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Exam Revision Class Notes For Block 9 and 10

OBS 330

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9 views

Exam Revision Class Notes For Block 9 and 10

OBS 330

Uploaded by

FeistyFox
Copyright
© © All Rights Reserved
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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Exam Revision: Class Notes for Block 9 and 10

Key Notes on Strategy Execution and Case Studies

General Feedback on Semester Test 2

 Marks Overview: Improvement noted; average score was 57%.

 Common Issues:

 Incorrect excerpts from case studies.

 Misinterpretation of questions; failure to evaluate properly.

 Insufficient theory knowledge led to guessing definitions.

 Lack of correlation in answers; missed key aspects.

Block 9 Learning Objectives

1. Successful Strategy Execution:

 Understand key actions for executing strategy effectively.

2. People Management:

 Importance of hiring, training, and retaining the right talent.

3. Resource Development:

 Continuous upgrading of organizational resources and


capabilities.

4. Organizational Structure:

 Establish a supportive structure for strategy execution.

5. Decision Making:

 Compare centralized vs. decentralized decision-making pros


and cons.

Block 10 Learning Objectives

1. Resource Allocation:

 Align resource allocation with strategic priorities.

2. Policies and Procedures:

 Well-designed policies facilitate effective execution.

3. Process Management:

 Tools for continuous improvement in value chain activities.

4. Role of Information Systems:


 Enable personnel to fulfill strategic roles efficiently.

5. Incentives for Execution:

 Well-designed incentives promote effective strategy


execution.

6. Corporate Culture:

 Core values and ethical standards shape corporate culture.

7. Culture and Strategy:

 Culture supports proficient strategy execution.

8. Changing Corporate Culture:

 Actions management can take to address cultural issues.

9. Managerial Leadership:

 Characteristics of effective leadership in strategy execution.

Importance of Case Studies

 Practical Learning: Helps visualize “strategy in action,”


encouraging critical thinking.

 Content-Based Questions: Questions drawn from case studies


require theoretical application.

Steps for Answering Case Study Questions

1. Read the questions first.

2. Identify relevant theory.

3. Locate theory in study materials.

4. Analyze the case study for applicable examples.

5. Highlight relevant sections.

6. Answer the question fully.

Revision Practice Highlights

 Building Capabilities: Three approaches include internal


development, acquisition, and partnerships.

 Policies for Execution: Ensure consistency and promote a


supportive work climate.

 Shifting Resources: Allocate resources to high-priority initiatives


for strategic success.
 Corporate Culture: Align culture with strategy to enhance
execution effectiveness.

Answering Techniques for Exam Questions

 Define, Explain, Identify: Understand the theory and apply it to


case studies.

 Discuss and Evaluate: Use the HEAD DEAL or PEEL structure for
comprehensive answers.

 Application: Combine theory, evidence, and case study insights for


high-level responses.

Exam Details

 Date: 13 November 2023

 Time: 15:00 - 18:00

 Marks: 80

 Venues: Thuto 1-1, 1-2, and 3-1

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