Semis 1st reporter Flashcards
Involves a series of processes to achieve a particular goal.
IMPLEMENTATION
Refers to activities or processes which ensures that comprehensive plans formulated at the three levels of management are efficiently executed to achieve the goals and objectives of a company.
STRATEGY IMPLEMENTATION
Types of Business Organization:
Sole Proprietorship
Partnership
Corporation
business organization may engage in:
Merchandising
Service
Manufacturing
Elements that influence the ability of a business organization to divide and coordinate its various activities:
Patterns of Relationship
Management Control System
Leadership Style
Reward and Career System
Corporate Governance
exist because of the adopted formal structure, which is reflected in an organizational chart.
Formal relationships
are created because of informal groups existing and operating in a company.
Informal relationships
exists when there are only few or no layers of management between managers and employees
flat structure
a company is divided into small units with specific functions such as marketing, finance, human resources, and production and operations
functional structure
large companies that operate across geographical areas or worldwide adopt a ______________ where their business activities are divided according to market, product, service, or region.
divisional structure
a hybrid of the functional and divisional structures
matrix structure
A tool that collects and uses information to assist management in monitoring and reviewing the activities and performances of different functional units.
MANAGEMENT CONTROL SYSTEM
influences the degree and seriousness of strategic management implementation. Influence the patterns of relationship, control system, and reward and career systems within it.
LEADERSHIP STYLE
The ___________ of a company is a critical factor in the effective implementation of strategic management. motivates employees to perform outstandingly. The system includes compensation, benefits, recognition, and training and development
reward and career system
refers to the relationships among shareholders, the board of directors, and the management in terms of functions, roles, responsibilities, and accountabilities.
Corporate governance
a plan formulated to effectively achieve a company’s mission and objectives through the efficient utilization of resources.
strategy
are internal broad guidelines intended to support the formulation of a strategy in order to achieve organizational goals and objectives
through the proper utilization of resources.
policies
The _____ must be consistent from the corporate level down to the functional level of a company.
VMGO
________ is important in the implementation of a strategy.
Consistency
overall direction of a company. defines what it wants to achieve in the future. Answers the questions, “What does the business want to become?”
vision
describes what a company should do to meet its vision. It defines the purpose of the existence of a company and answers the question, “What is our business now?”
mission
broad results to accomplish. broad statements on how to achieve the vision of a company. They are not time-bound.
goals
specific results to achieve. / are specific end results that a company wants to achieve within a specified time frame.
objectives
- owned by one person
Sole Proprietorship
- owned by two or more partners
Partnership
- organized by at least five, but not more than fifteen persons.
Corporation
is composed of group of individuals working together for the attainment of specific goals and objectives. It must have the ability to divide activities and, at the same time, coordinate them to facilitate the achievement of its goals and objectives.
Organization
can be characterized as good, effective, well- defined, and realistic if efficiently and successfully implemented.
Strategy
facilitates the achievement of company goals and objectives
Strategy implementation
influences the relationship of the people and the offices comprising.
organic structure of a company
existing in a company contributes to the effective implementation of formulated strategies
Positive relationship
is likely contributory factor in the poor implementation strategies
Unfavorable pattern of relationship
The following are various leadership styles that can be employed by a company: give three (3)
- Autocratic
- Laissez-faire
- Democratic
- Bureaucratic
- Transformational
6.Transactional - Situational
The one who implement company’s strategy is usually
composed of:
CEO
COO
President
Vice Presidents
Senior Managers
this statement must be clear, specific, and brief and preferably expressed in one short sentence
vision statement
The statement must be clear and specific. It should include the philosophical values of a company; the treatment of employees, customers, and other stakeholders; and the maintenance of ethical standards.
mission statement
are internal broad guidelines intended to support the formulation of a strategy in order to achieve organizational goals and objectives through the proper utilization of resources.
Policies
to ensure that the organizational structure supports the chosen strategy. It includes aligning, reporting relationships, decision-making processes, communication channels to facilitate the strategy’s execution.
STRUCTURAL ALIGNMENT-
effective to support whatever the strategic objectives of the company, business, or entity. This includes financial resources, human capital, technology, and key assets of the organization.
RESOURCE ALLOCATION-
the blood of the business
financial resources
this is about the effectiveness in leading your organization, in leading your human resources, in leading your people. This is crucial in implementing strategy. In this aspect, we must also cultivate an organizational structure that supports the strategy. This involves instilling values and norms that encourage the behaviors and attitudes consistent with the strategic objective.
LEADERSHIP AND CULTURE-
we must regularly monitor and evaluate the performance against this matrix or the KPI.
performance management
this is very essential to ensure that all employees understand the strategy. For the employees to execute their role properly. Also, as an effective manager towards your people, you must provide training programs to enhance the employee’s skills and capabilities.
COMMUNICATION AND TRAINING
this is very essential to ensure that all employees understand the strategy. For the employees to execute their role properly.
communication
you must provide programs to enhance the employee’s skills and capabilities.
training
this is now establishing or establish control mechanics to monitor deviation from the strategic plans. This includes regular reviews, audits, and feedback. In implementing the strategy control system, you are also helping implement corrective action that is necessary to the strategy you implemented.
STRATEGY CONTROL SYSTEMS
to foster a culture of continuous learning in order also for the human resource or the people of the organization to be encouraged to adopt and evolve based on their experiences and feedback.
ORGANIZATIONAL LEARNING-
identifying and assessing the potential risks that could impact successful implementation of your strategy.
RISK MANAGEMENT-
formulates and implements corporate level strategy
top level management
Are the action words of the vision and mission, respectively.
GOALS AND OBJECTIVES
at the top level management, the backbone of the vision and mission statements is the
corporate level strategy.
