Lesson 8 Flashcards
is the translation of chosen strategy into organizational action so as to
achieve strategic goals and objectives.
Strategy implementation
is also defined as the manner
in which an organization should develop, utilize, and amalgamate organizational structure,
control systems, and culture to follow strategies that lead to competitive advantage and a
better performance.
Strategy implementation
allocates special value developing tasks and roles to the employees
and states how these tasks and roles can be correlated so as maximize efficiency, quality, and
customer satisfaction-the pillars of competitive advantage.
Organizational structure
But, organizational structure is not
sufficient in itself to motivate the employees.
True
An organizational control system is also required.
True
This control system equips managers with
motivational incentives for employees as well as feedback on employees and organizational
performance.
Organizational Control System
refers to the specialized collection of values, attitudes,
norms and beliefs shared by organizational members and groups.
. Organizational culture .
▪ Developing an organization having potential of carrying out strategy successfully.
▪ Disbursement of abundant resources to strategy-essential activities.
▪ Creating strategy-encouraging policies.
▪ Employing best policies and programs for constant improvement.
▪ Linking reward structure to accomplishment of results.
▪ Making use of strategic leadership.
steps in implementing a strategy
Excellently formulated strategies will fail if they are properly implemented.
False
strategy implementation is possible even without stability between
strategy and each organizational dimension such as organizational structure, reward structure,
resource-allocation process, etc.
False
Strategy implementation poses a threat to many managers and employees in an organization.
.
True
are predicted and achieved.
New power relationships
are formed whose values, attitudes, beliefs and concerns may not be known. With the change
in power and status roles, the managers and employees may employ confrontation behaviour.
New groups (formal as well as informal)
includes planning and
decision-making involved in developing
organization’s strategic goals and plans.
Strategy Formulation
is placing the
Forces before the action.
Strategy Formulation