Building Resource Strengths and Organizational Capabilities - Review Notes

Based on Thompson and Strickland's Book

Implementing and executing strategy involves technology organization, resource acquisition, people organization, staffing, management of people and business processes. The managerial emphasis is on converting strategic plans into actions and good results.

The starting point for managers to start in implementing and executing a new or different strategy is a list of activities which the organization has to do differently from now onwards to achieve the strategic goals in the time frame envisaged. Then, the necessary steps to make the internal changes have to be instituted as early as possible.

Top-level managers have to rely on the middle and lower managers to understand and develop their unit levels plans to support strategy and explain strategy changes and related business process changes to department members and see that the organization actually operates in accordance with the strategy at department levels. Every step in the organization has certain people questioning it and the middle and lower managers must have the understanding to explain and persuade people to follow strategy .

Thompson and Strickland described eight managerial tasks as cropping up repeatedly in company efforts to execute strategy:

1. Building an organization with the competencies, capabilities, and resource strengths to execute strategy successfully.
2. Marshaling people behind the drive for strategy execution.
3. Instituting policies and procedures that facilitate rather than impede strategy execution.
4. Adopting best practices and pushing for continuous improvement in both marketing and operations activities.
5. Installing information and operating systems that enable company personnel to carry out their strategic roles proficiently.
6. Tying rewards directly to the achievement of strategic and financial targets.
7. Shaping the work environment and corporate culture to fit the strategy.
8. Exercising management control to drive execution forward, keep improving on the details of execution, and achieve operating and marketing excellence as rapidly as feasible.

Building an organization capable of good strategy execution involves three dimension: (1) Staff: a talented, can-do team with the needed experience, technical skills, and intellectual capital; (2) Core competencies and competitive capabilities (3) the technology and people organization .

Building core competencies and competitive capabilities is a time-consuming development activity that involves three stages: (1) developing the ability to do something as novice act as a team. (2) Learning from the initial performances, and developing methods to perform the activity consistently well at marketable and profitable costs,, thereby transforming the ability into a tried-and-true business getting competence or capability; and (3) continuing to polish and refine the organization's know-how and otherwise sharpen performance such that it becomes better than competitors at performing the activity, thus raising it to the core competence (or capability) or to the rank of a distinctive competence (or competitively superior capability) and opening an avenue to competitive advantage. Many companies manage to get through stages 1 and 2 but comparatively few achieve sufficient proficiency to qualify for the third stage. The idea of top three in any industry illustrates this idea of many not being able to develop that superiority in competitive scenario.

While competitors can readily duplicate some strategy features, core competencies and capabilities are very difficult or costly for imitations and they give durable competitive edge.

http://highered.mcgraw-hill.com/sites/0073381241/student_view0/chapter11/key_points.html

Presentation slides
http://www.ryerson.ca/~kjensen/CHAP011.ppt





Paper
Conceptual Framework for Modeling Business Capabilities
Kindly Bookmark and Share it:

22 comments:

  1. The introduction letter for business proposal is a good strategy execution involves three dimension that need more concentration.


    ReplyDelete
  2. To write a best essay is done only by an expert writer and a good researcher. These two quality in enriched in the writers of best essay writing service .

    ReplyDelete
  3. from others i think you can write more on different topics keep it up thanks for sharing from. content-writing

    ReplyDelete
  4. I own a business related to providing Essay Help in Chicago. Even though it is not a big organization but I can relate to your post on so many levels. One thing with which I completely agree is that it surely is very important to be different so that you can stand out among others just like our writing company where we offer the best services but in a unique way.

    ReplyDelete
  5. This is truly a decent and educational, containing all data furthermore greatly affects the new innovation. A debt of gratitude is in order for sharing digital marketing coruse

    ReplyDelete
  6. Thanks for sharing... This is Very Nice One And Gives In depth Information... mortgage broker in east kilbride

    ReplyDelete
  7. from others i think you can write more on different topics keep it up thanks for sharing from
    Golden Ratio!


    ReplyDelete
  8. . One thing with which I completely agree is that it surely is very important to be different so that you can stand out among others just like our writing company where we offer the best services but in a unique way .Thanks for sharing the informationboolean algebra

    ReplyDelete
  9. City breaks are perfect for anyone looking to relax and get away from it all.

    ReplyDelete
  10. I like this post very much this kind of post we enter in our websiteBd It

    ReplyDelete
  11. I completely agree is that it surely is very important to be different so that you can stand out among others just like our writing company where we offer the best services but in a unique way. bd laptop price

    ReplyDelete
  12. The managerial emphasis is on converting strategic plans into actions and good results.car price usa

    ReplyDelete
  13. I like this post very much this kind of post we enter in our website. bd IT

    ReplyDelete
  14. Implementing and executing strategy involves technology organization, resource acquisition, people organization, staffing, management of people and business processes. The managerial emphasis is on converting strategic plans into actions and good results.Computer price usa

    ReplyDelete
  15. The starting dark web links point for managers to start in implementing and executing a new or different strategy is a list of activities which the organization has to do differently from now onwards to achieve the strategic goals in the time frame envisaged.

    ReplyDelete
  16. 3A娛樂城新會員享首次儲值1000送1000,老虎機免轉送8888,百家連勝送99999,續儲再送20 優惠彩金,無風險押碼。3A娛樂城擁有近千場精彩體育賽事,更有真人、彩票、電子遊戲等多種娛樂方式選擇,讓您擁有完美遊戲體驗,快來3A娛樂城註冊領好禮!3A娛樂城

    ReplyDelete
  17. Community Engagement: Leveraging Building Resources for Local Development Initiatives.SEO Nahidul

    ReplyDelete
  18. Absolutely, implementing and executing strategy involves a multifaceted approach that encompasses various elements such as technology organization, resource acquisition, people organization, staffing, and management of both people and business processes. The managerial focus lies in effectively translating strategic plans into tangible actions and ultimately achieving positive outcomes. It requires aligning the organization's resources, capabilities, and activities with its strategic objectives, while also ensuring effective coordination and communication across different functional areas. Successful execution often requires strong leadership, clear communication, continuous monitoring, and the ability to adapt to changing circumstances. Ultimately, the goal is to turn strategic intentions into concrete results that drive the organization forward. HEALTH AND FITNESS

    ReplyDelete

 
Designed By An Insurance | Proudly Powered by Blogger