Baldrige Award: Strategy Development, Implementation and Performance Improvement

Running head: BALDRIGE AWARD
BALDRIGE AWARD
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BALDRIGE AWARD
Strategy Development
The Malcolm Baldrige Award is recognized as the highest level of national prominence
and recognition for supreme level of performance which can be attained by the organizations in
the US. This renowned recognition system has initially been established by the Congress in order
to recognize the US companies for their accomplishments in quality, excellence and business
performance and further to elevate the level of knowledge and awareness related to the
importance of quality as well as performance excellence in gaining a competitive edge (National
Institute of Standards and Technology (NIST), 2015).
(1) Strategic Planning Proce
Baldrige Award Program aids several business enterprises to address a dynamic
environment and further concentrate on strategy-driven performance level, attain customer and
workforce engagement and further enhance the level of governance along with ethics, values,
societal accountabilities as well as long-term organizational sustainability (NIST, 2018). The
Award Program serves as an inclusive management approach which concentrates on the
outcomes catering all areas of organizational, individualistic learning as well as knowledge
transferring.
(2) Innovation
Innovations regarded as a revised concept signifies the comprehensive transition improve
products, procedures as well as organizational development and further create improved value
for new stakeholder base (Beard & Humphrey, 2014). However, this varies from a recognized
conception of innovation which focused significantly on new products made possible by several
technological advancements which incorporates significant product transition as innovations

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where it further entails discontinuous changes in the fundamental processes of any business
enterprise.
(3) Strategy Considerations
This program aims to offer comprehensive and realistic context for the progress of a
consumer and market-centric strategy to aid the enduring decision-making processes, resource
distribution as well as the overall management. Furthermore, the Performance Excellence
Management (PEM) offers a holistic approach to significant organizational management which
further promotes a culture of supremacy, enduring development as well as innovation leading to
competitive advantages (Al-Dhaafri et al., 2013). PEM further establishes a system of approach
in order to serve highly increasing value to customer base as well as stakeholders.
(4) Work Systems and Core Competencies
One of the primary roles of Baldrige Performance Excellence Program is to evaluate the
way any organization effectively functions to work on its planning procedures and for the
detailed information on all essential decisive factors, risks and challenges which might have the
propensity to create challenges to the organizations and its prospective opportunities and
directions by further perceiving as long term ideas (Lasrado, 2018).
b. STRATEGIC OBJECTIVES
(1) Key Strategic Objectives
Malcolm Baldrige Award further emphasizes on the degree of competitive leadership
which is immensely reliant on revenue development and operational value (Lasrado, 2018). It
has been noted that competitive leadership skills necessitate a projection of the prospective

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events which engages not only the market and sectors where the particular organization operates
but also the way it creates a competitive position in the market (National Institute of Standards
and Technology (NIST), 2015). Furthermore,
(2) Strategic Objective Considerations
A vital part of strategic planning in the Baldrige Award Excellence Program is to
analyze the competitive and collaborative work environment which involves the competence to
view the future of the organization along with its competitors (Valmohammadi & Roshanzamir,
2015). However, such anticipations facilitate the companies to recognize and further condense
the rate of competitive threats and decrease the degree of responsiveness and identify avenues of
business opportunities (Evans & Lindsay, 2013). Thus, the Baldrige Award Program aims to
focus on the volume and value of organization along with the potential need for essential
competencies whereby organizations might implement a range of framework, scenarios or other
proficient techniques in order to anticipate the level of competitiveness and collaborative
environment (NIST, 2018).
Strategy Implementation
Action Plan Development and Deployment
(1) Action plans
Several types of evaluation in Baldrige Award Program can be executed in order to
ascertain the accessibility of financial resources which underpin the effectiveness of the leaders’
action plans while the organization make efforts to accomplish the current rate of obligations.
However, for these existing operations, such actions might engage the evaluation of cash flows,