This document discusses various aspects of business strategy including: 1. Translating the strategy into operational terms and making it an ongoing process. 2. Aligning the organization to the strategy and mobilizing change through executive leadership. 3. Using management control systems and strategic management systems to translate visions into plans, budgets, and incentives to communicate and link all parts of the organization. 4. Focusing on turning around declining organizations by implementing new controls quickly, focusing on reasons for decline, and responding quickly and creatively to events.

1. 1Business Strategy Defined

2. 2Business STRATEGY-Defined -

3. 3The Wheels of ChangeMake the StrategyEveryone’sEveryday JobTranslate the Strategy to Operational TermsMake The Strategy A Continual Process

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5. Align the Organization to the Strategy

8. Mobilize Change through Executive Leadership8

9. 9mobilization

10. Three actions must be taken by the leader10

11. Management Control System Strategic Management SystemStrategy& VisionTranslatingThe VisionBudget& ObjectivesReview&Re-orientPersonalIncentivesBudget &ObjectivesCommunicating&LinkingFeedback& LearningPlanning& Capital AllocationBusinessPlanningSingle Player = GM Multiple Players = GM & EXCOM &HOD & R&F11

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15. and success through answering question such as: When designing a strategic thinking organization, you must consider long-term competitive advantage 15

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18. The Turnaround Strategist18The decision making approach focuses on turning around the performance of an organization in decline. To achieve turnaround success, it is important to implement new control systems quickly and to focus on the reasons for decline and reverse them. It is therefore, necessary to forecast and manage uncertainties. This requires intuition, creative insight and the ability to respond to events quickly, effectively and imaginatively.Continuous improvementis always to be valued, but there are times when more dramatic change is needed. Controlling Costsis one way of boosting profits and reducing losses. One of the most important factors in controlling cost is attitude. Create an understanding throughout the organization of the financial facts of business life

19. Reducing Costs & Improving Efficiency19

20. Translating the Strategy Into Desired Outcomes20

21. Translating the Strategy Into Desired Outcomes21

22. four-prong approach to succeeding with ourStrategy22

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24. Revenue Growth Strategy24

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26. Strategic Outcomes26

27. Strategy is a Hypothesis27

28. Strategy Consists of Various Themes28

29. The Value Proposition29

30. 30Value ChainCustomerManagementProcessesRegulatoryProcessesOperationalProcessesInnovationProcessesSupplyManagementCost Reduction/Quality ControlOperation EfficiencyHealthSafety Environment SocialInventionProduct DevelopmentSpeed To MarketJoint PartnershipsSolutionDevelopment Customer ServiceRelationship ManagementAchieve Operational ExcellenceBe a GoodCorporateCitizenIncreaseCustomer ValueBuild theBusiness

31. 31The Learning and Growth PerspectiveStrategic CompetenciesStrategic TechnologiesClimate for ActionSkillsKnowledgeSharingInfrastructureAlignmentAwarenessApplicationsMotivationReadinessBestPracticeSharingUnderstandingOf StrategyGoalsAlignedWithStrategyKey PositionEmployeesMoraleSuggestionProgramEmpowermentStrategicSkills

32. Knowledge Management Strategy32Reduce Cost

33. Improve Quality

34. Use “Know-How” from Top-Performing units to others

35. Don’t Reinvent the Wheel

36. Reduce Time to Market