Difficulties with implementing strategy Flashcards
What are some of the factors that might make issues when implementing strategy 3
The external environment continually changing.
The internal environment changing
Competing stakeholder interest
What are some difficulties a company needs to overcome to ensure the success of its strategy?
A lack of resources
Miscommunication
Managers not providing clear enough research
What are the two types of strategy?
Planned or emergent
What are some disadvantages of planned strategies? 3
Cost a lot of time and money
They become out of date
Senior managers making the strategies are often out of touch with what’s really happening in the biz
What is an emergent strategy
A strategy which develops over time
What are some positives of emergent strategies? 2
Saves a lot of time and money
They stay relevant as they can adapt to environment.
What are some disadvantages of emergent strategies? 3
Might not be clear what the end goal is
Difficult for larger companies and depts need to coordinate.
Gov organisations don’t allow for it e.g. NHS is planned by gov.
