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STRATEGY

15/12/2022

IMPLEMENT
SUBJECT: STRATEGIC MANAGEMENT
LECTURE: NGO THI NHAT TUYET
GROUP 6

GROUP SIX
Members

Tường Vy Tường Vi Mai Thy Bảo Thy

Hoàng Vy Trung Kiên Uyển Nhi Kim Cương


TABLE OF CONTENT
THE ROLE OF STRATEGY

ALLOCATE RESOURCE
IMPLEMENTATION

ORGANIZATIONAL

SET SHORT-TERM GOALS


STRUCTURE

SET PROGRAMS, BUDGETS,


IMPLEMENTATION

PROCEDURES STRATEGY IN CHANGES


STRATEGIC MANAGEMENT | GROUP 6 PART 1 - STRATEGY IMPLEMENTATION | 2022

THE ROLE OF STRATEGY


IMPLEMENTATION
STRATEGIC MANAGEMENT | GROUP 6

THE ROLE OF STRATEGY

IMPLEMENTATION
The concept of strategy implementation
Strategy implementation is often referred to as
the "action phase" of strategic management.
Strategy implementation means motivating
employees and management to translate
planned strategies into concrete actions.

PART 1 - STRATEGY IMPLEMENTATION | 2022


STRATEGIC MANAGEMENT | GROUP 6

THE ROLE OF STRATEGY

IMPLEMENTATION

If a strategy is clearly and correctly built but not


implemented, then that strategy is just a dream.

If the implementation is not effective, it is also


difficult to ensure the success of the business.

PART 1 - STRATEGY IMPLEMENTATION | 2022


STRATEGIC MANAGEMENT | GROUP 6 PART 1 - STRATEGY IMPLEMENTATION | 2022

RELATIONSHIP BETWEEN STRATEGY PLAN

AND STRATEGY IMPLEMENT


STRATEGIC PLANNING
STRATEGY IMPLEMENT Clear, correct Unknown and appropriate
It is possible to be successful

Ineffective Effective
Drive past success while

in the past, but it is difficult

also ensuring future

to guarantee success in the

success.
future.

Often failed in the past but


Leads to failure not only in

can look forward to some


the past but also more likely

success in the future in the future


STRATEGIC MANAGEMENT | GROUP 6

THE DIFFERENCE BETWEEN STRATEGIC

PLANNING AND EXECUTION


STRATEGIC
IMPLEMENT THE

CRITERIA
PLANNING STRATEGY

Resource location Before action In the work

Emphasis effect Financial efficiency Effective effect

Implementation process Knowledge process The course of action

Required skills Analysis and intuition Leadership and Motivation

Number of people

Some people Many people


cooperating

PART 1 - STRATEGY IMPLEMENTATION | 2022


STRATEGIC MANAGEMENT | GROUP 6 PART 2 - STRATEGY IMPLEMENTATION | 2022

SET SHORT-TERM GOALS


STRATEGIC MANAGEMENT | GROUP 6

REVIEW STRATEGIES AND

SET SHORT-TERM GOALS


Before putting the plans into practice, it is necessary
to conduct a review of the results obtained previously.
Purpose: to ensure that those responsible for
implementing the plan accurately grasp the content of
the strategy.

PART 2 - STRATEGY IMPLEMENTATION | 2022


STRATEGIC MANAGEMENT | GROUP 6

REVIEW STRATEGIES AND SET

SHORT-TERM GOALS
Intended strategic
Long-term goals Actual target
goals

Short-term goals Long-term goals


Short-term goals are the basis for Short-term goals contribute to making
resource allocation and a mechanism long-term goals visible.
to evaluate administrators.

PART 2 - STRATEGY IMPLEMENTATION | 2022


STRATEGIC MANAGEMENT | GROUP 6 PART 2 - STRATEGY IMPLEMENTATION | 2022

REVIEW STRATEGIES AND SET SHORT-TERM GOALS


Some notices:
The goals must be supported by the relevant tools and strategies to be implemented.
All analyses, objectives, and tactics must be written with a clear strategy.
As soon as that changes, the strategy must be adjusted.
Some questions that may arise when reviewing strategic objectives are:
Are the goals oriented to the mission and vision?
Do the goals meet the SMART criteria?
Do the goals have an implementation strategy?
STRATEGIC MANAGEMENT | GROUP 6 First mover
Compete to be the firm that produces

TIMING TACTICS and sells a new good or service first.

When a business implements a plan is

covered by timing strategies. Late movers


By waiting until a new technology standard
PART 2 - STRATEGY IMPLEMENTATION | 2022 or market is created, the firms may be able to
recreate other companies' technological
advancements, reduce risks, and capitalize
on the first mover's propensity to overlook
certain market sectors.
STRATEGIC MANAGEMENT | GROUP 6 PART 2 - STRATEGY IMPLEMENTATION | 2022

MARKET LOCATION

TACTICS
The technique is concerned with how a business carries out a plan.

Offensive Tactics

Defensive Tactic

Offensive strategies are usually used in Defensive strategies are typically used to
a market where a well-established protect a company's present market position
competition already operates. from potential attacks by competitors.
Types of offensive tactics Types of defensive tactics
Frontal assault Raise structural barriers
Flanking maneuver Increase expected retaliation
Bypass attack Lower the inducement for attack
Encirclement
Guerilla warfare
STRATEGIC MANAGEMENT | GROUP 6 PART 3 - STRATEGY IMPLEMENTATION | 2022

SET PROGRAMS,

BUDGETS,

PROCEDURES
FOR YOUR BUSINESS'S EFFECTIVE STRATEGY
STRATEGIC MANAGEMENT | GROUP 6 PART 3 - STRATEGY IMPLEMENTATION | 2022

PROGRAMS
A collection of tactics, where
a tactic is an individual action
taken by the organization as
an element of the effort to
accomplish a plan,

The purpose of a program


is to make a strategy
action-oriented
RENOVATION OF

COACHING FOR

FACTORIES
WORKPLACE SAFETY
STRATEGIC MANAGEMENT | GROUP 6

BUDGETS
The last real check a corporation has on

the feasibility of its selected strategy.

KEY STEPS OF THE BUDGETING PROCESS:

CAPITAL

FLOW
BUDGETING ALLOCATION
ANALYSIS

Give managers the key data to make decisions and


implement strategies
Make a feasible budget to cover issues that come up
while implementing the program.
PART 3 - STRATEGY IMPLEMENTATION | 2022
STRATEGIC MANAGEMENT | GROUP 6 PART 3 - STRATEGY IMPLEMENTATION | 2022

NOTICE TO SET EFFECTIVE BUDGETING


02.
01. 03.
When putting plans
Based on its into practice, the The cost consideration
production and trade cost elements can merits evaluation as
characteristics, an
be adjusted to avoid well. The same variable
efficient operating
risk and waste. should be liable for the
structure will be
costs.
created.
STRATEGIC MANAGEMENT | GROUP 6 PART 3 - STRATEGY IMPLEMENTATION | 2022

PROCEDURES
Detail the various activities that must be carried out to complete

a corporation's programs standard operating procedures

SUPPORT EMPLOYEES' ISSUES IN THOSE SECTORS.


Controversy issues

Requesting a raise in pay

Promotional proposal

Remuneration accomplishments

Credit, purchase, and trade


STRATEGIC MANAGEMENT | GROUP 6 PART 4 - STRATEGY IMPLEMENTATION | 2022

ALLOCATE RESOURCE
STRATEGIC MANAGEMENT | GROUP 6 PART 4 - STRATEGY IMPLEMENTATION | 2022

RESOURCE
Infrastructure Equipment Resources include physical resources , human and
financial. Resources are the conditions necessary
for the implementation of strategies, programs and
plans. Resource planning is the identification of the
resources needed for the implementation of
strategies, programs and plans

Machinery Supplier
STRATEGIC MANAGEMENT | GROUP 6 PART 4 - STRATEGY IMPLEMENTATION | 2022

The planning and allocation of resources in an enterprise can be done at two levels :

The corporate level The business level

Resource planning and allocation at the Planning and allocating resources at the
company level to answer the question of how business level to answer the question of how
the business will balance and allocate limited the business will balance and arrang which in
resources among different functions and each of the different functions, departments
units to best support a common goal of the and units in the enterprise to ensure the best
company. execution of the business strategy.

Resource planning can follow a process, starting with identifying


core competencies and key tasks.
STRATEGIC MANAGEMENT | GROUP 6 PART 4 - STRATEGY IMPLEMENTATION | 2022

ISSUES WHEN

ALLOCATING RESOURCES
ALLOCATING RESOURCES
THE FIRST
Identifying the available resources of the enterprise

THE SECOND
The ability to add resources to strategies, programs
and plans; conformity with available resources and
between resources.
STRATEGIC MANAGEMENT | GROUP 6 PART 4 - STRATEGY IMPLEMENTATION | 2022

ISSUES WHEN ALLOCATE RESOURCE

01 03 05
IDENTIFY KEY CORE

VERIFY
RESOURCE

COMPETENCIES

04
ASSUMPTIONS PLANNING
AND TASKS
02
IDENTIFY
FINANCIAL

AND PLAN
PLANNING AND

PRIORITIES BUDGETING
STRATEGIC MANAGEMENT | GROUP 6 PART 5 - STRATEGY IMPLEMENTATION | 2022

ORGANIZATIONAL

STRUCTURE
WHAT IS ORGANIZATIONAL STRUCTURE?
This is a diagram that defines how an organization works. This will be the foundation
of the hierarchy that regulates the levels in the business, the relationship between
positions. This clause is intended to ensure that the activities in the business are
carried out according to the most standard regulations.

STRATEGIC MANAGEMENT | GROUP 6 PART 5 - STRATEGY IMPLEMENTATION | 2022


STRATEGIC MANAGEMENT | GROUP 6 PART 5 - STRATEGY IMPLEMENTATION | 2022

FACTORS IN CHOOSING A BUSINESS STRUCTURE

1 Bussiness Taxes 4 Industry type

2 Market disruption 5 Strategy of the organization

3 Number of owner
STRATEGIC MANAGEMENT | GROUP 6 PART 5 - STRATEGY IMPLEMENTATION | 2022

1. FUNCTIONAL STRUCTURE
A functional structure is an organisational structure where senior management divides a larger company

into smaller homogenous groups or departments.

Advantages:
Employees are well organized and grouped
according to tasks and functions
Employees focus on specific work or mission
Disadvantages:
Lacks teamwork, communication and discussion
Lacks creativity and it limits the employees'
ability to develop and improve
2. DIVISIONAL STRUCTURE
A company that uses this method structures its leadership team based on the products, projects, or

subsidiaries they operate.

PART 5 - STRATEGY IMPLEMENTATION | 2022


STRATEGIC MANAGEMENT | GROUP 6
STRATEGIC MANAGEMENT | GROUP 6 PART 5 - STRATEGY IMPLEMENTATION | 2022

2. DIVISIONAL STRUCTURE

Advantages:
Helps large companies stay flexible
Allows for a quicker response to industry changes or customer needs
Promotes independence, autonomy, and a customized approach

Disadvantages:
Can easily lead to duplicate resources
Can mean muddled or insufficient communication between the headquarters and its divisions
Can result in a company competing with itself
STRATEGIC MANAGEMENT | GROUP 6 PART 5 - STRATEGY IMPLEMENTATION | 2022

3. MATRIX STRUCTURE
This structure matrixes employees across different superiors, divisions, or departments.

Advantages:
Sharing knowledge between the employees across
different functional divisions.
Attaining strong communicational skills &
understanding of roles.
Broadening employees' skills & knowledge, thus
increasing professional company growth.
Disadvantages:
Creating confusion and conflict between supervisors
and bosses about the issue to be reported.
Creating confusion regarding employees' job roles if
not clearly defined.
STRATEGIC MANAGEMENT | GROUP 6 PART 5 - STRATEGY IMPLEMENTATION | 2022

4. FLAT STRUCTURE:
There are few levels of middle management between leaders and employees, or in certain cases, a
hierarchy and chain of command that gives employees a lot of autonomy.

Advantages:
It allows innovative company-wide
It eliminates red tape that might stall innovation in a functional structure
Disadvantages:
This structure could be confusing and inconvenient if all employees
Makes it more difficult to coordinate the activities and functions of a larger number of subordinates
They put a lot of pressure on subordinates by imposing on them too much of responsibility
STRATEGIC MANAGEMENT | GROUP 6 PART 6 - STRATEGY IMPLEMENTATION | 2022

IMPLEMENTATION

STRATEGY IN CHANGES
STRATEGIC MANAGEMENT | GROUP 6 PART 6 - STRATEGY IMPLEMENTATION | 2022

MAKE CHANGES
The purpose of the change is to improve the quality of operations, product quality to keep
competitive and develop, thereby increasing the overall benefits of the organization.

Set specific and detailed goals Purpose set out


Stick to the actual context


STRATEGIC MANAGEMENT | GROUP 6 PART 6 - STRATEGY IMPLEMENTATION | 2022

4-STEP PROCESS TO MAKE THE CHANGE

ANTICIPATION
REDUCING

OF POSSIBLE
ACTUAL

OPPOSITION OBJECTIONS

REDUCE

RESET THE

POTENTIAL

STATUS QUO
OBJECTIONS
STRATEGIC MANAGEMENT | GROUP 6 PART 6 - STRATEGY IMPLEMENTATION | 2022

FORMS OF OPPOSITION TO THE CHANGE

DIRECT INDIRECT
The direct opposition of employees Negative opposition that management
they will not be satisfied and with the barely recognizes. On the surface, they
change of strategy and oppose 1 still seem to accept the change.
bluntly. Negative opponents will behave in 1
smart way to prevent it or disable it.
STRATEGIC MANAGEMENT | GROUP 6 PART 6 - STRATEGY IMPLEMENTATION | 2022

Facilitate and enable employees to be


more involved in making perspectives
and implementing changes.
REDUCE

POTENTIAL

Explain to employees how it is necessary

OBJECTIONS
and beneficial to do so.
STRATEGIC MANAGEMENT | GROUP 6 PART 6 - STRATEGY IMPLEMENTATION | 2022

LESSEN GENUINE OBJECTIONS


Making sure that management trusts changes
when they are presented as the only solution to a
problem is one way for management to get over
employee resistance. allowing staff members to
participate in problem-solving. The purpose is to
involve the staff in carrying out the changes.
STRATEGIC MANAGEMENT | GROUP 6 PART 6 - STRATEGY IMPLEMENTATION | 2022

LEADERSHIP STYLE
Leadership style greatly influences the actual level
of opposition. When it comes to positively
reducing objections, management uses its
authority to force employees to accept the
decision to change. To put the decision to change
into action, it is best to use a leadership style that
encourages widespread participation. Employees'
voluntary participation is frequently more valuable
than coercive and reluctant compliance.
STRATEGIC MANAGEMENT | GROUP 6 PART 6 - STRATEGY IMPLEMENTATION | 2022

CONFLICT RESOLUTION
Intense conflicts can result from resistance to
change decisions. By combining the degree of
management cooperation and assertiveness,
five different styles can be produced
PART 6 - STRATEGY IMPLEMENTATION | 2022
COMPROMISER COLLABORATOR
STRATEGIC MANAGEMENT | GROUP 6

Our great vision


AVOIDANT

COMPETITOR MEDIATOR
STRATEGIC MANAGEMENT | GROUP 6 PART 6 - STRATEGY IMPLEMENTATION | 2022

SETTING STATUS QUO


Whatever method is used to deal with
resistance to change, management must
eventually reach a consensus or restore
the status quo. If management must force
employees to accept change, its stance
may need to be strengthened.
THANK YOU
MESSAGE US FOR

INQUIRIES OR

COMMENTS.

STRATEGIC MANAGEMENT | GROUP 6 |2022

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