This document discusses structural implementation and strategic control in organizations. It defines structural implementation as how tasks and subtasks are arranged to implement strategy. It then describes two main types of organizational structure: vertical and horizontal. Vertical structure focuses on specialization, hierarchy, and efficiency while horizontal structure emphasizes integration, flexibility, and learning. The document also notes that structure should follow strategy for economic efficiency. It outlines several common organizational structures like functional, divisional, strategic business unit, and matrix structures. Finally, it defines strategic control as managing strategic plan formation and execution, and describes different types of strategic control like premise, alert, implementation, and surveillance controls.
This presentation covers one of the process of Strategic Management; Strategic Implementation. There are 2 sub divisions; Functional Implementation and Structural Implementation. This section deals with Structural Implementation in detail.
This presentation covers one of the process of Strategic Management; Strategic Implementation. There are 2 sub divisions; Functional Implementation and Structural Implementation. This section deals with Structural Implementation in detail.
Strategic formulation in Strategic managementYamini Kahaliya
This presentation is on Strategy formulation(of subject strategic management) and it covers following points :-
Define strategy formulation
Need of strategy formulation
Steps of strategy formulation
Problems in strategy formulation
Levels of strategy
Introduction to Management Control Systems, Basic Concepts, Boundaries of man...SachinLad27
Introduction to Management Control Systems, Basic Concepts, Boundaries of management Control – How different from Strategy Formulation, Goal Congruence & informal factors that affect it, The Formal Control System , Functions of the Controller
Strategic formulation in Strategic managementYamini Kahaliya
This presentation is on Strategy formulation(of subject strategic management) and it covers following points :-
Define strategy formulation
Need of strategy formulation
Steps of strategy formulation
Problems in strategy formulation
Levels of strategy
Introduction to Management Control Systems, Basic Concepts, Boundaries of man...SachinLad27
Introduction to Management Control Systems, Basic Concepts, Boundaries of management Control – How different from Strategy Formulation, Goal Congruence & informal factors that affect it, The Formal Control System , Functions of the Controller
Unit 5 CSM: Strategic Evaluation and ComtrolDayanand Huded
The chapter comprises of Overview of Strategic Evaluation; Strategic Control; Techniques of Strategic Evaluation and Control. Evaluation of Strategic Alternatives - Product Portfolio Models, BCG Matrix, GE Matrix, Gap Analysis; Strategic Control System.
Strategic evaluation and control is the final phase in the process of strategic management. Its basic purpose is to ensure that the strategy is achieving the goals and objectives set for the strategy. It compares performance with the desired results and provides the feedback necessary for management to take corrective action.
According to Fred R. David, strategy evaluation includes three basic activities
(1) examining the underlying bases of a firm’s strategy,
(2) comparing expected results with actual results, and
(3) taking corrective action to ensure that performance conforms to plans. Sometime, the best formulated strategies become obsolete (outdated) as a firm’s external and internal environments change.
Strategic control is a type of “steering control”. We have to track the strategy as it is being implemented, detect any problems or changes in the predictions made, and make necessary adjustments. This is especially important because the implementation process itself takes a long time before we can achieve the results.
Strategic control is like an alarm long before the calamity can happen.
Operational control is the process of ensuring that specific tasks are carried out effectively and efficiently. The operational control aims at evaluating the performance of the organization. Most of the control system in organization are operational in nature. Some examples of operational control are : Budgetary control, Quality control, Inventory control, Production Control, Cost control etc.
Portfolio Model is a technique used to analyse organisations in relation to their environments
Portfolio (set, collection, assortment, range, group)
A business Portfolio may be any collection of brands/products, markets, branches /divisions, income generating assets, etc.
PA is usually applied to firms with multiple SBUs (more than one product/services, customer categories, markets , divisions)
Helps managers in taking decisions regarding which SBUs to allocate more or less resources to at a given strategic point in time
After portfolio analysis firm makes an informed strategic choice e.g.
To have a balanced portfolio (minimize risk and maximize return) of all portfolios
To actively deploy a retrenchment strategy
STRATEGY FORMULATION, IMPLEMENTATION, EVALUATION & CONTROL:
Strategy formulation includes planning & decision-making and developing plans to achieve organizational goals & objectives.
It is an entrepreneurial activity based on strategic decision making to reach at vision.
It demands co-ordination of personnel of each and every level of organizational hierarchy.
It requires strong analytical and conceptual skill.
Choice of strategy involves understanding and choosing the best formulated strategy across different strategic alternatives.
Its first step is SWOT analysis.
Management needs to seek to identify & evaluate alternative courses of action to ensure that the business reaches the objectives they have set.
It is a creative process of generating alternatives, building on the strengths of the business & allowing it to tackle new products or markets to improve its competitive position.
STEPS IN STRATEGIC CHOICE
Strategy formulation
Focusing on strategic alternatives
Evaluating strategic alternatives
Considering decision factors
Choice of strategy.
Strategy implementation involves all those means related to executing the strategic plans.
It is mainly a administrative task based on strategic & operational decisions.
It is an operational process which requires co-ordination among all employees.
It requires specific leadership & motivational traits
Evaluation of strategy is as significant as strategy formulation because it throws light on the efficiency & effectiveness of comprehensive plans in achieving the desired results.
The managers can also assess the appropriateness of the current strategy in today’s dynamic world which is influenced by PEST (Political, Economic, Social & Technological )
It is very significant because of various factors such as: developing inputs for new strategic planning, the urge for feedback, appraisal & reward, development of strategic management process, judging the validity of strategic choice etc.
PROCESS/ STEPS OF STRATEGIC EVALUATION
Setting standard performance or expected performance or benchmarking performance.
Measure the actual performance.
Analyzing the variance by comparing standard and actual performance.
Taking corrective action to achieve the target
ORIGINAL WORK ONLY. APA FORMAT WITH ABSTRACT AND REFERENCES. BELOW.docxjohnbbruce72945
ORIGINAL WORK ONLY. APA FORMAT WITH ABSTRACT AND REFERENCES. BELOW IS THE ASSIGNMENT AND READING NOTES
Strategic Audit (Assignment)
The strategic audit system is a diagnostic tool to pinpoint an organization’s strengths and weaknesses. Use the Strategic Analysis Framework and other tools in order to conduct a strategic audit.
You might consider using a SWOT analysis for both companies to analyze each of their situations.
For this assignment, a mini strategic audit will be conducted for two companies with an overall goal to compare how each company differs in the strategy management and implementation, while identifying the importance of strategic management.
•Conduct a Strategic Audit on two companies of your choice that are within the same industry. During this audit, you will be comparing each company, to do so be sure to create a SWOT analysis for each company.
•In addition, visit each company’s website and conduct research to identify key strategies that each company has. List a brief introduction of each company, to include the Mission Statement and compare key aspects of each company.
•Be sure to include the concepts identified in the readings for this week's topics.
The requirements below must be met for your paper to be accepted and graded:
•Write between 850 – 1,250 words (approximately 3 – 5 pages) using Microsoft Word in APA style, see example below.
•Use font size 12 and 1” margins.
•Include cover page and reference page.
•At least 80% of your paper must be original content/writing.
•No more than 20% of your content/information may come from references.
•Use at least three references from outside the course material, one reference must be from EBSCOhost. Text book, lectures, and other materials in the course may be used, but are not counted toward the three reference requirement.
•Cite all reference material (data, dates, graphs, quotes, paraphrased words, values, etc.) in the paper and list on a reference page in APA style.
References must come from sources such as, scholarly journals found in EBSCOhost, CNN, online newspapers such as, The Wall Street Journal, government websites, etc. Sources such as, Wikis, Yahoo Answers, eHow, blogs, etc. are not acceptable for academic writing.
READING
Role of Strategy
The focus of this lecture will be on the concepts of strategic management, the framework for strategy analysis and the link between strategy and the industry environment.
The Concept of Strategy
Key questions to consider:
1.Why are decisions important?
2.What is strategic management?
3.Why has strategic management become so important to today’s corporations?
Strategic Management is described as a set of managerial decisions and actions that determines the long-run performance of a corporation. It includes environmental scanning (both external and internal), strategy formulation (strategic or long-range planning), strategy implementation, and evaluation and control.
Importance of Strategic Managem.
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3. • Arrangement of tasks and sub tasks required to implement a strategy
• Diagrammatic representation could be organizational chart but
administrative mechanism provides flesh and blood to the
organization
STRUCTURE
5. 1. VERTICAL STRUCTURE
• Process of differentiation
• Involves division of labour and specialization
DOMINATES:
• Specialized tasks
• Hierarchy of authority
• Rules and regulations
• Vertical communication
• Centralized decision making
• Emphasis on efficiency
6. 2. HORIZONTAL STRUCTURE
Process of integration among members in an organization, cross
functional systems and teamwork
Dominates:
• Shared tasks
• Flexible rules and regulations
• Horizontal communication
• Decentralization decision making
• Emphasis on learning
8. • Structure follows strategy for economic efficiency
• Strategy determines how the organization structure has to be
formed
• Structure influences present strategy implemented and in
future.
10. 1. Entrepreneurial Structure
• Elementary form of structure
• Organization owned and managed by one person
• Serving single business, product or serve local markets
• Owner looks after all decisions, day to day operations of strategic nature.
11. 2. Functional Structure
• Functional Structure seeks to
distribute decision making and
operational authority towards each.
12. 3. Divisional Structure
• Work is divided on the basis of product lines, types of customers served and
geographical area covered
• Each separate divisions are created and placed under divisional-level
management under which functional structure may still operate.
13. 4. SBU Structure
• Any part of a business organization which is treated separately for strategic
management purpose.
• SBU is created due to difficulty in top management to exercise strategic
control over a division.
14. 5. Matrix Structure
• In large organizations,there will be handling of more than one project.
• It is created by assigning functional specialists to special projects/ new product/
service
• During the duration of project, specialists from different areas form different groups
reporting to a team leader.
• These specialists will be working under their project and in their parent department
simultaneously.
15. • The process used by organizations to control the formation and execution of
strategic plans.
• It is a specialized form of management control, and differs from other forms of
management control in respects of its need to handle uncertainty and ambiguity
at various points in the control process.
Strategic Control
17. 1. Premise Control
• It involves checking of environmental conditions like technology,
demographic changes, inflation rate, recession, interest rates etc.
• Premises are assumptions or predictions.
• Designed to check systematically and continuously whether the premises
on which the strategy is based are still valid.
18. • A special alert control is the rigorous and rapid reassessment of an organization's
strategy because of the occurrence of an immediate, unforeseen event.
• Such an event will trigger an immediate and intense reassessment of the firm's
strategy.
• For e.g. natural disasters, chemical spills, hostile takeovers, plane crashes, product
defects etc.
2. Special Alert Control
19. 3. Implementing Control
• Implementing a strategy that takes place as a series of steps, activities,
investments and acts that occur over a lengthy period.
• Implementation control is the type of strategic control that must be carried
out as events unfold.
20. 4. Strategic Surveillance
• Strategic surveillance is designed to observe a wide range of events within
and outside your organization that are likely to affect the track of your
organization's strategy.
• It's based on the idea that you can uncover important yet unanticipated
information by monitoring multiple information sources.
• Such sources include trade magazines, journals, trade conferences,
conversations and observations.
21. 1. Determine what to control.
2. Set control standards.
3. Measure and compare performance.
4. Determine the reasons for the deviations.
5. Take corrective action.
Strategic Control Process