Building an organization capable of good strategy execution entails
Multiple Choice
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
Multiple Choice
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.