3.10.3 - managing strategic implementation

Question 1

what is strategic implementation?

Answer 1

creating a plan to achieve goals and objectives within an organisation, then executing it

Question 2

give 4 factors influencing strategy success?

Answer 2

• resources
• flexibility
• external environment
• leadership style

Question 3

what are 3 roles of leadership in developing a successful strategy?

Answer 3

• needed to explain + communicate the strategy so that all stakeholders understand
• be able to adapt the strategy if circumstances change
• need to be able to delegate and not take everything on themselves

Question 4

what are 3 roles of communications in implementing strategy?

Answer 4

• informing stakeholders ensuring they agree with objectives
• needs to be effective to have good level of collaboration
• clear, consistent messages need to be delivered to engage stakeholders in seeing the success

Question 5

what are 3 roles of organisational structure in implementing strategy?

Answer 5

• clear communication/structure to delegate tasks
• depending on how big the strategy is, may pick a certain structure to get involvement e.g.) matrix
• determines how quick decisions can be made + communicated

Question 6

what is Critical Path Analysis (CPA)?

Answer 6

The process of breaking down complex tasks into more manageable and measurable tasks

Question 7

What do you do when there is a choice of EST’s?

Answer 7

Choose the sum which is higher

Question 8

What do you do when there is a choice of LST’s?

Answer 8

Choose the sum which is lower

Question 9

What is flow time?

Answer 9

When there is a difference between EST and LST meaning the task can be delayed and still completed on time (LST - EST)

Question 10

What is the critical path?

Answer 10

The chain of activities which takes the longest - can’t be delayed

Question 11

What are 3 advantages of CPA?

Answer 11

• allows the business to work out the quickest way to achieve a project
• help stimulate new ways of thinking about doing things
• helps allocate resources in an efficient way

Question 12

What are 3 disadvantages of CPA?

Answer 12

• time consuming to map out
• doesn’t take unexpected events into account
• can question the reliability of the task time estimates