5.3.5

Managing Strategic Implementation

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Managing Strategic Implementation

Businesses use strategies to achieve their aims and objectives.

Factors influencing strategies

Factors influencing strategies

Businesses consider the internal and external environment when deciding and considering their strategic plans.
The leadership of a business can affect its strategic plans and the implementation of a strategy.

Impact of implementing a new strategy

Impact of implementing a new strategy

Implementing a new strategy can mean that the business experiences large cultural changes.
Leaders are needed to guide the business through this period of change and ensure that employees are supporting the change and the business’ direction.

Importance of leaders for implementing new strategies

Importance of leaders for implementing new strategies

Leaders often understand the process of change and their guidance and expertise can help make sure that any change is successful.
Leaders often take responsibility for monitoring and reviewing any strategic changes and ensuring that appropriate actions are taken to address any concerns. Leaders may also delegate these decisions to others within the organisation.
Leaders motivate and empower staff and ensure that employees are not resistant.

Communication

Communication

The quality of communication within a business can affect its strategic plans and the implementation of a strategy.

Importance of communication for implementing a new strategy

Importance of communication for implementing a new strategy

Communication involves employees and ensures that key stakeholders understand why change is happening. This can reduce employee resistance and support strategic change.
Communication between functional areas is vital to ensure that all functions have the resources available to support the strategic change.
Communication is vital to enable employees to report on and review the success of the change and relay this information to managers and leaders.

1

Exploring Business

2

Marketing Campaigns

2.1

Marketing

2.1.1Setting Marketing Objectives 2.1.2Customer Needs 2.1.3The Market 2.1.4Competition & The Market 2.1.5Consumer Behaviour 2.1.6Market Research 2.1.7Forms of Market Research 2.1.8Market Segmentation 2.1.9Cultural & Social Factors in Marketing 2.1.10Promotional Decisions 3 2.1.11Pricing Strategies

2.2

Marketing Mix

2.2.1Marketing Mix 2.2.2Product Life Cycle 2.2.3Pricing Decisions & Price Skimming 2.2.4Pricing Decisions & Price Penetration 2.2.5Promotional Decisions 2.2.6Promotional Decisions 2 2.2.7Promotional Decisions 3 2.2.8Market Mapping

3

Business Finance

3.1

Sources of Finance

3.1.1Internal Finance 3.1.2External Finance 3.1.3External Finance 2 3.1.4Sources of Business Finance

3.2

Financial Planning

3.2.1Revenue 3.2.2Costs 3.2.3Cash & Cash Flow 3.2.4Cash & Cash Flow 2 3.2.5Break-Even Analysis 3.2.6Profits

3.3

Financial Statements

3.3.1Balance Sheets 3.3.2Income Statements 3.3.3Liquidity

4

International Business

4.1

Globalisation

4.1.1Growing Economies 4.1.2Specialisation & Trade

4.2

International Business

4.2.1Internationalisation 4.2.2International Trade 4.2.3MNCS 4.2.4Conditions that Prompt Trade 4.2.5Assessment of a Country

4.3

International Economic Environment

4.3.1Globalisation 4.3.2Factors Contributing to Globalisation 4.3.3Protectionism 4.3.4The EU & the WTO 4.3.5Trading Blocs

4.4

Factors Affecting International Business

4.4.1Global Competitiveness 4.4.2Ethics of Global Business 4.4.3Controlling MNCs 4.4.4Cultural & Social Factors in Marketing

5

Principles of Management

5.1

Management & Leadership

5.1.1Managers 5.1.2Management Theories 5.1.3Managing Organisational Culture 5.1.4Management Style

5.2

Theories of Motivation

5.2.1Motivating & Engaging Employees 5.2.2Taylor's Theory 5.2.3Mayo's Theory 5.2.4Maslow's Theory 5.2.5Herzberg's Theory

5.3

Managing Change

5.3.1Change 5.3.2Key Factors in Change 5.3.3Scenario Planning 5.3.4Managing Change 5.3.5Managing Strategic Implementation

6

Business Decision Making

6.1

Business Principles & Practices

6.1.1Influences in External Environments 6.1.2Product Decisions 6.1.3Competitive Environment 6.1.4Corporate Strategy 6.1.5Quantitative Sales Forecasting 6.1.6Legislation

6.2

Quality Management

6.2.1Importance of Quality 6.2.2Measuring Quality 6.2.3Total Quality Management 6.2.4Evaluating TQM

6.3

Human Resources

6.3.1Contracts 6.3.2Recruitment 6.3.3Training a Workforce

6.4

Documents & Business Decisions

6.4.1Sales Forecasts 6.4.2Managing Strategic Implementation 6.4.3Problems with Strategy

Jump to other topics

1

Exploring Business

2

Marketing Campaigns

2.1

Marketing

2.1.1Setting Marketing Objectives 2.1.2Customer Needs 2.1.3The Market 2.1.4Competition & The Market 2.1.5Consumer Behaviour 2.1.6Market Research 2.1.7Forms of Market Research 2.1.8Market Segmentation 2.1.9Cultural & Social Factors in Marketing 2.1.10Promotional Decisions 3 2.1.11Pricing Strategies

2.2

Marketing Mix

2.2.1Marketing Mix 2.2.2Product Life Cycle 2.2.3Pricing Decisions & Price Skimming 2.2.4Pricing Decisions & Price Penetration 2.2.5Promotional Decisions 2.2.6Promotional Decisions 2 2.2.7Promotional Decisions 3 2.2.8Market Mapping

3

Business Finance

3.1

Sources of Finance

3.1.1Internal Finance 3.1.2External Finance 3.1.3External Finance 2 3.1.4Sources of Business Finance

3.2

Financial Planning

3.2.1Revenue 3.2.2Costs 3.2.3Cash & Cash Flow 3.2.4Cash & Cash Flow 2 3.2.5Break-Even Analysis 3.2.6Profits

3.3

Financial Statements

3.3.1Balance Sheets 3.3.2Income Statements 3.3.3Liquidity

4

International Business

4.1

Globalisation

4.1.1Growing Economies 4.1.2Specialisation & Trade

4.2

International Business

4.2.1Internationalisation 4.2.2International Trade 4.2.3MNCS 4.2.4Conditions that Prompt Trade 4.2.5Assessment of a Country

4.3

International Economic Environment

4.3.1Globalisation 4.3.2Factors Contributing to Globalisation 4.3.3Protectionism 4.3.4The EU & the WTO 4.3.5Trading Blocs

4.4

Factors Affecting International Business

4.4.1Global Competitiveness 4.4.2Ethics of Global Business 4.4.3Controlling MNCs 4.4.4Cultural & Social Factors in Marketing

5

Principles of Management

5.1

Management & Leadership

5.1.1Managers 5.1.2Management Theories 5.1.3Managing Organisational Culture 5.1.4Management Style

5.2

Theories of Motivation

5.2.1Motivating & Engaging Employees 5.2.2Taylor's Theory 5.2.3Mayo's Theory 5.2.4Maslow's Theory 5.2.5Herzberg's Theory

5.3

Managing Change

5.3.1Change 5.3.2Key Factors in Change 5.3.3Scenario Planning 5.3.4Managing Change 5.3.5Managing Strategic Implementation

6

Business Decision Making

6.1

Business Principles & Practices

6.1.1Influences in External Environments 6.1.2Product Decisions 6.1.3Competitive Environment 6.1.4Corporate Strategy 6.1.5Quantitative Sales Forecasting 6.1.6Legislation

6.2

Quality Management

6.2.1Importance of Quality 6.2.2Measuring Quality 6.2.3Total Quality Management 6.2.4Evaluating TQM

6.3

Human Resources

6.3.1Contracts 6.3.2Recruitment 6.3.3Training a Workforce

6.4

Documents & Business Decisions

6.4.1Sales Forecasts 6.4.2Managing Strategic Implementation 6.4.3Problems with Strategy

Practice questions on Managing Strategic Implementation

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1
Factors influencing the implementation of a strategy:Fill in the list
2
Importance of leaders for implementing change:True / false

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Managing Change

Influences in External Environments