Strategy implementation


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Strategy implementation

  1. 1. Strategy Implementation<br />
  2. 2. What is strategy implementation?<br />Strategy implementation as the act of turning strategies, plans or ideas into actions that are tangible, so that certain goals can be achieved.<br />It includes allocating resources, organising, assessing appropriate authority to the key managers, setting policies & developing procedures <br />Management issues:-<br />Annual objectives<br />Policies<br />Resource allocation<br />Restructuring & re-engeneering<br />Rewards & recognition<br />
  3. 3. Annual Objectives<br />Annual objectives are serve as guidelines for action, directing & channelizing efforts and activities of the organizations<br />Reasons for annual objective settings in strategy implementation:- <br />It allows proper resource allocation<br />They are a primary mechanism for evaluating managers<br />Monitoring progress<br />To establish organizational, divisional and departmental priorities<br />
  4. 4. Policies<br />Policy refers to specific guidelines, methods, procedures, rules, forms, & administrative practices established to support and encourage work toward stated goals<br />Policies set boundaries, constraints, and limits on the kinds of administrative actions that can be taken to reward & sanction behaviour <br />
  5. 5. Resource Allocation<br />Resource allocation is a plan for using available resources . It is the process of allocating resources among the various projects or business units.<br />There are four types of resources:-<br />Financial resources<br />Physical resources<br />Human resources<br />Technological resources<br />
  6. 6. Managing Conflict<br />Conflict is a disagreement between two or more parties on one or more issues. <br />It arises whenever there is interdependency of objectives & competition for limited resources<br />Various approaches to manage & resolve conflict:-<br />Avoidance<br />Defusion<br />Confrontation<br />
  7. 7. Matching organizational structure with strategy<br />Reasons for changes in strategy often requires changes in structure:-<br />Structure largely dictates how objectives & policies will be established<br />Structure dictates how human resources will be allocated<br />There are three types of organizational structures:<br />Functional structure<br />Divisional structure<br />Matrix structure<br />
  8. 8. Functional structure<br />It groups tasks and activities by business functions. <br />Advantages:-<br />It is simplest & least expensive<br />Allows rapid decision making<br />It promotes specialization of labour <br />Disadvantages:-<br />Minimizes career development opportunities<br />Low employee morale<br />Line /staff conflicts<br />Poor delegation of authority<br />
  9. 9. Divisional Structure<br />The divisional structure can be organized in four ways:<br />By geographic area<br />By product or service<br />By customer<br />By process<br />
  10. 10. Matrix structure<br />Matrix structure depends upon both vertical & horizontal flows of authority and communication<br />Advantages:<br />Project objectives are clear<br />Employees can clearly see results of their work<br />Facilitates uses of special equipment/personnel/facilities<br />Disadvantages:<br />Requires excellent vertical & horizontal flows of communication<br />Costly<br />Creates dual lines of budget authority<br />
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