chapter 11: managing internal operations: actions that promote good strategy execution

now we at the end of this chapter which is chapter 11: managing internal operations: actions that promote good strategy execution

implementing a new or different strategy calls for managers to identify the resource requirements of each new strategic initiative and then consider whether the current pattern of resources allocation and budgets of the various subunits are suitable.

companies policies and operating procedures facilitate strategy execution by:

• providing top-down guidance regarding how things need to be done
• helping ensure consistency in how execution-critical activities are performed
• promoting the creation of a work climate that facilitates good strategy execution

employing process management tools:

company strategies cannot be implemented or executed well without a number of support systems to carry on business operation. real-time information systems and control system further aid the cause of good strategy execution.

For an incentive compensation system to work well:

• the monetary payoff should be a major percentage of the compensation package
• the use of incentives should extend to all managers and workers
• the system should be administered with care and fairness
• each individual's performance targets should involve outcomes the person can personally affect
• rewards should promptly follow the determination of good performance
• rewards should be given for results and not just effort.

now i finished updated chapter 11...so, it mean the exam just in the corner..be prepare ok..

gambatte...u can do it..wish me luck..dadada...