ADAYA, REYMOND

MKT-MGT 4102

STRATEGIC MANAGEMENT

Seatwork No. 8

Video No. 1

Strategy execution is the final step in strategic management processes. It is the

implementation of a strategic plan to achieve organizational goals. Many businesses
have effective strategies, but they are difficult to put into action. Failure to carry out a
plan may jeopardize a company's survival. Many experts believe that while developing
plans or strategies is simple, putting them into action is difficult. Many businesses with
well-developed strategic plans fail to achieve the goals set forth in the plan due to the
existing gap between strategic planning and implementation. On the other hand,
Managers' primary tools for implementing strategy are visible leadership, defined roles
and accountability, candid communication, and acceptable HR procedures. These tools
help businesses achieve their desired goals and objectives, as well as effectively
execute their strategies.

Video No. 2

When it comes to implementing strategies, leaders are in charge of controlling

the execution process. To execute effectively and accomplish strategic goals, they
employ tools or procedures. There are techniques that can assist leaders in properly
implementing strategy, such as maintaining open lines of communication, teaching the
why, clarifying what it means to each individual, and expressing what isn't changing.
Many experts say that while creating plans or strategies is straightforward, putting them
into action is more complex. Due to the existing gap between strategic planning and
implementation, many firms with well-developed strategic plans fail to fulfill the goals set
forth in the plan. The success of a firm is determined by the leader's decisions to reach
target goals and objectives while also supporting company strategy.
Video No. 3

Top leaders are held accountable for implementation and execution. A leader's
job is to collect information, analyze how operations are going, and make adjustments.
Three management acts that contribute to operational excellence are staying on top of
what's going on, applying constructive pressure to the organization, and taking
corrective steps to improve strategy. Leaders must be adaptive and open to both other
people's and their own opinions and ideas. Organizations must also have a positive
culture, which includes treating employees with decency and respect, encouraging
them, setting clear goals, focusing on progress, and using a range of motivational
approaches. As a result, when the organization commits strategic implementation
mistakes, leaders are held accountable for addressing those acts.

Video No. 4

The first is a hierarchical structure, which is a pyramid-shaped framework that

organizes the interactions between units within an organization from the top down. If
someone at the bottom of the organizational pyramid wishes to make a decision, they
must first send it up the chain of command for approval, after which the decision will be
returned. When there are few products that are sold in big quantities, a hierarchical
structure works well because strict control over the design, quality, production, and
distribution of goods can be maintained. A flat structure, on the other hand, has few to
no tiers of middle management between leadership and employees—or none at all in
some circumstances. Because they have fewer workers and less of a need for
hierarchical management, small businesses and start-ups usually feature flat structures.
Many modern firms choose for flat organizational structures that allow for a
collaborative, interconnected workforce where everyone can contribute.

Video No. 5
 The strategic management process encompasses both the formulation and
implementation of strategies. These two procedures are crucial to a company's
development because they provide a concept as well as a road map for accomplishing
the organization's desired goals and objectives. Various strategies are produced during
strategy formulation, and the best one is picked to meet the organization's goals and
objectives. Strategy implementation, on the other hand, is the process of putting the
strategy into action. To put it another way, strategy formulation entails making plans, but
strategy implementation is putting those ideas into action. Because the two are
separate, the effectiveness of strategy creation does not guarantee the success of
strategy implementation.

Video No. 6

In order to implement a strategy properly, companies must analyze five

interconnected steps before doing so. The first step is to develop a strategic vision. A
vision explains where the company wants to go in the future and why it needs to go in
the right path to succeed. The next step is to set objectives. The stepping stones that
lead to the achievement of a program goal are called objectives. The third stage
comprises formulating a plan. Choosing among numerous strategic alternatives and
actively exploring possibilities to do new things or do current things in new or better
ways are all part of the strategy-making process. Most businesses require a
collaborative team effort with managers from various positions and organizational levels
to develop strategy. High-level CEOs rarely have primary responsibility for strategy.
Finally, there's the step of putting the strategy into action. It comprises analyzing the
organization's strategic strategy and determining how well it has performed in the past.