Ch11MBA - Strategy Implementation What must we do to put...

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1 Strategy Implementation What must we do to put the strategy in place, execute it proficiently, and produce good results? Creating FITS between strategy and external environment and creating FITS inside the organization Control, coordination, and motivation issues
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2 Building a Capable Organizatio n Allocating Resources Establishing Strategy- Supportive Policies Instituting Best Practices for Continuous Improvement Installing Support Systems Tying Rewards to Achievement of Key Strategic Targets Exercising Strategic Leadership Shaping Corporate Culture to Fit Strategy Strategy Implementer’ s Action Agenda Figure 11.1: The Eight Components of the Strategy Execution Process
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3 Chapter 11: Organizational Structure (OS) and Controls Overview: Define OS and controls and differences between strategic and financial controls Describe the functional structures for business- level strategies Three versions of multi-divisional (M-form) structure for different diversification strategies OS for implementating three international strategies Strategic networks and implementation of center firm
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4 Organizational structure and controls provide framework within which strategies are used Different structures and controls are required to effectively implement different strategies Must match structure and controls to strategy and strategy implementation Fit between strategy and structure affects above average returns and performance Better fit = Better performance
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5 Organizational Structure Specifies the firm’s formal reporting relationships, procedures, controls, authority, and decision-making processes In other words, specifies work to be done and how to do it Effective use of firm’s strategies facilitated when structure is properly aligned Structure should allow for both Structural stability : Capacity firm requires to consistently and predictably manage its daily work routines Structural flexibility : Opportunity to explore competitive advantages firm will need to be successful in the future Structure is a critical component of effective strategy implementation
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6 Some structural characteristics defined Specialization Concerned with the type and number of jobs required to complete work Centralization Degree to which decision-making authority is retained at higher managerial levels Formalization Degree to which formal rules and procedures govern work Other structural characteristics Authority, Responsibility, Degree of Integration, how Coordination is achieved, Reporting relationships
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This note was uploaded on 07/31/2011 for the course MAN 6782 taught by Professor Marlin during the Spring '11 term at University of South Florida.

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Ch11MBA - Strategy Implementation What must we do to put...

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