Examen
Strategic Implementation and Control IIIB(MNG3702 Exam pack 2023)
- Cours
- Établissement
Strategic Implementation and Control IIIB(MNG3702 Exam pack 2023) Questions and 100% accurate answers contained in the exam.
[Montrer plus]
Vendeur
S'abonner
gabrielmusyoka940
Avis reçus
Aperçu du contenu
MNG3702 EXAMPACK 2023
QUESTIONS AND
ANSWERS
For queries contact
Email:gabrielmusyoka940@gmail.com
, LESSON 1
INTRODUCTION TO STRATEGY IMPLEMENTATION
AND CONTROL
Define the term strategic management
Strategic management is the process for planning, implementing and controlling strategy
for the organisation.
The purpose of strategic management is to ensure that the organisation applies four key
elements, namely:
1. A clear and consistent long-term strategic direction in terms of what the organization
wants to achieve in future
2. A profound understanding of the external environment to ensure that the
organisation is able to align itself with opportunities and to deal with threats as
effectively as possible
3. An objective knowledge of the key resources, capabilities and weaknesses that the
organisation possesses as well as their value to allow the organisation to build on
these and develop a distinct competitive advantage
4. A proper alignment of organisational strategies, structure, systems, culture, and
functional and operational management (collectively referred to as organizational
architecture) to ensure the effective implementation of strategic plans, portfolios,
programmes, projects and initiatives
Demonstrate an understanding of where strategy implementation and control
fits into the strategic management process
Strategic management refers to the process for planning, implementing and controlling the
strategy of the organisation. It therefore consists of three components, namely strategic
planning, strategic implementation and strategic control.
Strategic implementation- its the doing part where both human and non-human
factors in the organisation are applied to ensure that the strategy is executed in line
with the devised plans. It consists of three elements namely change management,
organizational learning and resource allocation
Strategic control- entails control measures ensuring that strategies are on track. It
reviews and provides feedback to the formulation and implementation phases
MNG3702 EXAM CLASS PACK TRYMPH EDUCATION 2022 ©
Page 2
, LESSON 2/CHAPTER 8
STRATEGY IMPLEMENTATION AS CHANGE
MANAGEMENT
Explain the various barriers to successful strategy implementation
Kaplan and Norton (2001) identified the following four main barriers to successful strategy
implementation:
1. The people barrier- Organisational management does not link incentives to strategy
implementation, which is indicated as a people barrier.
1062.
2. The vision barrier- Organisational management does not ensure that its workforce
has a thorough understanding of the strategy that the organisation intends to
implement in order to realise its vision, which is indicated as the vision barrier.
10
3. The management barrier- Executive teams do not spend sufficient time managing
organisational strategy, which is indicated as the management barrier.
4. The resource barrier- Organisations do not link sufficient resources to strategy
execution, which is referred to as the resource barrier.
Explain the principles in overcoming the barriers to strategy implementation
Kaplan and Norton (2001) highlight five principles, which they call the “principles of a
strategy-focused organisation”:
Principle 1: Translate the strategy into operational terms- The first principle refers to the
translation of the corporate strategy into the logical architecture of a strategy map and
balanced scorecard (BSC) to specify the details of the critical elements of the corporate
strategy.
Principle 2: Align the organisation to its corporate strategy- Organisations consist of
various sectors, business units and functional departments, each with its own operations and
often, each with its own strategies.
Principle 3: Make strategy everybody’s job- Senior management and other strategists
cannot implement strategies on their own – they need the actions and ideas from everyone
in the organisation.
Principle 4: Strategy as a continual process- The fourth principle introduces strategic
management as a double-loop process, which integrates the management of tactics with the
management of strategy.
Principle 5: Mobilise leadership for change- Principles 1 to 4, focus on the BSC tool,
framework and the processes that support it. Becoming a truly strategy-focused organisation
requires more than tools and processes. Firstly, it requires ownership and involvement of the
executive team. Secondly, it requires change from virtually every part of the organisation.
MNG3702 EXAM CLASS PACK TRYMPH EDUCATION 2022 ©
Page 3
Les avantages d'acheter des résumés chez Stuvia:
Qualité garantie par les avis des clients
Les clients de Stuvia ont évalués plus de 700 000 résumés. C'est comme ça que vous savez que vous achetez les meilleurs documents.
L’achat facile et rapide
Vous pouvez payer rapidement avec iDeal, carte de crédit ou Stuvia-crédit pour les résumés. Il n'y a pas d'adhésion nécessaire.
Focus sur l’essentiel
Vos camarades écrivent eux-mêmes les notes d’étude, c’est pourquoi les documents sont toujours fiables et à jour. Cela garantit que vous arrivez rapidement au coeur du matériel.
Foire aux questions
Qu'est-ce que j'obtiens en achetant ce document ?
Vous obtenez un PDF, disponible immédiatement après votre achat. Le document acheté est accessible à tout moment, n'importe où et indéfiniment via votre profil.
Garantie de remboursement : comment ça marche ?
Notre garantie de satisfaction garantit que vous trouverez toujours un document d'étude qui vous convient. Vous remplissez un formulaire et notre équipe du service client s'occupe du reste.
Auprès de qui est-ce que j'achète ce résumé ?
Stuvia est une place de marché. Alors, vous n'achetez donc pas ce document chez nous, mais auprès du vendeur gabrielmusyoka940. Stuvia facilite les paiements au vendeur.
Est-ce que j'aurai un abonnement?
Non, vous n'achetez ce résumé que pour 2,46 €. Vous n'êtes lié à rien après votre achat.
Peut-on faire confiance à Stuvia ?
4.6 étoiles sur Google & Trustpilot (+1000 avis)
67474 résumés ont été vendus ces 30 derniers jours
Fondée en 2010, la référence pour acheter des résumés depuis déjà 14 ans