Flashcards
Strategy execution
Flashcards do conjunto (8)
- 1Define strategy mapA one-page illustration that shows what the company hopes to accomplish and how it will accomplish it.
What: to meet financial, customer and societal goals.
How: using the companies processes and resources - 2What are the 4 stages of resource based strategy execution?1. Mapping out strategy
2. Identifying and assessing risks using a strategy map.
3. Designing management control systems to manage identified risks.
4. Monitoring risks - 3Financial perspective in strategy maphow much and what type of value organisation must create to satisfy its shareholders
Examples: increasing revenues , reducing costs. - 4Customer perspectivesValue proposition firm promises to deliver to its customers.
Why should the customer buy from the organisation rather than rival competitors?
3 value propositions; product leadership, customer intimacy & operational excellence . - 5Process perspectivesHow will it efficiently and effectively deliver value to its customers.
Key processes: customer, operational, innovation, regulatory & social processes - 6Learning and growth perspectivesResources that enable the organisations employees to efficiently & effective perform internal processes
Includes: human capital, organisational capital, information capital. - 7Types of risk that need to be identified and assessed1. Customer perspective risks.
2. Process perspective risks.
3. Learning and growth perspective risks. - 8The 8 S's of strategy execution1. Strategy and purposes
2.structure
3. Systems and processes
4. Leadership style
5. Staff
6. ReSources
7. Shared values
8. Strategic performance
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- Descrição
- FlashCards sobre Strategy execution, criado por Nyibol Deng em 02-11-2016.
- Criado por
- Nyibol Deng
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