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11 Strategey Implementation
11 Strategey Implementation
11 Strategey Implementation
Business School
Strategic Management Course
STRATEGY IMPLEMENTATION
How do we ensure arrival?
Introduction
A good strategy alone does not
guarantee success.
Proper implementation is
necessary
However, a good strategic plan is
a mandatory start
Need to establish structural &
administrative mechanisms
Strategy Implementation Definitions
A rigorous process of transforming the
plan / strategy into action (from mere
strategic planning to strategic
management)
This transformation involves detailed
planning
And effective communication with
implementers (internal buy-ins),
Plus organizing resources, providing
leadership, and controlling the process
Definitions - Cont.
Putting our grand plan/blue print into
action to ensure that we competitively
get where we want to be (strategic
direction)
qualitative indicators)
Note
Coherent and integrated Work
Plans can then be developed from
this Implementation Plan’s
schedule of
tactics/activities/actionable steps
A good strategic choice with wrong
Strategy Style
Structure
Shared
values
Systems Staff
Skills
Strategy: the plan devised to maintain
and build competitive advantage over
the competition.
Structure: the way the organization is
structured and who reports to whom.
Systems: the daily activities and
procedures that staff members engage
in to get the job done.
Skills: the actual skills and
Shared Values: called "superordinate
goals" when the model was first
developed, these are the core values of
the company that are evidenced in the
corporate culture and the general work
ethic.
Style: the style of leadership adopted.
Staff: the employees and their general
capabilities.
Revision Questions
1. “A good strategy with poor implementation
is like a poor strategy or no strategy at
all,” Discuss
2. Explain the McKinsey’s prerequisites for
effective implementation of strategy
3. Alignment of your strategy to other KSFs
is vital for competitive assurance of
arrival to where you want to be. Discuss
Questions – Cont.
Good strategy formulation