Execution of Strategy Essay

Executives, or corporate-level managers, are in institutionalise of many things governing the success of the company as a whole. Among these are developing a strategical vision and business mission, setting objectives, crafting a strategy, implementing and executing a strategy and evaluating the performance of the strategy.Strategies are curiously important because of the value-creation process that occurs because of it. Sometimes, though, execution of strategies fail and the question here is why? One possible primer coat is that the strategies developed by the executives are in addition broad and do not take into consideration the purlieu of the firm at the operational level, which is the lowest level and the closest to the markets.One possible way to tab this fuss is through a bottom-up approach, wherein the operational-level managers submit their proposed strategies and the corporate-level managers evaluate and approve these, or the top-bottom-top approach, wherein the co rporate-level managers forward their suggested strategies to the operational-level managers, who realise changes accordingly, and evaluate the said changes before approving the strategy. Supple Supply Chain According to the Merriam-Webster Online Dictionary (2007), the enclosure lissom means to be able to easily adapt to rude(a) circumstances.When we say that a communicate chain is supple, we simply mean that a firm is very flexible in monetary value of its ability to synchronize its functions and those of its suppliers to match the flow of service, information and materials with cutomer demand. A firms environment is ever changing, especially in our day and age with the advent of technology which brings about major changes to the flow of communication. A firm that cannot take advantage of these changes is sure to fail.For example, the Daimler-Chrysler Corporation had a major problem with regards to the delay in production when a certain portion of its parts was just a tiny b it too large or too small it would have taken ages for changes to be made. Today, however, using a curriculum called Powerway, which ables the firm to collaborate more easily with their suppliers, the firm can now avoid delays by forseeing the problem and adjusting accordingly before it even occurs (Mayor, 2007). The best strategy a firm can employ to hold a supple supply chain is to take advantage of the advancing technology, as the Daimler-Chrysler Corporation has done.The new programs developed by the IT industries offer a way for firms to know and understand the production and business processes to get for quick response to changes in the firms market (Mayor, 2007). One thing to understand, though, is that one should not confuse a supple supply chain with a reactive supply chain, because a responsive supply chain is a strategy of the firm to counter uncertain demand wherein a supple supply chain is a characteristic of the supply chain.Referencehttp//www.cio.com/article/11930 1/The_Supple_Supply_Chainhttp//www.m-w.com/dictionary/supple