Chapter 12 Implementing Strategy CHAPTER 12 IMPLEMENTING STRATEGY

Chapter 12: Implementing Strategy

CHAPTER 12 IMPLEMENTING STRATEGY

I’d rather have a first-rate execution and second-rate strategy any time than a brilliant idea and mediocre management. Jamie Dimon CEO, JP Morgan

3 IMPORTANT ELEMENTS EXECUTION ALIGNMENT CHANGE Getting things done. Getting the right things done. Getting new things done.

THE 7 S MODEL ØThe 7 S model helps describe organizational reality • A set of buckets to sort information ØThe 7 S’s as a balloon • Push on one side, the other sides all move • The 7 S’s constitute a system ØTwo components • The Hard Triangle: Strategy, Systems, Structure • The Soft Square: Staffing, Skills, Style, Shared Values

THE 7 S MODEL Strategy Structure Systems Shared Values Staffing Skills Style

THE 7 S MODEL Strategy Organization Goals, Competitive Advantages Structure Division of Labor, Reporting Responsibilities Staffing Systems Shared Values Common Belief, Priorities Hiring, Training, Promoting Coordination, Control Skills Technologies, What we do well Style Interpersonal Relationships

CHANGE: 3 KEY PHASES Motivating Moving Maintaining Unfreezing Change Re-freezing • Publicly admit that current state isn’t working • Make a clear break with past actions or processes • Develop new behaviors • Create new Alignment • Use trial and error process • Embed new behaviors : training compensation, culture

This powerpoint preview has been provided to you courtesy of the co-authors of Strategic Management. Access to the full powerpoint decks on this topic is only authorized for those who adopt our textbook after visiting Wiley at: http: //www. wiley. com/Wiley. CDA/Wiley. Title/product. Cd 1119411696. html The full powerpoint decks are only available from the authors at: Jeff Dyer: jdyer@byu. edu Paul Godfrey: Paul_Godfrey@byu. edu Robert Jensen: Robert. Jensen@byu. edu David Bryce: dbryce@byu. edu