[Solution]Importance of Cravia’s growth strategy

Students should state the importance of Cravia’s growth strategy, students should consider how leaders set direction, execute, and deliver results and how this changes based…

Students
should state the importance of Cravia’s growth strategy, students should
consider how leaders set direction, execute, and deliver results and how this
changes based on what they can leverage and what they must build new. To set
direction, leaders “1) [identify] long-term goals, midterm strategies, and short-term
objectives, 2) [assemble] the resources and [build] the capabilities needed to
execute strategy and achieve the goals and objectives, and 3) [identify] the
metrics and milestones they [will] use to measure their progress.”5 Leaders
then: Execute and deliver
results. These results are compared with the metrics and milestones that were
set before execution; the comparisons enable students to understand leader/manager
and his or her team to develop insights that are used to refine the business
model. These insights uncover two types of gaps: execution gaps occur when the
strategic assumptions and direction are confirmed but there has been a flaw in
execution; strategy gaps occur when the strategic assumptions are flawed. On
the basis of what they are learning, entrepreneurs pivot—either refining the
strategy or refining the capabilities and resources

needed
to execute the strategy
The post Importance of Cravia’s growth strategy

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