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Determinants of the Performance of Strategic Initiatives

Determinants of the Performance of Strategic Initiatives
Author: Wolfgang Kaltenbrunn
Publisher: Gabler Verlag
Total Pages: 83
Release: 2009-09-15
Genre: Business & Economics
ISBN: 9783834918406

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Foreword Since the first studies by Bower and Burgelman in the early 1980’s on the phenomenon of strategic initiatives, the use of strategic initiatives in the strategic management of diversified organizations now is omnipresent. Strategic initiatives are seen as efficient answers of management teams for pressing challenges. By making use of strategic initiatives, managers can proceed flexibly and with entrepreneurial vigor from broad ideas toward specific commitments. Managing initiatives is perceived as a complex challenge by most managers. Empirical studies show that about 70% of all strategic initiatives fail to reach their goals. This statistic shows us, that successful management and implementation of strategic initiatives requires a multitude of diverse managerial skills. To date, the complexity of strategic initiatives is most often not fully taken into account in strategic management research. Almost all studies investigating strategic initiatives have concentrated either on the external or internal organizational context or have solely identified contextual factors that undermine the successful implementation of strategic initiatives. This underscores the fact that most prior research on the relationship between the organizational context and strategic initiatives is too narrow and suggests the need for a more holistic approach.


Determinants of the Performance of Strategic Initiatives

Determinants of the Performance of Strategic Initiatives
Author: Wolfgang Kaltenbrunn
Publisher: Springer Science & Business Media
Total Pages: 95
Release: 2009-11-02
Genre: Business & Economics
ISBN: 3834983268

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Foreword Since the first studies by Bower and Burgelman in the early 1980’s on the phenomenon of strategic initiatives, the use of strategic initiatives in the strategic management of diversified organizations now is omnipresent. Strategic initiatives are seen as efficient answers of management teams for pressing challenges. By making use of strategic initiatives, managers can proceed flexibly and with entrepreneurial vigor from broad ideas toward specific commitments. Managing initiatives is perceived as a complex challenge by most managers. Empirical studies show that about 70% of all strategic initiatives fail to reach their goals. This statistic shows us, that successful management and implementation of strategic initiatives requires a multitude of diverse managerial skills. To date, the complexity of strategic initiatives is most often not fully taken into account in strategic management research. Almost all studies investigating strategic initiatives have concentrated either on the external or internal organizational context or have solely identified contextual factors that undermine the successful implementation of strategic initiatives. This underscores the fact that most prior research on the relationship between the organizational context and strategic initiatives is too narrow and suggests the need for a more holistic approach.


STRATEGY IMPLEMENTATION PROBLEM

STRATEGY IMPLEMENTATION PROBLEM
Author: Dr. Darmin A. Pella
Publisher: Infini
Total Pages: 490
Release:
Genre: Business & Economics
ISBN:

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“The strategic planning is good, but the implementation of the strategy is problematic," that's the phrase we often hear. Strategic planning can be good because we have abundant literature clarifies strategic planning in our scientific treasures. On the other hand, strategy implementation is problematic because the literature that clarifies the problem of implementing each strategy is scarce. The book that discusses the problem of implementing strategy, especially in the context of discussion based on research, does not even exist yet. To fill this tremendous gap is one of this book’s objective. After carefull examination, I can share that there are at least three entry points if one wants to further understand strategy implementation. The first entry point is understanding number of factors that support the implementation of a strategy where these factors must be studied, mastered and possessed for the strategy to be successful. The second entry point is understanding that there is a framework or model that must be followed if we want to be successful in implementing strategy. The framework or model must be studied, mastered and followed so that the strategies that have been made are correctly implemented and the results are successful. The third entry point is to realize that there are a number of problems that are obstacles to the implementation of the strategy. These inhibiting problems must be studied, understood and overcome so that the strategy does not fail to implement and be successful. Each entry point above requires understanding because it has its own complexity. This book you are reading has a third point of entry. This book helps you learn and understand the factors that hinder the implementation of the strategy so that your strategy does not fail or reverse its achievement. This book helps you avoid failing to implement strategies that are very, very easy to find in any organization. Read this book to help you have systematics when deciphering what problems cause poor implementation of a strategy.


Strategic Factors

Strategic Factors
Author: Graham Kenny
Publisher:
Total Pages: 268
Release: 2001
Genre: Organizational effectiveness
ISBN: 9780646407173

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Strategy for business and other organisations based on the premise that all organisations compete in only three ways - Scale, Scope and Structure. Presents key performance indicators to track strategic success and provide the means for analysis of performance. Includes bibliography, index, glossary of terms and appendices. Author is a Fellow of the Australian Institute of Company Directors, a Fellow of the Australian Institute of Management, and has published articles in journals including the 'Journal of Management Studies' and the 'Journal of General Management'.


Strategic Planning and Performance Management

Strategic Planning and Performance Management
Author: Graham Kenny
Publisher: Routledge
Total Pages: 286
Release: 2012-08-06
Genre: Business & Economics
ISBN: 1136362169

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Strategic Planning and Performance Measurement: Develop & Measure a Winning Strategy, provides a clear and concise roadmap for designing, implementing and measuring strategy. The focus is on strategic factors, which are defined in a unique way as the criteria on which an organization or business unit has to do well in order to succeed. For organizations to be successful, they must take a stakeholder perspective of their performance – stakeholders such as customers, suppliers, employees and owners. The book cites many case studies including: 7-Eleven, Roche, K-mart, McDonald’s, Levi Strauss, Accor Hotels, Gallo Wines, Daimler Chrysler, Sears Roebuck, Mont Blanc, Tag Heuer, Lexus, Semco, Bright Horizons, Burns Philp, Scania Trucks and British Airways. This book provides a quantum leap forward in improving organizational performance. Management practitioners across the globe will find immediate and practical applications of its methods.


Your Strategy Needs a Strategy

Your Strategy Needs a Strategy
Author: Martin Reeves
Publisher: Harvard Business Review Press
Total Pages: 281
Release: 2015-05-19
Genre: Business & Economics
ISBN: 1625275870

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You think you have a winning strategy. But do you? Executives are bombarded with bestselling ideas and best practices for achieving competitive advantage, but many of these ideas and practices contradict each other. Should you aim to be big or fast? Should you create a blue ocean, be adaptive, play to win—or forget about a sustainable competitive advantage altogether? In a business environment that is changing faster and becoming more uncertain and complex almost by the day, it’s never been more important—or more difficult—to choose the right approach to strategy. In this book, The Boston Consulting Group’s Martin Reeves, Knut Haanæs, and Janmejaya Sinha offer a proven method to determine the strategy approach that is best for your company. They start by helping you assess your business environment—how unpredictable it is, how much power you have to change it, and how harsh it is—a critical component of getting strategy right. They show how existing strategy approaches sort into five categories—Be Big, Be Fast, Be First, Be the Orchestrator, or simply Be Viable—depending on the extent of predictability, malleability, and harshness. In-depth explanations of each of these approaches will provide critical insight to help you match your approach to strategy to your environment, determine when and how to execute each one, and avoid a potentially fatal mismatch. Addressing your most pressing strategic challenges, you’ll be able to answer questions such as: • What replaces planning when the annual cycle is obsolete? • When can we—and when should we—shape the game to our advantage? • How do we simultaneously implement different strategic approaches for different business units? • How do we manage the inherent contradictions in formulating and executing different strategies across multiple businesses and geographies? Until now, no book brings it all together and offers a practical tool for understanding which strategic approach to apply. Get started today.


Strategic Development

Strategic Development
Author: Robert G. Dyson
Publisher: John Wiley & Sons
Total Pages: 350
Release: 1998-06-29
Genre: Business & Economics
ISBN:

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There are a range of views of the strategic development process within organisations. Some see the process as being purely creative, with little or no scope for analysis at any stage (hunch-and-hope). Others see it as being over-formalised, static and focusing on producing a strategic plan rather than on actions. The approach adopted in this book argues that for effective strategic decision making, creativity needs to be supported by structured methods. The strategic development process consists of a series of elements which need to be working effectively for the process to ensure the successful development of the organisation. These elements include objective setting and performance measurement, strategic initiative formulation, strategic evaluation and a process for modelling uncertain/uncontrollable factors. The book then presents a range of hard and soft methods and models capable of supporting them. These include the balanced scorecard, visioning, the TOWS matrix, cognitive mapping, scenario development, systems dynamics modelling, transformation methods such as reengineering, strategic investment appraisal and real option theory. The book should be of interest to both academics and practitioners concerned with strategic development and those teaching and researching in the fields of strategic management, management science and operational research. The book is developed from a previous text Strategic Planning: Models and Analytical Techniques, (Wiley, 1992) following a similar approach and including some of the same methods and models but incorporating an entirely new set of articles including contemporary classics by Eden, Kaplan, Keeney, Porter, Schoemaker and others.


Executing Strategy

Executing Strategy
Author: Harvard Business Review
Publisher: Harvard Business Press
Total Pages: 128
Release: 2009-08-01
Genre: Business & Economics
ISBN: 1422172619

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Every day on the job, you face common challenges. And you need immediate solutions to those challenges. The Pocket Mentor Series can help. Each book in the series is packed with handy tools, self-tests, and real-life examples to help you identify your strengths and weaknesses and hone critical skills. Whether you're at your desk, in a meeting, or on the road, these portable, concise guides enable you to tackle the daily demands of your work with speed, savvy, and effectiveness. The latest volume in the series: Executing Strategy That strategy you've defined for your group is brilliant--promising better market share, higher profits, or some other impressive business result. But your strategy won't deliver the expected outcomes if you and your group don't execute it that is, if you don't put it into action by implementing the right strategic initiatives. This volume helps you master the challenging art of strategy execution. You'll learn how to: -Craft action plans for the strategic initiatives required to meet your goals -Keep your action plans on course despite the inevitable setbacks and surprises -Cultivate employees' sense of ownership and accountability for your plans -Create a group culture in which everyone views strategy as their job


SUSTAINING High Performance

SUSTAINING High Performance
Author: Stephen Haines
Publisher: CRC Press
Total Pages: 292
Release: 1995-05-30
Genre: Business & Economics
ISBN: 9781884015557

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In an attempt to achieve high levels of growth, profit, and competitive advantage, American businesses have been implementing a variety of management initiatives, such as TQM, reengineering, service management, self-directed work teams, and empowerment. Too often, these initiatives, when implemented individually, fail or provide only short-term results. American industry is now realizing that no single initiative can provide an overall, long-term solution. A more comprehensive, integrated approach is necessary to sustain future success. Sustaining High Performance shows you how to develop and implement an integrative "systems-thinking" strategy that will ensure a successful long-term management plan. Sustaining High Performance will help you reinvent your strategic management system (planning and change) for the 21st century and give you the tools and information to pull ahead of the competition and become a powerhouse organization.