Unit 11 exam revised

Question 1

What turns strategic plans into a series of action tasks and ensures that these tasks are executed in such a way that the objectives of the strategic plan are achieved?

Answer 1

Strategy implementation

Question 2

List the differences between strategy implementation and formulation.

Answer 2

Strategy formulation is the thinking phase – implementation is the action phase.
Formulation requires intuitive and analytical skills – implementation requires motivation
and leadership skills.

Question 4

Study the barriers to implementing a strategy figure.

Answer 4

Unit 11, page 7.

Question 5

List the 4 key features of change management.

Answer 5

Dissatisfaction with the current strategy
Vision of a better future
Strategy to implement change

Question 6

List the types of strategic change.

Answer 6

Adaptation ‒ incremental change.
Reconstruction ‒ the reconstruction of processes to implement a new strategy.
Evolution – changes that happen over time
Revolution ‒ changes as a result of sudden and fast-changing conditions.

Question 7

List some important strategic issues of change.

Answer 7

Time
Scope
Diversity
Capacity
Capability

Question 8

List the important causes of strategic change.

Answer 8

Environment
Technology
Regulatory events
Business relationships
The strategic awareness and skills of managers and employees

Question 9

List ways to manage change in organisations effectively

Answer 9

Have a Plan
Set the Goal
Defining the Change
Listen attentively

Question 10

Describe the change management process.

Answer 10

1. Identifying the areas of change
   -involves new technology, reward systems, budgets etc
2. Managing resistance to strategic change
   -overcome resistance through negotiation, agreement, coercion
3. Using power and influence
4. The learning organisation