10.3a Strategic Implementation Flashcards Preview

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Flashcards in 10.3a Strategic Implementation Deck (14)
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1
Q

Strategy definition

A

The direction and scope of an organisation over the long term

2
Q

Strategic implementation definition

A

The stage when a strategic plan is put into effect in order to achieve objectives

3
Q

What does strategic implementation involve?

A

Creating a framework for carrying out the agreed strategy by assigning responsibilities and operational strategies

4
Q

How can a business respond more effectively to factors affecting implementation changing?

A

By understanding which factors have the greatest impact

5
Q

What is important for businesses to take into account when designing a new strategy?

A

Competitor’s response

6
Q

Internal factors on implementation of strategy:

A
  • Leadership
  • Organisational structure
  • Culture
  • Communication
  • Timing and distinctiveness
7
Q

To decide which structure facilitates the strategy best the business needs to look at what?

A
  • How employees are grouped
  • Lines of authority
  • How groups interact with eachother
8
Q

What structure may be more appropriate when a strategy focuses on a specific product?

A

Product-based organisational structure

9
Q

What structure may be more appropriate when a strategy needs a more flexible approach?

A

Matrix structure

10
Q

Stages of strategic planning process:

A
  1. Set corporate objectives
  2. SWOT analysis
  3. Develop and evaluate strategies, select one which fits best
  4. Plan how strategy is implemented
  5. Set up processes for monitoring and evaluating strategy
11
Q

Advantage of a functional structure for implementing a strategy:

A

Each function can use their expertise to make strategy implementation simpler

12
Q

Disadvantage of a functional structure for implementing a strategy:

A

Could mean each department has own culture and own priorities

13
Q

Disadvantage of a product-based structure:

A

May be unnecessary duplication of roles e.g. research department for each division

14
Q

How do regional structures organise their staff?

A

By geographical location

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