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Implementing Strategy PDF

This 3-page document discusses implementing strategies and overcoming challenges. It provides: 1) An overview of strategic management concepts including strategy formulation, implementation, and evaluation. 2) Key actions for implementing strategies such as establishing objectives, devising policies, allocating resources, and managing resistance to change. 3) Common challenges to strategy implementation like time constraints, political interference, and limited resources. 4) Tips for managers to guide change including addressing employee interests, attachments, meaning, future opportunities, and competence through negotiation, team building, communication, career planning, and training.
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0% found this document useful (0 votes)
43 views

Implementing Strategy PDF

This 3-page document discusses implementing strategies and overcoming challenges. It provides: 1) An overview of strategic management concepts including strategy formulation, implementation, and evaluation. 2) Key actions for implementing strategies such as establishing objectives, devising policies, allocating resources, and managing resistance to change. 3) Common challenges to strategy implementation like time constraints, political interference, and limited resources. 4) Tips for managers to guide change including addressing employee interests, attachments, meaning, future opportunities, and competence through negotiation, team building, communication, career planning, and training.
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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IMPLEMENTING STRATEGY

S ECRETS OF
AUSTRALIAN STRATEGY EXECUTION

By
Masni Afiza Mohamed
Senior Principle Assistant Secretary
In-service Training Unit
Training Management DivisionMinistry of Health,
Malaysia
CONTENTS

LEARNING EXPERIENCE
STRATEGIC MANAGEMENT CONCEPTS
STRATEGY IMPLEMENTATION KEY ACTIONS
CHALLENGES
TIPS FOR MANAGERS
Learning Experience
 1) Pre training: 360° assessment - designed to help individuals collect meaningful
feedback from their co-workers
2) Post training: Assessment- Books
3) No Facebook 2) No selfie 3) No spoon feeding 4) Different Thinking approach
- Prefer casual learning
BOOKS
Strategic management concepts
 Art & Science of Formulating, Implementing and Evaluating Cross-Functional decisions enabling an
organization to achieve its objectives

Strategy Formulation Strategy Implementation Strategy Evaluation

• Developing mission • Establish Annual • External and Internal


• SWOT analysis Objectives factors
• Establish long term • Devise Policies • Current Strategies\
objectives • Motivate Employees • Measuring performance
• Generate alternative • Allocate Scarce • Corrective Actions
strategies resources for execution
• Blue Ocean Strategy
(value curve; Raise,
Eliminate, Create,
Reduce)

David, F. (2009) Strategic management concepts. 12th ed. Pearson Education


WHY STRATEGY
IMPLEMENTATION FAILS?
60% of organizations don’t link strategy
to budgeting

75% of organizations don’t link


employee incentives to strategy

86% of business owners and


managers spend less than one
hour per month discussing strategy

95% of a typical workforce doesn’t


understand their organization’s
strategy.
William Bridges, President, Fontes Associates
STRATEGY STRATEGY
FORMULATION IMPLEMENTATION
1) Establish annual objectives
2) Devise policies
Divisiona 3) Allocate resources
l 4) Alter /restructure/reengineering
Manage existing organizational structure
5) Revise reward and incentive
Strategist rs plans
s Function 6) Minimize resistance to change
Function 7) Match managers with strategies
al 8) Develop a supportive culture
al
Manager 9) Adapt production/operations
Manage
s processes
rs 10) Develop an effective HR
function
11) Downsize as needed
12) Link performance and reward
to strategies
IMPLEMENTING STRATEGIES KEY
ACTIONS
- COORDINATES BY

ESTABLISH ANNUAL
OBJECTIVES
STRATEGIST
- SMART TOOLS:
Specific
Measurable
Assignable
Realistic
Time-related
-JUSTIFYING ACTIVITIES TO
STAKEHOLDERS
- ORGANISATIONAL,
DIVISIONAL &
DEPARTMENTAL PRIORITIES
IMPLEMENTING STRATEGIES KEY
ACTIONS
POLICIES =
DEVISE POLICIES

- SPECIFIC GUIDELINES
- METHODS
- PROCEDURES
- RULES
- FORMS
- ADMINISTRATIVE PRACTICES
Why? - DELEGATION OF
DECISION MAKING
- CIRCULATE AND APPLY TO
ALL DIVISIONS/ DEPARTMENTS
IMPLEMENTING STRATEGIES KEY
ACTIONS
- OFTEN BASED ON POLITICAL/

RESOURCE
ALLOCATION
STAKEHOLDERS PRIORITIES
- APPROVED BY ANNUAL
OBJECTIVES
- 4 TYPES OF RESOURCES
i) financial
ii) Physical
iii) Human resources
iv) technological
IMPLEMENTING STRATEGIES KEY
ACTIONS
- MISUNDERSTANDING

MANAGING
CONFLICTS
BETWEEN LINE MANAGERS
1) COMMUNICATES

2) AVOIDANCE

3) DEFUSION - NEITHER
CLEAR WINNER NOR
LOOSER

4) CONFRONTATION
- WORK THROUGH
DIFFERENCES
IMPLEMENTING STRATEGIES KEY
ACTIONS
STRUCTURE DESIGNED TO FACILITATE

MATCHING STRUCTURE
WITH STRATEGY
STRATEGIES
- CENTRALISED/ DECENTRALISED
- INEFECTIVE STRUCTURE
i) Too many levels of management
ii) Too many meetings
iii) Too many unachieved
objectives
Type of org structure:
Functional (Centralised)/Divisional
(Decentralised)
IMPLEMENTING STRATEGIES KEY
ACTIONS
INCONVENIENCE, UNCERTAINTY

TO CHANGE
MANAGING RESISTANCE
- STRATEGIES:
(I) FORCE CHANGE STRATEGIES
(II) EDUCATIVE CHANGE STRATEGY
(III) RATIONAL/SELF INTEREST
CHANGE STRATEGY (MOST
DESIRABLE)
- Dialogue
- Response / feedback

- Allows opinions
- Motivation/incentives
- Change style Indicator Test
CHALLENGES

- Time
- Political Interference
- Limited resources
- Global economic
situation
TIPS FOR MANAGERS
Ways and Means for Altering and Organisation's
Culture
•Recruitment
•Training
•Transfer
•Promotion
•Restructuring
•Role modelling
•Mentoring
•Revising vision and/mission
•Altering reward system- Altering organizational
policies/procedures
Tips for managers
1) Interest based issues -
Negotiation

2) Loss of attachments - Team


building

3) Loss of Meaning - information


based communications campaign

4) Loss of future - career planning


opportunities

5) Loss of competence - training,


acquire new skills
Thank you
Strategy formulation tools

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