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MNO2607 Assignment 1, 2 and 3 Semester 2 2024 | Due 22 July 2024 $5.84   Add to cart

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MNO2607 Assignment 1, 2 and 3 Semester 2 2024 | Due 22 July 2024

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MNO2607 Assignment 1, 2 And 3 Semester 2 2024 | Due 22 July 2024. All Questions Answered With References. Assignment 1: 1. Discuss The Guiding Principles That Could Assist In CEO’s, Directors And Managers Who Have A Different Organisational Strategy In Mind. (10) 2. Explain The Purpose Of De...

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  • July 22, 2024
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 Assignment 1 - 22 July 2024

1. Discuss the guiding principles that could assist in CEO’s, directors and managers who have a
different organisational strategy in mind.

Guiding principles are essential for CEOs, directors, and managers, especially when they have
different organizational strategies in mind. These principles help ensure a coherent approach to
achieving the organization's goals, even when diverse strategies are proposed.

Firstly, having a clear sense of purpose is fundamental. Leaders need to articulate the organization's
mission and vision effectively. This sense of purpose provides a framework within which different
strategies can be evaluated and aligned. It allows all stakeholders to understand the overarching goals
and how various strategies can contribute to these goals. This clarity helps in preventing conflicts
that may arise due to differing strategic approaches . Another critical principle is fostering open and
regular communication. Transparent communication channels enable the sharing of ideas and
facilitate constructive discussions about different strategies. It helps in identifying common ground
and areas where strategies might overlap or conflict. By keeping lines of communication open,
leaders can ensure that all voices are heard and that there is a collective understanding of the
organization's direction. This inclusiveness can lead to more innovative and effective strategic
solutions .

Active leadership and leading by example are also pivotal. Leaders should demonstrate commitment
to the organization's goals and values through their actions. By doing so, they can inspire and
motivate employees to embrace different strategies that align with the organization's objectives.
Active leadership also involves being adaptable and open to change, which is crucial in a dynamic
business environment where strategies may need to evolve.

A structured approach to decision-making is essential. This involves establishing a framework for
evaluating and implementing different strategies. A structured approach ensures that all strategies are
assessed based on their potential impact on the organization. It helps in prioritizing strategies that
align best with the organization's goals and in creating a roadmap for their implementation. This
methodical approach minimizes the risks associated with conflicting strategies and enhances
strategic coherence.

Encouraging a culture of collaboration is another guiding principle. When CEOs, directors, and
managers work together collaboratively, it fosters a sense of unity and shared purpose. Collaborative
efforts lead to better decision-making as they bring diverse perspectives and expertise to the table.
This principle also involves building strong teams that can work together effectively to implement
various strategies.

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