10. strategy implementation Flashcards
What is Strategy in Action?
Strategy in action is concerned with ensuring that strategies are working in practice.
What are the levers of Strategy in Action?
Digital transformation operational excellence functional excellence change management culture and behavior people and leadership engagement and communication goals key performance indicators monitoring organizational structure portfolio management governance models implementation programs steering mechanisms action plans.
What are the businesses and services of Siemens AG?
Digital Industries Smart Infrastructure Mobility Siemens Healthineers Portfolio Companies Siemens Advanta Siemens Financial Services Siemens Real Estate Global Business Services.
What is the DEGREE framework?
The DEGREE framework sets clear priorities for sustainability at Siemens: Decarbonization Ethics Governance Resource efficiency Equity Employability.
What is the role of change management?
Change management needs to address the why how and what of the change.
What is a growth mindset?
A growth mindset is the desire to learn and embrace challenges persisting even in the face of setbacks.
What are the key elements in strategy implementation?
Multiple stakeholder interests hard success factors (organization and governance anchoring in processes transparency and monitoring) and soft success factors (culture people and leadership engagement and communication).
What are the key takeaways for strategy implementation?
Strategy implementation needs to address multiple stakeholder interests. Both hard and soft success factors need to be considered and aligned. Implementing change requires continuous leadership along the ‘why’ ‘what’ and ‘how’ of the change.
