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Strategy Execution and Organizing for Success

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STRATEGY EXECUTION & MANAGEMENT OF CHANGE

Strategy Execution and Organizing for Success

SUBMITTED BY NITYA RANJAN MAITY MSL-126

PART I
CONCEPT:
The rapid pace of change, increasing competition; globalization and new opportunities made possible by technology all contribute to the need for executives to be able to effectively develop, communicate and manage the execution of organizational strategy.
Few quotes on the concept;
Michel Porter; “Operational effectiveness and strategy are both essential for superior performance but they work in very different ways”

Dr, Robert Kaplan & David Norton; “Managing Strategy differs from managing operation.” Because of the differences, it should not be surprise that the performance management tools for operations are different from those ideally-suited for strategic management.
Strategy without execution is like a sports car without horse power. It looks great in the driveway but impresses no one out in the road.
Maximizing the organization’s potential and ultimate success depends on accelerating the alignment of strategy, organizational model and people. In other words, success requires the people with right profile and motivation find the organization to be an environment that is conducive to flawless execution. This is a difficult process that is aided greatly by an objective and robust analysis of a company’s people and culture, and can be developed through multi dimensional employee assessment.

The characteristics of strategic decisions

Level of strategy

• Corporate level strategy
• Business level strategy
• Operational level strategy

Strategy Execution

Structure and business strategy

 Business level strategy and structure
 Corporate level strategy and structure

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