Strategy Execution
The stage of strategic management that involves the use of managerial and organizational tools to direct resources toward achieving
... [Show More] strategic outcomes
- Meeting/beating performance targets
- Performing value chain activities well
What are the two best signs of a good strategy execution?
Brainpower
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Staffing
Assemble a strong management team and a cadre of competent employees
Developing
Renew upgrade, and revise resources and capabilities to match chosen strategy
Structuring
Create strategy supporting organization capable of good strategy execution
Dynamic Capabilities
A company's capabilities must be continually refreshed and renewed to remain aligned with changing customer expectations, altered competitive conditions, and new strategic initiatives
Superior Strategy
Execution capabilities are the only source of sustainable competitive advantage when strategies are easy for rivals to copy
Simple Structure
Consists of a central executive who handles all major decisions and oversees all operations with the help of s small staff
Organizational Structure
Refers to formalized patterns of interactions that link tasks and people
Functional Structure
Organized into departments, with departmental managers who report to the CEO and small corporate staff
Multidivisional structure
A decentralized structure consisting of a set of operating divisions along business, product customer group, or geographic lines, and a central corporate headquarters that allocated resources, provides support unctions and monitors divisional activities
Divisional Structure
Major products, projects or product markets are grouped
Matrix Structure
Combines two or more organizational for,s with multiple reporting relationships. It is used to foster cross unit collaboration
Barrier Free Organization
Differences are bridged so as to facilitate sharing and cooperating
Modular Organization
Non-vital functions are outsourced
Virtual Organization
A changing network or companies are linked together for sharing
Put authority in the hands of those persons closest to and most knowledgeable about the situation
What is the ultimate goal of decentralized decision making?
International Structure
Operates much like a multinational corporation, but subsidiaries depend on headquarters more for process and production decisions
Network Structure
The pattern of communication that occurs regularly among each member of the team
Boundaryless Structure
An organization whose design is not defined by, or limited to, the horizontal, vertical, or external boundaries imposed by a predefined structure
Centralized Decision Making
Occurs when key decisions are made by top management
Decentralized Decision Making
Occurs when important decisions are made bStrategy Execution
The stage of strategic management that involves the use of managerial and organizational tools to direct resources toward achieving strategic outcomes
- Meeting/beating performance targets
- Performing value chain activities well
What are the two best signs of a good strategy execution?
Brainpower
Read More
Previous
Play
Next
Rewind 10 seconds
Move forward 10 seconds
Unmute
0:00
/
0:00
Full screen
Staffing
Assemble a strong management team and a cadre of competent employees
Developing
Renew upgrade, and revise resources and capabilities to match chosen strategy
Structuring
Create strategy supporting organization capable of good strategy execution
Dynamic Capabilities
A company's capabilities must be continually refreshed and renewed to remain aligned with changing customer expectations, altered competitive conditions, and new strategic initiatives
Superior Strategy
Execution capabilities are the only source of sustainable competitive advantage when strategies are easy for rivals to copy
Simple Structure
Consists of a central executive who handles all major decisions and oversees all operations with the help of s small staff
Organizational Structure
Refers to formalized patterns of interactions that link tasks and people
Functional Structure
Organized into departments, with departmental managers who report to the CEO and small corporate staff
Multidivisional structure
A decentralized structure consisting of a set of operating divisions along business, product customer group, or geographic lines, and a central corporate headquarters that allocated resources, provides support unctions and monitors divisional activities
Divisional Structure
Major products, projects or product markets are grouped
Matrix Structure
Combines two or more organizational for,s with multiple reporting relationships. It is used to foster cross unit collaboration
Barrier Free Organization
Differences are bridged so as to facilitate sharing and cooperating
Modular Organization
Non-vital functions are outsourced
Virtual Organization
A changing network or companies are linked together for sharing
Put authority in the hands of those persons closest to and most knowledgeable about the situation
What is the ultimate goal of decentralized decision making?
International Structure
Operates much like a multinational corporation, but subsidiaries depend on headquarters more for process and production decisions
Network Structure
The pattern of communication that occurs regularly among each member of the team
Boundaryless Structure
An organization whose design is not defined by, or limited to, the horizontal, vertical, or external boundaries imposed by a predefined structure
Centralized Decision Making
Occurs when key decisions are made by top management
Decentralized Decision Making
Occurs when important decisions are made b [Show Less]