Ch13MBA - 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 Organization 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 Figure 11.2: The Three Components of Building a Capable Organization Staffing the Organization A Company with the Competencies and Capabilities Needed for Proficient Strategy Execution Building Core Competencies and Competitive Capabilities Matching the Organization Structure to Strategy
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4 ALLOCATING ALLOCATING RESOURCES TO RESOURCES TO SUPPORT STRATEGY SUPPORT STRATEGY IMPLEMENTATION IMPLEMENTATION
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5 Allocating Resources to Support Strategy Execution Resource allocation should fit strategy Changing strategy requires changes to resource allocation process Shifting resources — downsizing some areas, upsizing others, getting rid of activities no longer needed, and funding new strategically critical activities Financial and other resources (physical and human assets)
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6 CREATING STRATEGY- CREATING STRATEGY- SUPPORTIVE POLICIES AND SUPPORTIVE POLICIES AND PROCEDURES PROCEDURES
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7 Fig. 12.1: How Prescribed Policies and Procedures Facilitate Strategy Execution
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Ch13MBA - Strategy Implementation What must we do to put...

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