Discussion 2: Shared Practice: Velocity, Part 3 - Assignment Example

DISCUSSION 2: SHARED PRACTICE: VELO PART 3 DISCUSSION 2: SHARED PRACTICE: VELO PART 3 Success has been noted to be a shared practice, which is best achieved when all stakeholders put their efforts together in a bid to getting the best for the organization (Corbett, 2006). The reason shared practice has always worked for companies that apply it is that it gives these companies the opportunity to put together the dynamic and diverse qualities and skills from various stakeholders. Once this is done, it can be guaranteed that there will be much effectiveness and efficiency because the delivery of work does not come to rest on only a few people.

It is for this need that Jacob, Bergland and Cox (2010) emphasized on the power of collaboration and the perspective of sharing among stakeholders to reach consensus in the execution and implementation of velocity. Very importantly, where there is collaboration and perspective sharing among stakeholders, management can be guaranteed that all stakeholders will accept the outcome of decisions and so jointly put in efforts to making the decisions workable (Pisano, Rennella & Huckman, 2010). In velocity, the passage, “in less than three weeks, I am going to have to go before him with a plan to reverse the backsliding and get the business out of the dumps” (p. 195) was made.

From this passage, a lot of meaning is given to the concept of collaboration and how stakeholders can work together to ensure that even if there have already been retarded growth, this can be brought back on track. At every point in management of an organization, it is important to have a plan that details out what it is that each stakeholder would do. Without such a plan, it will be difficult to ensure success.While engaging in shared responsibility and collaboration, it is important that each member will act and serve as check and balance.

What this means is that there must be coordinated efforts were the works of one person are checked by the other to ensure that they are on track and fitting into the collective whole. Once this is lacking, there will be collaboration alright but this cannot be done to help in achieving the collective objective of the organization. It is not surprising that on page 217 of Velocity, the statement was made as, “I did a more classic time study of the analysts. I went back through three years of time sheets to try to quantify how they spent their tie and see if there were any patterns”.

We see clearly here that checks and balances are taking place. With such checks and balances, it is possible to understand what is involved in the roles of other stakeholders (Corbett, 2006).There are several roles within the workforce that can generally be considered to be very difficult and hard to achieve. But provided that there will be collaboration among stakeholders, there can be the assurance that all of these difficult challenges can be overcome because they will be worked on in united strength.

It is for this reason that the passage was selected stating that “so our objective for today is to identify why so many unexpected and unwanted things have happened, why so many desirable things have not happened” (p. 195). At every point in time in the organization, it is important to appreciate the fact that solutions do not rest with only a few people but in the collective ideas of all. It is through such way of thinking that the ambition of velocity can be achieved together.ReferenceCorbett, T. (2006). Three-questions accounting.

Strategic Finance, 87(10), 48–55. Retrieved from the Walden Library databases.Jacob, D., Bergland, S., & Cox, J. (2010). Velocity: Combining Lean, Six Sigma, and the theory of constraints to achieve breakthrough performance. New York, NY: Free Press.Pisano, G. P., Rennella, M., & Huckman, R. (2010). Wyeth Pharmaceuticals: Spurring scientific creativity with metrics [Case study]. HBS Case 9-607-008. Boston, MA: Harvard Business School. Retrieved from http://cb.hbsp.harvard.edu/cb/pl/17476859/17477017/0aa912314ac1cc9ad193017f21ba9df4