Building an organization capable of good strategy execution entails Show
staffing the organization, acquiring, developing, and strengthening key resources and competitive capabilities, and structuring the organization and work effort. empowering employees, maximizing internal operating efficiency, and optimizing core competencies. decentralizing authority for performing strategy-critical value chain activities, establishing at least two distinctive competencies, and hiring talented employees. investing heavily in employee training, using an empowered organization design and organization structure in order to maximize labor productivity, and employing effective incentive compensation systems. centralizing authority in the hands of a chief strategy implementer so as to create the leadership authority for driving implementation forward at a rapid pace. The
three components of building a capable organization are making periodic changes in the firm's internal organization to keep people from getting into a comfortable rut, instituting a decentralized approach to decision making, and developing the appropriate competencies and capabilities. hiring a capable top management team, empowering employees, and establishing a strategy-supportive corporate culture. optimizing the number of core competencies and competitive capabilities, making sure that all managers and employees are empowered, and maximizing internal operating efficiency. putting a centralized decision-making structure in place, determining who should have responsibility for each value chain activity, and aligning the corporate culture with key policies, procedures, and operating practices. staffing the organization, acquiring, developing, and strengthening key resources and competitive capabilities, and structuring the organization and work effort. What are the three key actions in building an organization capable of good strategy execution?What are the three key actions for building an organization capable of good strategy execution?. Staffing the organization: putting together a strong management team.. Acquiring, developing, and strengthening the resources and capabilities required for good strategy execution.. Structuring the organization and work effort.. What is the advantage of acquiring capabilities through merger and acquisition?What is the advantage of acquiring capabilities through merger and acquisition? Speed, because developing new capabilities internally can take many years of effort.
In which of the following instances is the training and retraining of employees likely to make the least important contribution to good strategy execution?In which one of the following instances is the training and retraining of employees likely to make the least important contribution to good strategy execution? D) When the chosen strategy calls for deeper technological capability or building and using new capabilities.
Which of the following is an advantage of a decentralized organizational structure?Advantages of decentralized organizations include increased expertise at each division, quicker decisions, better use of time at top management levels, and increased motivation of division managers.
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Accessing capabilities through an external source can be accomplished through all of these EXCEPT
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