The document discusses strategy implementation and strategic management. It covers organizational structures like functional, product, matrix, and regional structures that can be used to execute strategic plans. It also discusses frameworks for organizing change management like McKinsey's 7S model and the importance of strategic control, performance management, and leadership during strategy execution. The levels of strategic control and the four competencies of management are outlined. Finally, it discusses strategic change and the role of organizational culture.
The document discusses strategy implementation and strategic management. It covers organizational structures like functional, product, matrix, and regional structures that can be used to execute strategic plans. It also discusses frameworks for organizing change management like McKinsey's 7S model and the importance of strategic control, performance management, and leadership during strategy execution. The levels of strategic control and the four competencies of management are outlined. Finally, it discusses strategic change and the role of organizational culture.
The document discusses strategy implementation and strategic management. It covers organizational structures like functional, product, matrix, and regional structures that can be used to execute strategic plans. It also discusses frameworks for organizing change management like McKinsey's 7S model and the importance of strategic control, performance management, and leadership during strategy execution. The levels of strategic control and the four competencies of management are outlined. Finally, it discusses strategic change and the role of organizational culture.
Strategy implementation is the creation of the appropriate
organizational structure and processes to execute the strategic plan. The organizational structure basic four types • Functional • Product • Matrix • Regional Structure A process is a sequence of related task to deliver
McKinlsey’s framework- is a conceptual framework of
seven interrelated variables for organizing change management, which emphasizes organizational values in addition to strategy, structure and systems. Functional Structure – is the division of labour into specialized operations, such as divisions specializing in buying, manufacturing, marketing, finance etc. Process Organization- A business is a series of activities to attain a business objective
Cross-Functional Structure- Companies like Toyota that
balancing cross-functional priorities through their organizational domain Downsizing- Increasing environmental dynamism and volatility brought on by globalization and the advent of new types of hyper-competition, such as that of internet companies, have made common consolidation and downsize. System and Systems Thinking- Systems are formal structures, written protocols, rules, and pro-certificates that condition routines and standard working methods.
Strategic Control- is the monitoring and review of the
strategic purpose, objectives, and strategic management of an organization; this involves organizing and managing adaptations and changes during the strategy’s on going execution Strategy execution- is the strategy management during day to day management.
Strategic performance management- is a strategically
controlled framework that allows the implementation management of the delivery of its strategic goals by a senior level. THE REVIEW WHEEL A Review Wheel is the interpretation of an organization’s evaluation program can be defined by three factors: long- term purpose, objectives and strategy; short term implementation and execution Strategic Performance Management-is the translation into the day to day long-term goals and strategies. Focus- Senior managers, who are part of a team typically composed of departmental and functional heads, are the primary participants in the cycle focus space. Alignment- the critical few in a company are taken as their strategic objectives to be used in routine local preparation and used in routine local preparation and used at other levels.
Integration- During integration management principles
and market methodologies get into their own. LEVELS OF STRATEGIC CONTROL
Level 1: Belief Systems
Level 2: Diagnostic Control System Level 3: Diagnostic Control System Level 4: Interactive Control System
Strategic Leadership- how top management and other
executive levels guide the company to work for the accomplishment of the organization. Leadership- is a capacity of a person or group of individuals to influence others to attain the organizational’s intent and goals. THE FOUR COMPETENCIES OF MANAGEMENT
• The Management of Attention
• The Management of Meaning • The Management of Trust • The Management of Self
THE LEADRSHIP STYLES
• Transformational Leadership • Transactional Leadership • Charismatic or Visionary Leadership • Quite, participative leadership STRATEGIC CHANGE Organizational culture starts with the leadership given by the founder of an organization. The core principles set in the early days and an organization’s development and growth ultimately imprints a distinctive character that is likely to continue even after the initial founders and managers have left.