Students Will Write 400–800 Words Describing Resources

Students Will Write 400 800 Words Describing Resources They Will Use T

Students will write words describing resources they will use to address the problem they chose for their Strategic Thinking Project. The following heading and sections should be included: Resources. A balanced set of 3-4 resources (each with a heading) that together can help to address the problem. Resource details should include: Resource description, Resource type (human, financial, other, etc.), Resource amount (hours, dollars, etc.), Resource source (budget, new money, donor, etc.), Resource timeline (who will do what by when and what will be spent by when?).

This week's assignment should have: at least one particularly insightful and relevant quotation/citation/reference (QCR) of 6-30 words (no more and no less) from a reputable source. Quotations/citations/references should be properly cited using APA 6th edition writing style requirements. NOTE: You should skillfully integrate your quotation into the content of the paper.

Here are some notes on reputable sources: Great: Drawn from journals and reputable sources like HBR. Good: Materials from well-recognized magazines and papers such as Forbes, Wall Street Journal, TIME, etc. Adequate: From most magazines or websites. Poor: Old or obscure sources. Not acceptable: Crowd-sourced sources such as Wikipedia.

This assignment should be created in a Microsoft Word .doc file and attached to your submission on or before the due date. Make sure to: Follow APA 6th edition formatting. Include the word count at the bottom of the paper. Submit your assignment as an attached Word .doc. No other format (.wps, .pdf, etc.) will be accepted. Complete your assignment on time or you will lose 20% per day.

Paper For Above instruction

In addressing complex organizational challenges through strategic thinking, identifying and detailing appropriate resources is crucial. These resources must be carefully selected to align with the problem and support feasible implementation. This paper discusses a set of four resources that collectively can help to tackle a specific organizational problem, describing each resource's nature, source, scope, and timeline. Additionally, it integrates scholarly insights to emphasize the importance of resource planning in strategic initiatives.

The first resource identified is a dedicated human capital pool consisting of experienced project managers and subject matter experts. This human resource is vital because effective leadership and expertise are fundamental to successfully executing strategic initiatives. The resource entails approximately 150 hours of management and consultancy work, sourced from internal staff allocations within the organization’s existing budget. The timeline involves the project manager leading a team of five specialists over a six-month period, with resource availability starting immediately and continuing through the project timeline.

Second, financial resources are essential for implementing technological upgrades and training. An allocated budget of $50,000 will cover hardware, software, and training sessions. These funds will be sourced from the organization's operational reserve, representing a reallocation within existing financial allocations. The expenditure plan allocates $30,000 for procurement in the first quarter and $20,000 for ongoing training and support in subsequent months. The timeline stipulates that purchasing and initial setup will be completed within three months, with continuous training sessions held over the following three months.

Third, an external partnership with an industry consultant offers specialized insights on best practices. This resource is a consulting service contracted for 40 hours at a rate of $200 per hour, totaling $8,000. The partner will provide strategic advice and implementation support, sourced through a competitive RFP process. The engagement is scheduled to commence in the second month, with deliverables aligned to key project milestones over a four-month period. This ensures external expertise guides critical phases of the project.

Finally, a digital platform subscription serves as a resource for data collection and collaboration. The platform costs $5,000 annually and will be acquired through a new digital innovation budget. The procurement will occur within the first month, with active use beginning immediately. The platform’s capabilities will facilitate real-time data sharing among team members, enabling timely decision-making and continuous engagement throughout the project.

As Peter Drucker stated, “The effective delegation of authority is one of the least practiced secrets of organizational life,” emphasizing the importance of appropriate resource deployment and authority management. This underscores that selecting and managing resources strategically is essential for successful implementation of organizational change (Drucker, 2007). Such insights highlight that aligning resources with project objectives not only ensures operational efficiency but also enhances strategic impact.

References

• Drucker, P. F. (2007). The effective executive: The definitive guide to getting the right things done. HarperBusiness.
• Barney, J. B., & Hesterly, W. S. (2019). Strategic management and competitive advantage: Concepts and cases. Pearson.
• Kaplan, R. S., & Norton, D. P. (2008). The execution premium: Linking strategy to operations for competitive advantage. Harvard Business Press.
• Porter, M. E. (1996). What is strategy? Harvard Business Review, 74(6), 61-78.
• Yukl, G. (2012). Leadership in organizations (8th ed.). Pearson.
• Christensen, C. M., & Raynor, M. E. (2013). The innovator's solution: Creating and sustaining successful growth. Harvard Business Review Press.
• HBR Editors. (2019). The future of work is now. Harvard Business Review, 97(2), 32-43.
• Johnson, G., Scholes, K., & Whittington, R. (2008). Exploring corporate strategy: Text and cases. Pearson Education.
• Schein, E. H. (2010). Organizational culture and leadership (4th ed.). Jossey-Bass.
• Peteraf, M. A., & Barney, J. B. (2003). Unraveling the resource-based tangle. Managerial and Decision Economics, 24(4), 309-323.