Strategic Formulation & Implementation
Strategic Formulation & Implementation
Strategic Formulation & Implementation
Organisational
structure Financial &
(framework) Managerial physical resources
authority & power (resources)
(leadership)
Strategy implementation
ENERGY FORMS AVAILABLE TO THE
ORGANISATION IN PURSUIT OF STRATEGY
The organization structure, which provides a framework
within which decisions can be formulated, considered and
implemented.
The management, which facilitate decisions, motivates
employees, promotes the organisation’s culture, reviews results
and makes appropriate changes
Organisational and individual values, which drive the
pursuit of goals and objectives, explicitly and implicitly
The organisation’s personnel, who carry out the strategy, and
deal with the changes that may occur during its
implementation.
The organisation’s financial and physical assets which can
be deployed to achieve optimum synergy (i.e. where the
combined effect exceeds the sum of their parts).
CONCLUSION
These forces represent the internal energy, or potential ,
of the organization, which is available to implement
its chosen strategy in pursuit of its goal to serve
customers, if in the market place, or members of the
community if in the public arena.
REFERENCES
Sources:
Strategic Management – G. A. Cole
Strategice Management – Formulation, Implementation & control – John A.
Pearce II, Richard B. Robinson, Jr., Amita Mital
Contemporary Strategy Analysis - Robert Grant 1995
Macmillan & Tampoe 2001
The WWW