This is the current leardership plan . How can we implement this plan?

A perfect business plan is key to corporate success and staying competitively afloat. This includes effective leadership and proper organizational structure. According to the article, STEM is experiencing decreased sales and increased operating costs due to unprecedented fast growth and improper inventory management, human resources, and sales. However, these problems can be mitigated with a proper innovation plan, and STEM might perhaps get a lasting glimpse of its past glory. 

To build strong leadership, STEM should employ a long-term innovation plan consisting of vision, mission, and core values to strengthen the organizational culture. According to Harvard Business Review, innovation strategy entails more commitment, setting policies and specific goals to be achieved in a certain period rather than money and time investment (Pisano 2015). This is the best innovation plan for STEM because it encompasses scopes such as marketing, operations, finance, and R&D, which are currently pressing STEM performance. However, to turbocharge this innovation plan, Tucker (2017) maintains that leaders should master their imagination muscles and challenge themselves to embrace opportunity mode, develop empathy for customers and think proactively. Similarly, by applying these leadership skills, STEM will build strong leadership.   

Please read the current organizational plan below. How can we implement this plan?

Organizational structure highlights how activities in an organization are directed to accomplish its goals. According to (Kenton 2021), these activities comprise staff roles and responsibilities and a chain of command. To increase the efficacy of its structure, STEM should focus on human resources through ways like clearly defining the roles and responsibilities of all employees, developing benefits and compensation plans for staff, and establishing training programs for its employees. In addition, it should improve its purchasing and inventory through tracking customers, raw materials, supplies, and equipment and implementing software solely dedicated to managing inventory. STEM should increase sales and marketing expenses to bolster its sales by advertising to acquire more customers. With the innovation plan and organizational structure as highlighted, STEM can increase sales, reduce expenses, and increase performance. 

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