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Strategy Mapping and the Learning and Growth Perspective

Analysis of strategy mapping and organizational learning perspectives.

Chloe Martinez
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Running Head: STRATEGY MAPPING & THE LEARNING AND GROWTH PERSPECTIVE1Strategy Mapping and the Learning and Growth PerspectiveStudent:Professor:Course title:Date:Discuss the process of strategy mapping in the context of performance management, using theGlacier Inn case study as an example. Explain each of the six steps involved in strategy mapping,and how they help an organization align its strategic objectives with its operations. Focus on theLearning and Growth perspective and describe its role in bridging gaps to ensure successfulstrategy execution.Word Count Requirement:1000-1200 words.

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STRATEGY MAPPING & THE LEARNING AND GROWTH PERSPECTIVE2Strategy Mapping and the Learning and Growth PerspectiveSuccess or failure of every business organization is determined by Performancemanagement.A firm or company may be interested to take advantage of using balance scorecardto determine the performance of the company rather than depending only on the financialoutcome, thenthis will require strategy map to beemployedin order toanalyze and track leadingindicators of economic outcomes.This strategy mapswill help the companytoexplainandcorrespondtheirstrategies brieflyto limit the distance between establishmentof strategy and itssuccessful implementation.MacKay, (2004) stated that strategy mapping which was developedby David Norton and Robert Kaplanis a capable and viable activity that could help in keeping ancompanyat its aggressive top. This paper will explorethe process of strategy mapping and howthis process is related to performance management and establishing value propositions.TheGlacier Inn contextual analysis is utilized.The Glacier Inn hotel in Northern Minnesota was constructed by ice which means thatitsclosing andopening dates were to a great extent managed by nature.Armitage & Scholey,(2006) stated that the procedure ofstrategymapping this scenarioinvolves 6differentsteps: (i)expressing theoverriding objective,(ii) selecting the value recommendation; (iii) choosing thefiscal strategies,(iv)Selectingof the customer strategies,(v)implementingin the course oftheinternal perspective strategies and(vi)schedulingtheknowledgeand growth strategiesFirst step: Expressing ofan overriding objectiveThis first step must make a distinction betweenwhat the organization truly comprehendsas its overridingobjective, and the strategies the company is planning to execute.According toNational Institute of Standards & Technology [NIST],(2012) the overriding objectivemust be
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Business Management

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