Strategy Formulation and Strategic Thinking Discussion Thread: Effective Execution, Design / Focus, and Decision Traps

• Read: Gamble, Peteraf, & Thompson: Chapter 10
• PageRead: Rumelt: Chapters 9 – 10
• External UrlRead: The Hidden Traps in Decision Making Links to an external site.

https://hbr.org/1998/09/the-hidden-traps-in-decision-making-2

• External UrlRead: The Big Lie of Strategic Planning Links to an external site.

https://hbr.org/2014/01/the-big-lie-of-strategic-planning

• PageWatch: Using WorldCat for Research

Discussion  Instructions   

Discussion Thread: Effective Execution, Design / Focus, and Decision Traps

Once a strategy has been developed, success depends on a solid process for effective execution. It is important to take the power of strategy design and the power of focus into consideration. Finally, good decision making relies on avoiding decision traps that can take the company down the wrong path.

Minimum of 500 words in the body.

Minimum of 2 sources from the literature in addition to course texts.

Use bolded headings below in the discussion.

Current APA format must be used.

Use the following outline:

· Introduction

· Process: Effective Execution of Strategy ‐ What is the process for effectively executing strategy? Discuss the process of effectively executing strategy in no less than 200 words.

· Strategic Thinking: Power of Design vs. Power of Focus ‐ What is the power of strategy design and strategy focus, how do they compare, and why are they important? Discuss and compare the power of strategy design and focus and why they are important in no less than 200 words.

· Decision Model – What Key Decision Traps should be Avoided? Discuss at least two key decision traps to avoid and why in no less than 100 words.

· Conclusion

Support your factual assertions with citations.

Include an Annotated Bibliography, in current APA format, of the 2 additional Sources: 

· Minimum of 250 words in each annotation

· Use the bolded headings below for each annotation

Use the following outline:

· Summary of Key Points

· Evaluation of the Quality of the Publication 

· Evaluation of the Quality of the Author(s) 

· Where this fits into the discussion

Discussion Thread: Effective Execution, Design / Focus, and Decision Traps

Once a strategy has been developed, success depends on a solid process for effective execution. It is important to take the power of strategy design and the power of focus into consideration. Finally, good decision making relies on avoiding decision traps that can take the company down the wrong path.

For your main thread, perform the following:

1. Discuss the process of effectively executing strategy.
2. Discuss the power of strategy design vs. the power of strategy focus.
3. Discuss decision traps to avoid.
4. Develop an Annotated Bibliography for the additional references used in your discussion.
5. Support all of your factual assertions with citations.

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