Strategy Implementation

Build Execution Its often : “ Our strategy was great but failed to execute 60% of the company budgets are not linked to the strategy 30% staff incentives are not linked to strategy Only 10% of the employee understand the strategy

FIVE critical steps of strategy implementation Align your initiatives Align budget and performance Structure follows strategy Engaging staff Monitor and adapt

Managing Strategic Change during strategy implementation

Change Changes takes place continuously within the organization to manage the operations. Japanizes believes small changes within the organization bring much more bigger results in the future (Kaizan). The pace of change can be represented by two extremes. Slow organizational change Fast organizational change

What is strategic change Strategic change is proactive management of change in organization to achieve clearly identified objective. Proactive means that company takes initiatives to manage new strategies to overcome a strategic issue or strategic opportunity( Consumer habit changes) and managing its impact on organizational employees.

Pressure points of strategic change Strategic change is primarily with people and tasks they perform in the organization. Understanding the pressure points for influencing such a change is important if the change is to be effective. Its undertaken through formal and informal structure of the organization

Tychy's FOUR main causes of strategic change Environment Business relationships Technology People

Managing strategic change Perspective approach to managing strategic change Emergent approach to managing strategic change

Managing challenges of perspective change Kert Lewin (1950) three step model Unfreezing current attitude Moving to a new level Refreezing attitude at the new level