change" implies that organizations are always in a state of flux and business leaders cannot necessarily keep pace with the rate of change. Thus, which of the following statements do you consider the most accurate?
None of the above
"Walking the Talk" is a(N)
Phrase that refers to a leader who encourages volunteer acts of initiatives, celebrates "smaller wins" and "corrections" in progress
Upon review of the effectiveness of a strategic business decision using evidence- based analytics, business leaders may reverse course. Refer to Hightlight, "Unanticipated Consequences at FedEx". What factor(s) led to reversal of the new scheduling system?
The new System contained assumptions that did not consider critical factors such as changes in the time zones, travel time across hemispheres, and pilot flying hours
When using evidence-based analytics in decision making, measurement is an essential tool in gauging progress. However, the leader needs to assess data based on the following consideration(s)
To what is the measurement an accurate representation of the success of the change initiative? What is the relationship between the time of the measurement being reported and the timeframe over which the benefits of the change is expected to be delivered. What are the components of the measurement being monitored e.g. internal and/or external environmental factors and to what extent are they relevant to the organizational change?
Refer to Highlight "Change Metrics". Which of the following statements best describes why the business leaders altered their approach to the organizational crisis
Upon assessment of the competitive environment using evidence- based analytics, Continental's leaders recognized that the organization's emphasis was misplaced, and changed its strategic objectives.