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Summary MNG3702 Summarised Study Notes
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, lOMoARcPSD|7257373
MNG3702: Strategic Implementation
Learning unit 1: Introduction to strategy implementation
TRANSLATING LONG-TERM OBJECTIVES INTO ANNUAL OBJECTIVES
FUNCTIONAL STRATEGIES AND TACTICS IN STRATEGY IMPLEMENTATION
Strategy deployment
Aligning organizational units with strategic direction
Corporate, business & functional dimensions all need to be aligned
& support eachother for success
Successful Mobilization: corporate, business & functional dimensions
implementation of are awakened & kept moving until they find their place
strategic iniatives Strategic plan = cup that provides structure
Strategy deployment = act of filling the cup with whatever is
needed Aligning individual behavior with strategic direction
5 tools:
Successful alignment Successful alignment 1. Recruitment process: employ people that support
of individual organisational the companies direction
behaviour with with strategic 2. Training & development: knowledge, skills & attitudes
strategic direction direction of employees match the direction of the business
3. Policies & procedures: changes might need new policies
to replace old ones
4. Cascading objectives: used as a framework for setting
objectives lower down the organization
5. Reward systems: tailored to reward behaviors & achievements and support strategic
direction Strategic initiatives
↘ key projects focused on achieving specific objective or improving performance in order to achieve a
performance target
Enablers of strategy deployment
SD is underpinned by 3 enablers:
Communication of strategy
4 main objectives:
I. Ensure everyone knows what the strategy is & how it will affect them II.
Resolve ambiguity & uncertainty
III. Explain assumptions & judgements that were made during the analysis process & explain decisions made IV.
Ensure coordination
Ability to learn & adapt
Strategic direction is developed, implemented & repeatedly and continuously modified in response to changes
in environment
Success comes from having necessary discipline to change when it’s not working & change the strategy
without abandoning the vision of the business
Experimenting is a key to making adjustments successful
3basic components:
a) Conducting the experiment
b) Studying the success or failure of the experiment
c) Transferring lessons learnt to the business
Allocation of resources
When requesting funds, business must take the following into account:
o Extent to which the proposed resources contribute towards the mission & objectives
o Extent to which they support strategic direction & key initiatives
o Risk associated with the proposal
, lOMoARcPSD|7257373
ORGANISATIONAL CULTURE AND LEADERSHIP IN STRATEGY IMPLEMENTATION
Organizational culture
↘ collection of values & norms shared by people & groups who work
together Culture can be conceived by different layers:
o Values: Beliefs, traits & behavioral norms that management has determined should guide the pursuit of its
vision & mission
o Beliefs: reflect someone’s sense of what ought to be & can typically be discerned in how people talk about
issues
o Behaviors: day-to-day ways the business operates
o Taken-for-granted assumption: when a solution to a problem works repeatedly & gets taken for
granted *pg198* example!
OC serves important functions in an organisation that include serving:
the vision and strategy of the organisation
the means through which to attain strategic
objectives an individual’s role orientation
quality assurance
common language and effective communication
the means for corrective actions and interventions.
Strategic leadership
Leaders of organisations play a critical role in ensuring that their
organisations pre-emptively and successfully adapt to dynamic and
changing environments. Leadership occurs at all levels of an organisation,
but top-level executives are ultimately responsible for the success &
sustainability of the organisation.
Leaders: people able to influence others and who possess managerial
authority. Leadership is about influencing the behaviour of other people.
To be successful, top-level executives need to demonstrate strategic
leadership (think strategically; be emotionally intelligent; have a range of
behaviours at their disposal and have the wisdom to apply the right
combination of behaviours at the right time)
Good strategic leaders have the following characteristics:
Vision, eloquence, consistency
Articulation of the business
model Commitment
Being well informed
Willingness to delegate and
empower Smart use of power
Emotional intelligence
The following six principles allow for better understanding of the skills required to be a strategic leader and how these skills
can be mastered in a way that allows strategic leaders to think strategically and navigate the unknown effectively.
I. Strategic leaders are future orientated and anticipate change
A leader needs to look beyond the present and anticipate change to help them see opportunities before competitors do.
Effective leaders are constantly scanning the environment and are focused on uncovering opportunities inside and
outside the organization. They consider the complex and unpredictable nature of the future and develop broader
networks to gain insights into the perspective of customers, competitors and partners. Leaders know the importance of
formalizing the collection, analysis, interpretation and dissemination of market and business intelligence (learning skills
can be developed to identify and take advantage of opportunities). Active participation and leadership is required to
find out what works and recognize achievements of performers and reward those who come up with innovative ideas
and practices.
AI. Strategic leaders get things done
Strategic leaders implement the best solutions to make a difference, they talk about what they might do and do it.
Actions are based on careful reflection and examination of a problem through many lenses.
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