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HALLMARK FINAL EXAM BSN-205 WITH CORRECT QUESTIONS AND VERIFIED ANSWERS GRADED A+ ()

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HALLMARK FINAL EXAM BSN-205 WITH CORRECT QUESTIONS AND VERIFIED ANSWERS GRADED A+ () 1 Comment on the importance of strategy implementation as a component of the strategic management process. (5) - ANS-The importance of strategy implementation in strategic management process is more about creating change that is timely and appropriate. Organisations could in the past make incremental changes to keep pace, but change is increasingly revolutionary and disruptive. Organisations have to deal with products being made obsolete in a very short space of time, and products have shorter life cycles. Moreover even if they are the leading competitor the disruption may come not from the competitors in the same industry, but from organisations in other industries that have a business model that is unexpected. Overall strategic change that is not managed well will have little value if plans are not implemented timely. As plans themselves may be obsolete by the time a strategic plan is implemented. 7. Discuss the "warm square" in the modified McKinsey 7-S framework. (5) - ANS-There are four components in the "warm square": Style. the leadership and management style of the organization. Staff. the people in the organization. Skills. the organization's core competencies and sources of competitive advantage. Shared values. the values that the organization believes in. The "warm square" refers to the people of the organization and to the "soft" issues. It also relates to the drivers of strategy implementation; such as leadership, organizational culture and reward systems; which are people- centered. Whereas the "cold triangle" relates to the structural drivers of strategy implementation; namely organizational culture and reward systems; and the instruments of strategy implementation; namely short-term objectives, functional tactics and policies; which are all not peoplecentered. 8 Describe the drivers of strategy implementation. (5) - ANS-Five drivers are: loror 1. Leadership: a strategic leader must have the ability to anticipate, envision, maintain flexibility and to empower others to create strategic change as necessary, to articulate a strategic vision for the organisation and to motivate others. Strategic leadership involves managing through others and influencing human behaviour in order to achieve certain goals. Discuss five (5) reasons why strategy implementation in an organisation might fail. (5) - ANS-9/10 organisations fail to implement strategy successfully. Vision Barrier. Only 5% of the workforce understands the vision and strategy. Management Barrier. 85% of top management teams spend less than an hour on strategy. People Barrier. Only 25% of managers have rewards linked to strategy. Resource Barrier. 60% of organisations do not link budgets to strategy. Other reasons why strategy implementation might fail include: Inadequate resources. Poorly communicated strategy. Implementation actions that are not clearly defined. Unclear accountability for implementation actions and initiatives. Inadequate performance targets. Inadequate rewards. Poor leadership Distinguish between strategic planning and strategy implementation. (10) - ANS-STRATEGIC PLANNING STRATEGY IMPLEMENTATION Takes place at top management level Responsibility of all managers Requires intuitive and analytical skills Requires motivational and leadership skills Strategic planning is a market driver activity Strategy implementation is an operations driver activity Focuses on effectiveness Focuses on efficiency Strategic planning is a thinking phase Strategy implementation is a action phase Explain the different type of strategic change and the issues involved. (10) - ANS-Strategic change includes all the efforts and actions that are taking place to move an organisation from its present state toward the desired future state to increase its competitive position and its profitability. Strategic change is thus the implementation of a new strategy that involves substantive changes to the normal routines of the organisation. Strategic change is the proactive change.

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HALLMARK FINAL EXAM BSN-205 WITH
CORRECT QUESTIONS AND VERIFIED
ANSWERS GRADED A+ (2024-2025)




1 Comment on the importance of strategy implementation as a component of the strategic
management process.

(5) - ANS-The importance of strategy implementation in strategic management process is more about
creating change that is timely and appropriate. Organisations could in the past make incremental
changes to keep pace, but change is increasingly revolutionary and disruptive. Organisations have to
deal with products being made obsolete in a very short space of time, and products have shorter life
cycles. Moreover even if they are the leading competitor the disruption may come not from the
competitors in the same industry, but from organisations in other industries that have a business model
that is unexpected.

Overall strategic change that is not managed well will have little value if plans are not implemented
timely. As plans themselves may be obsolete by the time a strategic plan is implemented.

7. Discuss the "warm square" in the modified McKinsey 7-S framework. (5) - ANS-There are four
components in the "warm square":

Style. the leadership and management style of the organization.

Staff. the people in the organization.

Skills. the organization's core competencies and sources of competitive advantage.

Shared values. the values that the organization believes in.

The "warm square" refers to the people of the organization and to the "soft" issues. It also relates to the
drivers of strategy implementation; such as leadership, organizational culture and reward systems;

, which are people- centered. Whereas the "cold triangle" relates to the structural drivers of strategy
implementation; namely organizational culture and reward systems; and the instruments of strategy
implementation; namely short-term objectives, functional tactics and policies; which are all not people-
centered.



8 Describe the drivers of strategy implementation. (5) - ANS-Five drivers are: loror

1. Leadership: a strategic leader must have the ability to anticipate, envision, maintain flexibility and to
empower others to create strategic change as necessary, to articulate a strategic vision for the
organisation and to motivate others. Strategic leadership involves managing through others and
influencing human behaviour in order to achieve certain goals.

Discuss five (5) reasons why strategy implementation in an organisation might fail. (5) - ANS-9/10
organisations fail to implement strategy successfully.

Vision Barrier. Only 5% of the workforce understands the vision and strategy.

Management Barrier. 85% of top management teams spend less than an hour on strategy.

People Barrier. Only 25% of managers have rewards linked to strategy.

Resource Barrier. 60% of organisations do not link budgets to strategy.

Other reasons why strategy implementation might fail include:

Inadequate resources.

Poorly communicated strategy.

Implementation actions that are not clearly defined.

Unclear accountability for implementation actions and initiatives. Inadequate performance targets.
Inadequate rewards. Poor leadership



Distinguish between strategic planning and strategy implementation. (10) - ANS-STRATEGIC PLANNING
STRATEGY IMPLEMENTATION Takes place at top management level Responsibility of all managers
Requires intuitive and analytical skills Requires motivational and leadership skills Strategic planning is a
market driver activity Strategy implementation is an operations driver activity Focuses on effectiveness
Focuses on efficiency Strategic planning is a thinking phase Strategy implementation is a action phase



Explain the different type of strategic change and the issues involved. (10) - ANS-Strategic change
includes all the efforts and actions that are taking place to move an organisation from its present state
toward the desired future state to increase its competitive position and its profitability. Strategic change
is thus the implementation of a new strategy that involves substantive changes to the normal routines
of the organisation. Strategic change is the proactive change.

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