10.3a Strategic Implementation Flashcards
Strategy definition
The direction and scope of an organisation over the long term
Strategic implementation definition
The stage when a strategic plan is put into effect in order to achieve objectives
What does strategic implementation involve?
Creating a framework for carrying out the agreed strategy by assigning responsibilities and operational strategies
How can a business respond more effectively to factors affecting implementation changing?
By understanding which factors have the greatest impact
What is important for businesses to take into account when designing a new strategy?
Competitor’s response
Internal factors on implementation of strategy:
- Leadership
- Organisational structure
- Culture
- Communication
- Timing and distinctiveness
To decide which structure facilitates the strategy best the business needs to look at what?
- How employees are grouped
- Lines of authority
- How groups interact with eachother
What structure may be more appropriate when a strategy focuses on a specific product?
Product-based organisational structure
What structure may be more appropriate when a strategy needs a more flexible approach?
Matrix structure
Stages of strategic planning process:
- Set corporate objectives
- SWOT analysis
- Develop and evaluate strategies, select one which fits best
- Plan how strategy is implemented
- Set up processes for monitoring and evaluating strategy
Advantage of a functional structure for implementing a strategy:
Each function can use their expertise to make strategy implementation simpler
Disadvantage of a functional structure for implementing a strategy:
Could mean each department has own culture and own priorities
Disadvantage of a product-based structure:
May be unnecessary duplication of roles e.g. research department for each division
How do regional structures organise their staff?
By geographical location
