CHAPTER 7 IMPLEMENTING STRATEGY
Operation
Human Resource
employee stock ownership plans (ESOPs)
balancing work life and home life
benefits of a diverse workforce
corporate wellness programs
Annual Objective
Policies
Resource Allocation
TYPE OF RESOURCES
Financial
Physical
Human
Technological
Managing Conflict
Avoidance
Defusion
Confrontation
Functional Structure
Advantages
Simple & Inexpansive
Capitalizes on specification of business activities such as marketing and finance
Allows for rapid decision making
Disadvantages
Minimizes career development
Inadequate planning for products and markets
Lead to Short-Term, Narrow thinking
Managing Resistance to Change
Force Change Strategy
Educative Change Strategy
Self-Interest Change Strategy
Linking Performance and Pay to Strategies
Restructuring & Reengineering
Matrix Structure
Advantages
Project objectives are clear
Employees can clearly see results of their work
Shutting down a project is easily accomplished
Disadvantages
Requires excellent vertical and horizontal flows of communication
Costly because creates more manager positions
Violates unity of command principle
SBU Structure
Divisional Structure
Advantages
Allows local control of local situations
Creates career development chances
Promotes delegation of authority
Disadvantanges
Can be costly
Duplication of functional activities
Requires a skilled management force