100% tevredenheidsgarantie Direct beschikbaar na je betaling Lees online óf als PDF Geen vaste maandelijkse kosten 4.2 TrustPilot
logo-home
Overig

Mng3702 Exam boost 2022

Beoordeling
5,0
(8)
Verkocht
12
Pagina's
24
Geüpload op
24-01-2021
Geschreven in
2021/2022

MNG3702 SUMMARISED EXAM PREP NOTES

Instelling
Vak










Oeps! We kunnen je document nu niet laden. Probeer het nog eens of neem contact op met support.

Geschreven voor

Instelling
Vak

Documentinformatie

Geüpload op
24 januari 2021
Aantal pagina's
24
Geschreven in
2021/2022
Type
Overig
Persoon
Onbekend

Onderwerpen

Voorbeeld van de inhoud

MNG3702
Exam Prep Notes

,MNG3702 – Exam Prep

Topic 1: Strategy Implementation

1. Explain what Strategy implementation entails (5)
• Strategy implementation can be defined as the process that turns selected
strategy into action to ensure that the stated goals (aligned with the vision and
mission) are accomplished.
• Strategy implementation deals with translating the strategic plan into action.
• It is the phase in which management aligns or matches strategic leadership,
organisational culture, organisational structure, reward systems, policies and
resource allocation with the chosen strategy or strategies.
• It is an essential component of the strategic management process, as it deals
with the strategic change required within an organisation to make the new
strategy work and to achieve the desired results.
• It is the most difficult part of the strategic management process.

2. Differentiate between strategic planning and strategic implementation (8)

Strategic Planning Strategy implementation

1 Is the intellectual or thinking phase The thinking phase in which these
thoughts are operationalized and
turned into action.

2 Is mostly a market driven activity Is an internal, operational driven
with an external focus activity.

3 Requires good intuitive and Requires strong motivation and
analytical skills leadership skills.

4 Well structured, rational and Not so well structured, rational and
controlled controlled.

5 Takes place at top management The responsibility of all levels of
and senior management management and the entire work
force is involved.

6 Focus on effectiveness Focus on efficiency

7 Positioning forces before the action Managing forces during the action

8 Requires co-ordination among a few Requires co-ordination among many
individuals individuals

, 3. Comment on the importance of strategy implementation as a component of the
strategic management process (5)
• Strategy implementation is an essential part (the most important part) of strategic
management process.
• Is the process that turns strategic plans into a series of actions tasks and ensures
that these tasks are executed in such a way that the objectives of the strategic
plan are achieved?
• It entails the communication, interpretation, adoption and enactment of strategic
plans.
• It is the phase in which management aligns strategic leadership, organisational
culture, organisational structures, reward systems, policies and resource
allocation with the chosen strategy.
• It involves taking management form thinking to actually doing.
• It is also an important source of competitive advantage.


4. Discuss the problems organisations experience when attempting to implement
their chosen strategy (8) / Discuss 5 reasons why strategy implementation fails
(5)
• There is no alignment between the organisational structure and the strategy.
• The information and communication systems are inadequate to report on the
progress with strategy implementation.
• The coordination of implementation efforts was not sufficiently effective.
• The leadership and direction provided by top and middle managers was
inadequate.
• Goals were not sufficiently defined and not well understood by employees.
• The formulators of the strategy were not involved in implementation or left before
the implementation was complete.
• Key changes in the responsibilities of employees were not clearly defined.


5. Discuss the barriers to successful strategic implementation (5)

• Vision Barrier
• Failure to communicate the vision and strategy may confuse the work
force.
• If lower levels of management and the work force do not know or
understand the organisations vision and strategy, they won’t understand
their role in the implementation process.
• Management Barrier
• Too often executives are focused on solving short term problems and not
enough time is spent on strategic management.
• Some executives that were promoted from the functional areas and tent to
remain involved in functional issues.
• Resource Barrier
• Resource allocation plans or budgets are not linked to the chosen
strategies.
• Resources are not allocated in support of the strategy.
• People Barrier
• About 75% of managers do not have rewards and incentives inked to
strategies.
• Key responsibilities of employees are not clearly defined.
€5,19
Krijg toegang tot het volledige document:
Gekocht door 12 studenten

100% tevredenheidsgarantie
Direct beschikbaar na je betaling
Lees online óf als PDF
Geen vaste maandelijkse kosten

Beoordelingen van geverifieerde kopers

7 van 8 beoordelingen worden weergegeven
4 jaar geleden

4 jaar geleden

4 jaar geleden

4 jaar geleden

4 jaar geleden

4 jaar geleden

4 jaar geleden

5,0

8 beoordelingen

5
8
4
0
3
0
2
0
1
0
Betrouwbare reviews op Stuvia

Alle beoordelingen zijn geschreven door echte Stuvia-gebruikers na geverifieerde aankopen.

Maak kennis met de verkoper

Seller avatar
De reputatie van een verkoper is gebaseerd op het aantal documenten dat iemand tegen betaling verkocht heeft en de beoordelingen die voor die items ontvangen zijn. Er zijn drie niveau’s te onderscheiden: brons, zilver en goud. Hoe beter de reputatie, hoe meer de kwaliteit van zijn of haar werk te vertrouwen is.
StudyBuddyUnisa University of South Africa (Unisa)
Volgen Je moet ingelogd zijn om studenten of vakken te kunnen volgen
Verkocht
304
Lid sinds
5 jaar
Aantal volgers
177
Documenten
64
Laatst verkocht
5 maanden geleden
Study Buddy

4,8

114 beoordelingen

5
101
4
8
3
4
2
0
1
1

Recent door jou bekeken

Waarom studenten kiezen voor Stuvia

Gemaakt door medestudenten, geverifieerd door reviews

Kwaliteit die je kunt vertrouwen: geschreven door studenten die slaagden en beoordeeld door anderen die dit document gebruikten.

Niet tevreden? Kies een ander document

Geen zorgen! Je kunt voor hetzelfde geld direct een ander document kiezen dat beter past bij wat je zoekt.

Betaal zoals je wilt, start meteen met leren

Geen abonnement, geen verplichtingen. Betaal zoals je gewend bent via Bancontact, iDeal of creditcard en download je PDF-document meteen.

Student with book image

“Gekocht, gedownload en geslaagd. Zo eenvoudig kan het zijn.”

Alisha Student

Veelgestelde vragen