Nature of Strategy Implementation and Management Issues

Formulation

Focuses on effectiveness in strategy development.

Implementation

Focuses on efficiency in executing strategies.

Annual Objectives

Guide resource allocation and management evaluation.

Policies

Facilitate problem-solving and guide strategy implementation.

Resources

Four types: financial, physical, human, technological.

Resistance to Change

Can signal apathy; raises anxiety and uncertainty.

Chandler's Strategy-Structure Relationship

New strategies require new organizational structures.

Basic Forms of Structure

Includes functional, divisional, SBU, and matrix structures.

Restructuring

Includes downsizing, rightsizing, and delayering.

Reengineering

Focuses on process management and innovation.

Performance-Pay Plans

Evaluate attention, understanding, and communication improvements.

Natural Environment Strategies

Develop green businesses and minimize waste.

Strategy-Supportive Culture

Builds on cultural aspects that support new strategies.

Production/Operations Concerns

Processes constitute over 70% of total assets.

Production Decisions

Includes plant size, inventory, quality, and cost control.

Human Resource Responsibilities

Assess staffing needs and develop performance incentives.

Diverse Workforce Benefits

Improves culture, morale, and retention rates.

Emerging Markets

Diversity enables entry into new market opportunities.

Client Relations

Diversity enhances relationships with clients.

Creativity Increase

Diverse teams lead to greater innovation.

Interpersonal Conflict Reduction

Diversity can decrease workplace conflicts.