Name: Ashwinkumar Talankar Sub: Strategy Evaluation and Implementation

Roll No.: 37 - PGDIBS - 02

Assignment: Note on Building an Organization Capable of Good Strategy Execution. The principal components of the strategy execution Process 1. Staff the organization with managers and employees capable of executing the strategy well 2. build the organizational capabilities required for successful strategy execution 3. Create a strategy supportive organization structure 4. Allocate sufficient budgetary and other resources to the strategy execution effort 5. Institute policies and procedures that facilitate strategy execution 6. Adopt best practices and business processes that drive continuous improvement in strategy execution activities 7. Install information and operating systems that enable company personnel to carry out their strategic roles proficiently 8. Tie rewards and incentives directly to the achievement of strategic and financial targets 9. Instill a corporate culture that promotes good strategy execution 10. Exercise the internal leadership needed to propel strategy implementation forward. Building an organization capable of good strategy execution: Building and strengthening core competencies and competitive capabilities: developing proficiencies in performing strategy critical value chain activities and updating them to match changing market conditions and customer expectations. Approaches to Building & Strengthening Capabilities : 1. Developing Capabilities Internally : 2. Acquiring Capabilities through Mergers & acquisitions: 3. Accessing Capabilities through Collaborative Partnership. Organizational Structure: Comprises the formal and informal arrangements of tasks, responsibilities, lines of authority, and reporting relationships by which the firm is administered Simple structure: Consists of central executive who handles all major decisions and