Key Considerations for Successful Strategy Implementation: Cultural, Structural, and Leadership Factors
Discussion on cultural, structural, and leadership factors in strategy execution.
Chloe Martinez
Contributor
5.0
57
5 months ago
Preview (2 of 5 Pages)
100%
Purchase to unlock
Page 1
Loading page image...
Key Considerations for Successful Strategy Implementation: Cultural,Structural, and Leadership FactorsQuestion-Describecultural,structural,leadershipconsiderationsthatmustbeincorporated into strategy implementation.Answer-Business strategies are the courses of action adopted by a firm for each of itsbusinesses separately to serve indentified customer groups and provide value to the customer bya satisfaction of their needs. In the process, the firm uses its competencies to gain, sustain andenhance its strategic advantage.Culturalconsiderations–“Organizational(orcorporate)cultureisthesetofimportantassumption–often unstated-that members of an organization share in common.” There are twomajor assumptions in common: beliefs and values. Beliefs are assumptions about reality and arederived and reinforced by experience values are assumptions about ideals that are desirable andworth striving for. When beliefs and values are shared in an organization, they create a corporateculture.The manifestation of corporate culture in an organization is evident in :Shared things ( e.g., the way people dress)Shared sayings (e.g., ”let’s get down to work”)Shared actions (e.g., a service-oriented approach)Shared feelings (e.g., “hard work is not rewarded here”)Culture affects not only the way managers behave within an organization but also the decisionsthey make about the organization’s relationship with its environment and its strategy. ” Culture is
Page 2
Loading page image...
Preview Mode
This document has 5 pages. Sign in to access the full document!