MODULE 4 (NEW) Flashcards
The sum total of the activities and choices required for the execution of a strategic plan
Strategy Implementation
The process by which objectives, strategies and policies are put into action through the development of programs, budgets and procedures.
Strategy Implementation
Is to make a strategy action oriented.
Program
Develop yo identify and improve a poorly performing process.
Program
Brynjolfsson, Renshaw, and Van Alstyne proposed a ____________ to help managers decide how quickly change should proceed, in what order changes should take place, whether to start at a new site, and whether the proposed systems are stable and coherent.
Matrix of Change
Typically detail the various activities that must be carried out to complete a corporation’s programs
Standard Operating Procedures
The matrix of change can be used to address the following types of questions:
Feasibility
Sequence of execution
Location
Pace and nature of change
Stakeholder evaluations
changes in corporate strategy lead to changes in organizational structure.16 He
also concluded that organizations follow a pattern of development from one kind of
structural arrangement to another as they expand.
structure follows strategy
primarily about the choice of direction for a firm as a whole and the management of its business or product portfolio.
Corporate strategy
typically fit within the three main categories of stability, growth, and
retrenchment.
Corporate strategies
is typified by the entrepreneur, who founds a company to promote an idea
(a product or a service). The entrepreneur tends to make all the important decisions
personally and is involved in every detail and phase of the organization.
Simple Structure
is the point when the entrepreneur is replaced by a team of managers who
have functional specializations.
Functional Structure
is typified by the corporation’s managing diverse product lines in
numerous industries; it decentralizes the decision-making authority.
Divisional Structure
The use of SBUs may result in a
___________ in which the corporation has grown too large and complex to be managed
through formal programs and rigid systems, and procedures take precedence over
problem-solving.
red tape crisis
how organizations grow, develop, and
eventually decline.
Organizational Life Cycle
is the radical redesign of business processes to achieve major gains in cost, service, or time. It is not in itself a type of structure, but it is an effective
program to implement a turnaround strategy.
Reengineering
who popularized the concept of reengineering?
Michael Hammer,
an analytical method for achieving near-perfect results on a production line.
Six Sigma
refers to the study of individual tasks in an attempt to make them more relevant to the company and to the employee(s).
Job design
combining tasks to give a worker more of
the same type of duties to perform
job enlargement
moving workers through several jobs to increase variety
job rotation
altering the jobs by giving the worker more autonomy and control over activities
job enrichment
What are the new job design techniques?
job enlargement
job rotation
job enrichment
focuses on improving the
competitive position of a company’s or business unit’s products or services within the
specific industry or market segment that the company or business unit serves.
business strategy
the approach a functional area takes to achieve corporate and business unit objectives and strategies by maximizing resource productivity.
Functional Strategy
