BUS 800 Chapter Notes - Chapter 10: Knitting, Intellectual Capital, Organizational Chart
Document Summary
Executive strategy entails figuring out specific actions and behaviours: needed to get things done and deliver good results. Exact items customized to fit all particulars of company"s situation. Techniques for successfully executing a low cost provider strategy are different from those executing a high end differentiation. New strategy for a struggling company in the midst of a financial crisis different job from that of making minor improvements to strategy executive in a company that is doing well. No definitive managerial recipe for successful strategy execution that cuts across all company situations and all type of strategies or work. To do list constitutes management action agenda o: represent managements judgment about how best to proceed in light of prevailing circumstances. The principal components of the strategy execution process: staff organization with managers and employees capable of executing the strategy well, build organizational capabilities required for successful strategy execution, create strategy supportive organizational structure, allocate sufficient resources strategy execution effort.