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Topic 10 - Strategy Execution (Part 2) (Creating a Strategy Supportive…
Topic 10 - Strategy
Execution (Part 2)
Matrix
Structure
Depend on vertical and horizontal flows of authority and communication
How to Make It
Effective
Need participative planning training
Clear mutual understanding of rules and responsibilities
Excellent internal communication
Mutual trust and confidence
Pros
Clear project objectives
Easy to shut down a project
Results can be seen by employees
Facilitate uses of special equipment, personnel and facilities
Cons
Violate unity of command principle
Create dual lines of budget authority
Create shared and authority
Require mutual trust and understanding
Managing Restructure
to Change
1. Force Change Strategy
Give orders and enforce the orders
2. Educative Change Strategy
Present information to convince people of the need to change
3. Self - Interest Change Strategy
Attempt to convince individual. The change is for their personal advantage
Balance Work and
Home Life
Represent a competitive advantage for the firms that offer benefits such as
Elder care assistance
Flexible scheduling
Job sharing
Pet care
Benefits of Having
Diverse Workforce
People have different opinions that should be considered
Portrays a firm committed to non - discrimination
Help to protect the firm against discrimination lawsuits
Strengthen a firm's social responsibility and ethical position
Monitoring Social
Media
Proponents of companies monitoring employees' social media activities emphasis
Company's reputation in the marketplace can easily be damaged
Social media can be subpoenaed, like email, and can be used as evidence against the company
Creating a Strategy
Supportive Culture
Design physical spaces, facades and buildings
Deliberate role modeling, teaching and coaching by leaders
Explicit reward and status system and promotion criteria
What leaders pay attention to, measure and control
How organisation is designed and structured
Organisational systems and procedures