MBA 715 – Reflections on Module 5 Concepts

Week 5 is wrapping up, only one week to go!  This week was spent mostly finalizing our team’s business proposal.  It’s a very challenging process, but I believe our team is doing a great job pulling things together.  Here’s the questions from this week’s review…

How does an effective leader ensure that projects or proposals align with the vision, mission, and goals of the organization?

A truly effective leader will be aligned with the vision and goals of the organization to begin with.  In utilizing the Vantage Leadership model, this leader will be passionate about the goals of the organization.  He will instill the same passion into his reports and bring them into alignment.  It is important that the leader constantly review the mission and vision and keep it readily in front of everyone on the team.  This will serve as a reminder to everyone and keep them focused on the vision.

How does an effective leader ensure that projects or proposals conform to the strategic, operational, and tactical plans for the organization?

Again, the most important factor is that the leader keeps these plans current in his own portfolio.  He needs treview each project against the strategic, long-term initiatives of the company and make sure that those ideas/projects brought forward fit into these goals.  If not, then he needs to pass them on.

Why is it important for a leader to be familiar with intellectual property when identifying and acquiring resources? What issues can occur in regards to intellectual property?

Today’s business world, not to mention personal world as well, is extremely litigious.  We live in a society that is ready to impose lawsuits quickly.  Intellectual property is the information a company or person “owns”.  The info could include things such as marketing plans, trade secrets, formulas, or product ideas, to name a few.  A leader needs to be intimately aware of intellectual property.  For example… the leader hires a competitor to his team to help in developing a new product and this person uses marketing plans from his former company.  If the leader was not aware of what’s being done, the organization could develop an entire product line only to have it shut down due to court injunctions.  All the cost of R&D, marketing, and implementation lost… not to mention potential compensatory damages.  A lot of expense to the company, simply because the leader failed to keep tabs on intellectual property.

April 29, 2007 | Filed Under MBA 715 

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