Turning great strategy into great performance, business and finance homework help

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Business Finance

Description

In the article “Turning great strategy into great performance”, the authors suggest that one of the keys to high performance is to create cross-functional teams drawn from different areas. As you create and execute your strategy in the simulation, how have you incorporated this advice? Where do you expect to see this most impact your group’s performance and why? Support your answers examples from your experiences and at least 1 credible, high-quality source of outside research

https://hbr.org/2005/07/turning-great-strategy-int...


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Explanation & Answer

Attached.

Running head: TURNING GREAT PERFORMANCE TO GRAND PERFORMANCE

Turning Great Strategy to Grand Performance
Name
Institution

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TURNING GREAT STRATEGY TO GRAND PERFORMANCE

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Turning Great Strategy to Grand Performance
The article indicates that many companies are only able to achieve about 63% of what
they had planned in their strategy. This may be as a result of the drawbacks and errors that
most managers often commit from the initial stages of planning to execute the plan. The
culture of company's failure to track their performance against future long-term goals,
analyze performance annually, the invisibility of performance bottlenecks, and loss of value
through the transition are major contributing factors to the gap between the expe...


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