essential of strategy implementation
TRANSCRIPT
8/4/2019 Essential of Strategy Implementation
http://slidepdf.com/reader/full/essential-of-strategy-implementation 1/22
Essential of Strategy
ImplementationBy: Emilee Ann Tingala
8/4/2019 Essential of Strategy Implementation
http://slidepdf.com/reader/full/essential-of-strategy-implementation 2/22
Production/Operations
Concernswhen Implementing Strategies
8/4/2019 Essential of Strategy Implementation
http://slidepdf.com/reader/full/essential-of-strategy-implementation 3/22
Type ofOrganizations
Strategy BeingImplemented
Production SystemAdjustments
Hospital Adding a cancer center
(Product Development)
Purchase specialized
equipment and addspecialized people
Bank Adding 10 newbranches (MarketDev’t)
Perform site locationanalysis
Beer brewery Purchasing a barleyfarm operation(Backward Integration)
Revise inventory controlsystem
Computer
company
Purchasing a retail
distibution chain(forward integration)
Alter shipping,
packaging andtransportation systems
SteelManufacturer
Acquiring a fast-foodchain (unrelated
diversification)
Improve the qualitycontrol system
8/4/2019 Essential of Strategy Implementation
http://slidepdf.com/reader/full/essential-of-strategy-implementation 4/22
Production/OperationsConcernswhen Implementing Strategies
Just-in-Time (JIT)
Parts and materials are deliveredto a production site just as they areneeded
Reduces the costs of implementingstrategies
8/4/2019 Essential of Strategy Implementation
http://slidepdf.com/reader/full/essential-of-strategy-implementation 5/22
Factors to be studied beforelocating production facilities:
Availability of major resources
Prevailing wage rates in thearea
Transportation costs
Location of major markets
Political risks in the area Availability of trainable
employees
8/4/2019 Essential of Strategy Implementation
http://slidepdf.com/reader/full/essential-of-strategy-implementation 6/22
Cross-training of employees
Employees gain a betterunderstanding of the wholebusiness
They can contribute better ideasin planning sessions
8/4/2019 Essential of Strategy Implementation
http://slidepdf.com/reader/full/essential-of-strategy-implementation 7/22
Problems with cross-trainingemployees:
1. It can thrust managers intoroles that emphasizecounseling and coaching over
directing and enforcing
2. It can necessitate substantialinvestments in training andincentives
8/4/2019 Essential of Strategy Implementation
http://slidepdf.com/reader/full/essential-of-strategy-implementation 8/22
3. It can be very time-consuming
4. Skilled workers may resentunskilled workers who learntheir jobs
5. Older employees may not wantto learn new skills
8/4/2019 Essential of Strategy Implementation
http://slidepdf.com/reader/full/essential-of-strategy-implementation 9/22
Human ResourceConcernswhen Implementing Strategies
8/4/2019 Essential of Strategy Implementation
http://slidepdf.com/reader/full/essential-of-strategy-implementation 10/22
Strategic responsibilities of aHuman Resource Manager:
Assessing the staffing needsand costs for alternativestrategies
Developing a staffing plan foreffectively implementingstrategies
8/4/2019 Essential of Strategy Implementation
http://slidepdf.com/reader/full/essential-of-strategy-implementation 11/22
Developing performanceincentives that clearly linkperformance and pay tostrategies
Linking company and personal
benefits
Establishing and administeringan employee stock ownership
plan (ESOP)
8/4/2019 Essential of Strategy Implementation
http://slidepdf.com/reader/full/essential-of-strategy-implementation 12/22
Instituting an effective child-care
policy Providing leadership for
managers and employees in away that allows them to balancework and family
8/4/2019 Essential of Strategy Implementation
http://slidepdf.com/reader/full/essential-of-strategy-implementation 13/22
Causes of problems that arisewhen implementing strategies:
1. Disruption of social andpolitical structures
2. Failure to match individuals’aptitudes with implementationtasks
3. Inadequate top managementsupport for implementationactivities
8/4/2019 Essential of Strategy Implementation
http://slidepdf.com/reader/full/essential-of-strategy-implementation 14/22
Employee StockOwnership Plans
(ESOPs)
8/4/2019 Essential of Strategy Implementation
http://slidepdf.com/reader/full/essential-of-strategy-implementation 15/22
Employee Stock OwnershipPlans (ESOPs)
A tax-qualified, defined-contribution,employee-benefit plan
Whereby employees purchase stock
of the company through borrowedmoney or cash contributions
Empower employees to work asowners
Used as a tactic for preventing ahostile takeover
8/4/2019 Essential of Strategy Implementation
http://slidepdf.com/reader/full/essential-of-strategy-implementation 16/22
Balancing Work Life andHome Life
HR managers need to foster amore effective balancing ofprofessional and private lives
A good home life contributes to agood work life
8/4/2019 Essential of Strategy Implementation
http://slidepdf.com/reader/full/essential-of-strategy-implementation 17/22
Actions in response towork/family issues:
Providing spouse relocationassistance as an employee benefit
Providing company resources for
family recreational andeducational use
Establishing employee country
clubs Creating family/work interaction
opportunities
8/4/2019 Essential of Strategy Implementation
http://slidepdf.com/reader/full/essential-of-strategy-implementation 18/22
Actions in response towork/family issues:
Developing family days
Family is invited in the workplace
Inexpensive
Increase employees’ pride in
working
8/4/2019 Essential of Strategy Implementation
http://slidepdf.com/reader/full/essential-of-strategy-implementation 19/22
Other issues in work life andhome life
Glass ceiling
the invisible barrier that barswomen and minorities from the top
level management positions
Extramarital affairs
8/4/2019 Essential of Strategy Implementation
http://slidepdf.com/reader/full/essential-of-strategy-implementation 20/22
Diverse Workforce
Diversification A basic growth strategy that implements
the expansion of product lines or
expanding into another industry.
An organization can be most effective when
a workforce mirrors the diversity of itscustomers.
8/4/2019 Essential of Strategy Implementation
http://slidepdf.com/reader/full/essential-of-strategy-implementation 21/22
Benefits of a DiverseWorkforce
1. Improves corporate culture
2. Improves employee morale
3. Leads to a higher retention ofemployees
4. Leads to an easier recruitment
of new employees5. Decreases complaints and
litigation
8/4/2019 Essential of Strategy Implementation
http://slidepdf.com/reader/full/essential-of-strategy-implementation 22/22
6. Increases creativity
7. Decreases interpersonal
conflict between employees8. Enables the organization to
move into emerging markets
9. Improves client relations10. Increases productivity
11. Improves the bottom line
12. Maximizes brand identity13. Reduces training costs