Study Guides (238,408)
Canada (115,131)
Business (44)
BUS 800 (18)
Phil Walsh (10)

BUS 800 Final: tb08

14 Pages
Unlock Document

Ryerson University
BUS 800
Phil Walsh

CHAPTER 8 REALIZING STATEGY CHAPTER LEARNING OBJECTIVES 1. Understand the ways in which strategy formulation and implementation are inextricably linked and be aware of the factors that mediate between planned and realized strategy. While businesses need to set clear objectives and undertake analysis to identify the best ways of achieving those objectives, there is oft en a discrepancy between planned and realized strategy. Planned strategies are interpreted by organizational members through the filters of organizational structures, cultures, and systems and are oft en changed in the process. It is usual to think of structures, cultures, and systems following strategy but these factors can also subtly influence how strategies are framed. 2. Appreciate the key challenge of reconciling specialization with coordination and co operation and have an overview of the mechanisms that managers employ to deal with these tensions. Allowing individuals to specialize greatly enhances the efficiency with which tasks are completed but at the same time creates the challenge of ensuring co operation and coordination. Several mechanisms are available to managers to manage this challenge. Control mechanisms include the hierarchical supervision, shared values, and performance incentives. Coordination mechanisms include rules and directives, routines, and mutual adjustment. 3. Understand the basic principles of organizational design and the types of organizational structure suited to particular tasks and particular business environments. The basic design for complex organizations is hierarchy but companies still need to grapple with the bases on which divisions or business units are established and what the relationships between these different divisions of entities should be. Three main organizational forms have been identifiedfunctional, multidivisional, and matrixeach with different advantages and disadvantages and with a different degree of fit with different business contexts. 4. Comprehend the role of management systems in the coordination and control of corporations. We have explored four primary management systemsinformation systems, strategic planning systems, human resource management systems, and financial planning and control systemsand outlined the ways in which these systems may be used to provide mechanisms of communication, decisionmaking, and control that allow companies to achieve cooperation and coordination. 5. Understand the role that organizational culture plays in achieving coordination and control. We have explored what is meant by organizational culture and the different levels at which it operates. We have seen how in recent years culture has been seen as an important way of controlling and coordinating work activity but we have also recognized that there are significant limits to managers ability to influence culture. Copyright 2015 John Wiley Sons Canada, Ltd. Unauthorized copying, distribution, or transmission of this page is prohibited
More Less

Related notes for BUS 800

Log In


Don't have an account?

Join OneClass

Access over 10 million pages of study
documents for 1.3 million courses.

Sign up

Join to view


By registering, I agree to the Terms and Privacy Policies
Already have an account?
Just a few more details

So we can recommend you notes for your school.

Reset Password

Please enter below the email address you registered with and we will send you a link to reset your password.

Add your courses

Get notes from the top students in your class.