Instructions:
Response 1.) The section on Business Strategy is extremely interesting to me. It is timely since the company I started with two other founders is going through a significant change related to a difference in business strategy. One of the founders is considering dissolving the company. Still, we have obligations to deliver a product and other commitments to employees that the founder hired as part of his strategy to build infrastructure before receiving funds for the project in question. Now that we have received partial funding, the strategy changed to wanting to build up the team to focus on marketing instead of building the product. The first thing that the other partner and I are doing is to assess the damage before we approach the founding in question with a recommendation on how to resolve our differences amicably.
Artaxerxes sent Nehemiah in to rebuild the wall of Jerusalem (Nehemiah 2 | NIV Bible | YouVersion, 2011). The first thing he did was to assess the status of the wall so that he could develop a strategy for rebuilding. Another thing that Nehemiah did was to ask the king for letters to ensure his safe passage and letters to secure the supplies that he would need. This reminded me that in most situations, when developing or changing a business strategy, it is prudent to seek the necessary approvals before beginning the effort. My remaining co-founder and I may need to seek the client’s approval and be transparent about the change in business strategy before approaching the third founder with a recommended strategy for rebuilding the company.
Once Nehemiah started rebuilding the wall, he did so with such a sense of urgency that I am sure he had to ensure all the workers involved bought into his strategy. He pulled a team together from the different families, each building a section of the wall simultaneously. Nehemiah also protected the wall at its weak points while he built it up. Our revised business strategy should also protect the relationships we have built while ensuring the client that we are rebuilding the company correctly, focused on product delivery, and not building out a bloated infrastructure.
References
Nehemiah 2 | NIV Bible | YouVersion. (2011).
https://www.bible.com/bible/111/NEH.2.NIV
Response 2.) In the book IT Implementing World Class IT Strategy, we learned the importance of creating a strategy that breaks down organizational silos (High, 2014). It is essential to align technology with a strategy for competitive advantage. The Harvard Business Review article entitled Six IT Decisions Your IT People Should not Make goes one step further by offering a rubric for the types of decisions that IT departments should not make (Harvard Business Review, 2011):
How much should we spend on IT?
Which business processes should receive our IT dollars?
Which IT capabilities should be firmwide?
How good do our IT services need to be?
What security and privacy risks will we accept?
Who do we blame if an IT initiative fails?
The implementation of ERP and CRM systems also provides IT with an opportunity to understand departmental demands and each department’s internal and external communication needs. This provides IT and the company with a competitive advantage. In the long term, the company has a strategic advantage through improved internal communication and external interaction with customers.
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