Mng3702 topic 1 Exam Questions and
Answers
1 Comment on the importance of strategy implementation as a component of the
strategic management process.
(5) - Answer-The importance of strategy implementation in strategic management
process is more about creating change that is timely and appropriate. Organizations
could in the past make incremental changes to keep pace, but change is increasingly
revolutionary and disruptive. Organizations have to deal with products being made
obsolete in a very short space of time, and products have shorter life cycles. Moreover
even if they are the leading competitor the disruption may come not from the
competitors in the same industry, but from organizations in other industries that have a
business model that is unexpected.
Overall strategic change that is not managed well will have little value if plans are not
implemented timely. As plans themselves may be obsolete by the time a strategic plan
is implemented.
Discuss five (5) reasons why strategy implementation in an organisation might fail. (5) -
Answer-9/10 organisations fail to implement strategy successfully.
Vision Barrier. Only 5% of the workforce understands the vision and strategy.
Management Barrier. 85% of top management teams spend less than an hour on
strategy.
People Barrier. Only 25% of managers have rewards linked to strategy.
Resource Barrier. 60% of organisations do not link budgets to strategy.
Other reasons why strategy implementation might fail include:
Inadequate resources.
Poorly communicated strategy.
Implementation actions that are not clearly defined.
Unclear accountability for implementation actions and initiatives. Inadequate
performance targets. Inadequate rewards. Poor leadership
Distinguish between strategic planning and strategy implementation. (10) - Answer-
STRATEGIC PLANNING STRATEGY IMPLEMENTATION Takes place at top
management level Responsibility of all managers Requires intuitive and analytical skills
Requires motivational and leadership skills Strategic planning is a market driver activity
Strategy implementation is an operations driver activity Focuses on effectiveness
Focuses on efficiency Strategic planning is a thinking phase Strategy implementation is
a action phase
Explain the different type of strategic change and the issues involved. (10) - Answer-
Strategic change includes all the efforts and actions that are taking place to move an
organisation from its present state toward the desired future state to increase its
competitive position and its profitability. Strategic change is thus the implementation of a
Answers
1 Comment on the importance of strategy implementation as a component of the
strategic management process.
(5) - Answer-The importance of strategy implementation in strategic management
process is more about creating change that is timely and appropriate. Organizations
could in the past make incremental changes to keep pace, but change is increasingly
revolutionary and disruptive. Organizations have to deal with products being made
obsolete in a very short space of time, and products have shorter life cycles. Moreover
even if they are the leading competitor the disruption may come not from the
competitors in the same industry, but from organizations in other industries that have a
business model that is unexpected.
Overall strategic change that is not managed well will have little value if plans are not
implemented timely. As plans themselves may be obsolete by the time a strategic plan
is implemented.
Discuss five (5) reasons why strategy implementation in an organisation might fail. (5) -
Answer-9/10 organisations fail to implement strategy successfully.
Vision Barrier. Only 5% of the workforce understands the vision and strategy.
Management Barrier. 85% of top management teams spend less than an hour on
strategy.
People Barrier. Only 25% of managers have rewards linked to strategy.
Resource Barrier. 60% of organisations do not link budgets to strategy.
Other reasons why strategy implementation might fail include:
Inadequate resources.
Poorly communicated strategy.
Implementation actions that are not clearly defined.
Unclear accountability for implementation actions and initiatives. Inadequate
performance targets. Inadequate rewards. Poor leadership
Distinguish between strategic planning and strategy implementation. (10) - Answer-
STRATEGIC PLANNING STRATEGY IMPLEMENTATION Takes place at top
management level Responsibility of all managers Requires intuitive and analytical skills
Requires motivational and leadership skills Strategic planning is a market driver activity
Strategy implementation is an operations driver activity Focuses on effectiveness
Focuses on efficiency Strategic planning is a thinking phase Strategy implementation is
a action phase
Explain the different type of strategic change and the issues involved. (10) - Answer-
Strategic change includes all the efforts and actions that are taking place to move an
organisation from its present state toward the desired future state to increase its
competitive position and its profitability. Strategic change is thus the implementation of a
