Business Strategy Execution

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What is a key benefit of having a centralized decision-making structure?

Specialization and creation of generalists

Higher overhead costs for the organization

Decentralized decision-making authority

Control resides with strategic leaders (correct)

Which organizational structure is suitable for companies pursuing a restructuring strategy?

Centralized decision-making structure

Divisional structure (correct)

Functional structure

Decentralized decision-making structure

What is a limitation of the centralized decision-making structure?

Succession problems due to generalists

Higher overhead costs for the organization

Coordination problems between functions (correct)

Decentralized decision-making authority

What is a characteristic of the divisional structure?

The headquarters acts as an investment company Signup and view all the answers

What is a risk associated with the divisional structure?

No centralized skills to support the organization Signup and view all the answers

What should organisations consider when allocating resources?

The level of risk associated with the proposal and its alignment with the organisation's mission and objectives Signup and view all the answers

What is the purpose of the Strategy Execution Framework (SEF)?

To align an organisation's projects and programmes with its strategies Signup and view all the answers

What is a benefit of the divisional structure?

Relatively low central overhead costs Signup and view all the answers

What is the outcome of successfully completed projects in an organisation?

They become part of the day-to-day operations of the organisation Signup and view all the answers

What is the role of programmes and projects in an organisation's strategic direction?

They are used to implement an organisation's strategy Signup and view all the answers

What is the result of not having all the six key aspects of the Strategy Execution Framework (SEF)?

Disruption in strategy deployment Signup and view all the answers

What is the primary purpose of short-term objectives in strategy implementation?

To operationise long-term objectives Signup and view all the answers

What is the stage at which strategic initiatives are identified in the Strategy Execution Framework (SEF)?

Synthesis Signup and view all the answers

What is a characteristic of well-formulated short-term objectives?

They comply with the SMART requirements Signup and view all the answers

What is the role of functional tactics in strategy implementation?

To provide a detailed statement of the means to achieve short-term objectives Signup and view all the answers

What is the primary benefit of having short-term objectives in strategy implementation?

It provides a strong motivational force and helps to avoid conflict Signup and view all the answers

What is the relationship between short-term objectives and long-term objectives?

Short-term objectives are translated from long-term objectives Signup and view all the answers

Why is it important to have short-term objectives in strategy implementation?

It serves as a standard for measuring progress and outcomes Signup and view all the answers