Unit 10 - Managing Strategic Implementation Flashcards
A mechanistic structure
Is one which there are many rules and procedures and clearly defined roles and levels of hierarchy
Implementation
Mean putting into action. Managers implement a plan when they make it happen
Network analysis
Occurs when a network diagram is used to analyse the activities involved in a project to a given standard
Earliest start time (EST)
is earliest start time that a given activity can begin
Latest finish time (LFT)
Is the latest time a given activity can finish without delaying the project as a whole
Critical path
Shows the activities which have zero float time. These activities determine the fastest a project t can be completed. Any delay in these critical path activities causes a delay to the project as a whole
Programme evaluation and review techniques (PERT)
Involves network analysis of a project using a range of possible estimates for the durations of activities, enabling the business to produce optimistic and pessimistic completion dates
The planned strategy
Is the strategy the managers intend to implement
The emergent strategy
Is the strategy that actually develops over time
Strategic drift
When the strategy of the business no longer matches with the environment in which it operates
The divorce between ownership and control
Occurs when the owners of a business do not control the day to day decisions being made
Corporate governance
Refers to the systems and processes that are in place to monitor and control how a business is run
Contingency planning
Occurs when a business plans for possible but unlikely outcomes
Contingency planning
Occurs when a business plans for possible but unlikely outcomes
