Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

When developing metrics to assess if implementation is proceeding effectively managers may be faced with the challenges of first impressions vs. sustained performance, subjectivity vs.

When developing metrics to assess if implementation is proceeding effectively managers may be faced with the challenges of first impressions vs. sustained performance, subjectivity vs. objectivity, and/or uncertainty of what metrics actually accurately reflect implementation effectiveness. Regarding first impressions vs sustained performance, milestones and targets should accompany strategy implementation. The timeline should permit opportunity for implementation to return results and that timeline or expectation should be realistic. Alternatively, the measure of effectiveness should include sustained delivery as opposed to only immediate delivery. Subjectivity should be minimalized. Metrics that can objectively be measured and evaluated more accurately evaluate the effectiveness of implementation vs those that are based on opinion or judgment. As opinions are personal, any measure of effectiveness based on opinion or judgment includes bias and should not be considered as a true evaluation. Also, managers can be faced with the challenge of uncertainty regarding how best to measure effectiveness of implementation. If the strategy is one with a financial objective, cost savings, return on investment or other financial considerations should be evaluated. If the strategy is strategic in objective, metrics should focus around desired performance outcomes

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Hospitality An Introduction

Authors: Robert A Brymer, Misty M Johanson

14th Edition

0757588638, 9780757588631

More Books

Students also viewed these General Management questions

Question

How is the NDAA used to shape defense policies indirectly?

Answered: 1 week ago

Question

3. Tactical/strategic information.

Answered: 1 week ago

Question

3. To retrieve information from memory.

Answered: 1 week ago

Question

2. Value-oriented information and

Answered: 1 week ago