components of strategy implementation: * Strategic decision-making * Organizational evolution and change * Management by Objectives * The role of teams and leaders * Knowledge assets Lecture 1 The Eclectic Roots of Strategy implementation Research Views on strategy implementation: Structural view: * Organizational Structure * Control mechanisms (assessing performance during and after the implementation of the strategy – Role of formal control systems in strategy implementation
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How Strategy Shapes Structure by W. Chan Kim and Renée Mauborgne The Idea in Brief • There are two types of strategy: structuralist strategies that assume that the operating environment is given and reconstructionist strategies that seek to shape the environment. • In choosing which of the two is most appropriate for your organization, you need to consider environmental attractiveness, the capabilities and resources you can call on, and whether your organization has a strategic orientation for
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BA Strategy: The goal of British Airways is to present better-quality service to its customers, stakeholders and employees alike. The workforce of British Airways is a significant positive feature that strives to offer utmost advanced and pleasing service to its consumer. Their mission statement also retells their aim to achieve the status of the best airline universally. British Airways Business Performance since 2008: BA intends to achieve its vision of becoming the world’s leading global
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Global Strategy… In a World of Nations? (summary) Nomin-Erdene Ganbat / 甘諾敏 , A3140418 Companies are looking for a way to globalize by connecting their strategy which fit worlwide. This process is called multinational model or multidomestic strategy, which may be succesful than multidomestic strategy. In order to globalize, companies need to expand their market participation and choose a best way to develop their integrated worldwide strategy. Thus, there are three steps: Develop core business
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Nowadays, supply chain has turned more into a global perspective and transportation is playing a key role in distributing the supply from suppliers to customers while simultaneously creating strategy to lower distribution costs. This is done through freight distribution strategy, which is a great added value, as it helps several regions to perform supply chain at an off-shore level. By implementing responsive and economical transportation strategies, the functions can be performed while reducing
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MANAGEMENT Dr. Batiste 09/17/2014 Strategy can be traced back to 500 BC in the Sun Tzu’s The Art of War. In fact until the 1940s, strategy was primarily used for the military. Leaders in the military have been using strategy to have an attacking strategy, and also with a counter offense for the purpose of defeating the enemy. The word strategy comes from the Greek word strategia and entered the English vocabulary in 1688 as strategie. Today strategy has been formed into five phases. These phases
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Simulations Reflection “Thinking Strategically” – Lessons Learned An effective environmental scan will take into consideration such factors as the national and global economy, changes in technology that could affect production processes or products, legal decisions make by state and federal courts, governmental policies and regulations, national and international political trends, demographic shifts, and changes in social values. Environmental scanning should be done systematically and regularly
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According to David (2003) strategy is defined as a long term plan of action designed to a particular goal. The word strategy was originally used as a military term it was adopted from the Greek word strategia which means generalship. Mintzberg et al (1998) suggests that strategies can be considered as a clear purpose, intent and direction for the organisation, but without the detail worked out. Strategies act as a guideline to aid Managers in making decisions. There is also the assumption that
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Reassessing your company’s manufacturing strategy M ake or buy? The classic manufacturing question still has no easy answer. Amid signs of demand recovery, but with capital still limited and resources thinned by restructuring, top executives today are revisiting the issue. To come to the right make-or-buy decision, leading companies resist the temptation to “feed the beast.” Instead of focusing only on short-term gains, these leaders keep their long-term strategy and corresponding core competencies
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Explaining the concept of business intelligence and its use in business “BI is about turning data into information” (searchbusinessanalytics.techtarget.com/). The author gives an example that “…plotting spatial data onto a map is…[a] BI because it makes the data much more accessible to the user and therefore turns it into information.” (Ibid.). He adds, “BI systems are … very good at sifting through (and/or aggregating) huge volumes of data and turning it into information.” (Ibid.). (Turban 2013
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