10 - Managing Strategic Implementation

Question 1

How Do Businesses Implement Strategies Effectively?
(4 Points)

Answer 1

~ Allocation of responsibilities and resources.

~ Manage and coordinate resources.

~ Effective communication and leadership.

~ Is the organisational structure aligned with the strategic plan.

~ The use of network analysis.

Question 2

Describe ‘Effective Communication’ When Implementing Strategies Effectively
(4 Points)

Answer 2

~ Needs to be shared with all stakeholders.

~ Easier to communicate if there is no resistance to change.

~ Help all stakeholders understand their role during the implementation stage.

~ Needs to be effective coordination.

Question 3

Describe ‘Effective Leadership’ When Implementing Strategies Effectively
(4 Points)

Answer 3

~ Clearly defining the strategic direction, policies, procedures and vision.

~ Overcoming resistance to change.

~ Allocation and monitoring resources.

~ Taking corrective action if necessary.

Question 4

Describe ‘Use Of Network Analysis’ When Implementing Strategies Effectively
(2 Points)

Answer 4

~ Project management tool.

~ Awareness of timescales and floats.

~ Prioritise critical activities.

Question 5

What Are The Advantages Of Network Analysis?
(4 Points)

Answer 5

~ Increases efficiency and decreases waste, when aligned with the critical path.

~ Shortens the overall time of the project.

~ Increases productive efficiency.

~ Allows for JIT implementation.

Question 6

What Are The Disadvantages Of Network Analysis?
(3 Points)

Answer 6

~ Costly and time consuming to produce, creating an opportunity cost.

~ Based on estimates.

~ Doesn’t tell managers the costs involved of the project.