Topic 10.3 - Managing strategic implementation Flashcards
1
Q
How to implement strategy effectively
A
- fully plan
- identify tasks and activities that need to be completed
- how to carry out tasks
- which employees to assign to tasks
- when tasks need to be completed
2
Q
The value of leadership in strategic implementation
A
- construct a clear vision
- appoint right managers
- guidance and experience can make change successful
- monitoring and reviewing changes and ensuring appropriate action is taken
3
Q
The value of communication in strategic implementation
A
- managers need to make new strategy understood
- don’t know need for change
- reduce employee resistance
- ensure stakeholders understand why change is happening
- between functional areas to make sure everyone has resources available to them
- employee can report and review change and communicate it to managers
4
Q
Functional structure
A
Employees are split into specialised departments
5
Q
Benefits of functional structure
A
- same knowledge and skill work together
- hone skills
- high productivity
6
Q
Drawbacks of functional structure
A
- rivalries
- little scope
7
Q
Advantages of network analysis
A
- identify is resources need to be moved
- allows critical path to be identified
- allows managers to see if tasks can be done at the same time
8
Q
Disadvantages of network analysis
A
- uses forecasts that may be inaccurate
- doesn’t guarantee successful strategic implementation
9
Q
Produce based structure
A
Each division produces a product
10
Q
Benefits of product based structure
A
- all working towards common goal
- specialise in particular product creating focused approach
- flexible
11
Q
Negatives of product based structure
A
- people cant show their whole skill set
- may create rivalries
- duplicated departments increasing costs
12
Q
Regional structure
A
Subdivisions of geographical structure
13
Q
Matrix structure
A
Multi specialised teams
14
Q
Benefits of matrix structure
A
- allows them to adapt and overcome problems
- save money and time
15
Q
Drawbacks of matrix structure
A
- measuring employee performance may be difficult
- slow down decision making
- team roles may not be clearly defined
- managerial roles may not be clearly defined
