Chapter 10

Who should lead the implementation process and why is leadership so important for effective strategy implementation?

A company's whole management team leads the execution. Success hinges on the skills and cooperation of operating managers who can push for needed changes in their organizational units and consistently deliver good results.

Why is it important to build core competencies and competitive capabilities and why is the building of core competencies/competitive capabilities and important part of strategy implementation?

Cmake sure they fit match or support what you're trying to accomplish as an organization and helps get the strategy in motion within your particular industry.

Identify and describe in some detail the 4 considerations (see Figure 10.3) for developing an organizational structure.

Decide which value chain activities to perform internally and which ones to outsource Align the organizational structure with the strategy Decide how much authority to centralize at the top and how much to delegate to down-the- line managers and employees Facilitate collaboration with external partners and strategic allies An Organizational Structure Matched to the Requirements of Successful Strategy Execution

Who is responsible for strategy implementation?

Everyone within the organization

What is involved with staffing the organization and why is staffing the organization important?

Finding a team who has the skills necessary to implement your strategy and it's important because it will lead to launch a successful strategy

Briefly describe simple, functional, and multidivisional structures

Simple: the easiest of the 5. Might see it within a small firm or single business unit. Overtime if it is successful it may grow into a bigger company from 10 employees to 100 and it may be hard for supervisor to oversee everything so it may get hard. Functional: Multiple people performing different functions as opposed to just one, manager of r&d, manager of engineering etc. or it could also be a process oriented structure such as loading and shipping. Multidivisional: is a decentralized structure consisting of a set of operating divisions organized along market, customer, product, or geographic lines, along with a central headquaters which excersises overall control.

Identify the 8 principle strategy-implementing tasks?

Staff the organization with the right people for executing the strategy Develop the resources and organizational capabilities required for successful strategy execution Establish a strategy-supportive organizational structure Allocate sufficient resources to the strategy execution effort Institute policies and procedures that facilitate strategy execution Adopt best practices and business processes that drive continuous improvement Install information and operating systems that support strategy execution activities Tie rewards and incentives directly to the achievement of strategic and financial targets Bonus 2 Tasks Instill a corporate culture that promotes good strategy execution Exercise strong leadership to propel strategy execution forward

How does strategy implementation differ from strategy formulation?

Strategy Formulation includes planning and decision-making involved in developing organization's strategic goals and plans. Strategy Implementation involves all those means related to executing the strategic plans.

What is strategy implementation/execution, what does it involve, and why is it so important?

Strategy Implementation- executing the crafted strategy efficiently and effectively It helps to ensure that the company is operating correctly throughout its value-chain.

What is organizational structure?

comprises the formal and informal arrangement of tasks, responsibilities, and lines of authority and communication by which the firm is administered How the firm is structured includes: Reporting relationships How coordination is achieved Authority Degree of centralization Degree of integration Formalization

What is meant by matching organization structure to strategy and why is it important?

making sure organization and structure matches or fits what organization is trying to accomplish from a strategy standpoint and choosing your value-chain activities and capabilities within your organization that fit your strategy.