Question 1

Identify the actions that are key elements of leading the strategy execution process.

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Question 2

The use of incentives and rewards is the single most powerful tool at management's disposal to win strong employee commitment to carrying out the strategic plan.True or false? Explain.

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An effectively designed reward structure is the single most powerful tool management has for mobilizing employee commitment to successful strategy execution. But incentives and rewards do more than just strengthen the resolve of company personnel to succeed-they also focus employees' attention on the accomplishment of specific strategy execution objectives. Not only do they spur the efforts of individuals to achieve those aims, but they also help to coordinate the activities of individuals throughout the organization by aligning their personal motives with the goals of the organization. In this manner, reward systems serve as an indirect type of control mechanism that conserves on the more costly control mechanism of supervisory oversight.

Question 3

Give two examples of "symbolic" culture-changing actions and two examples of "substantive" culture-changing actions.

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Question 4

Identify at least four guidelines for creating incentive compensation systems that link employee behavior to organizational objectives.

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Question 5

What three principles underlie the statistical thinking of Six Sigma quality control programs?

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Question 6

Identify and briefly discuss four steps that managers can take to change a culture that is out of step with the company's strategy.

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Question 7

What is the value of striving for continuous improvement in processes and activities? How does TQM differ from business process reengineering?

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Question 8

What is meant by empowerment of employees? How does it differ from delegation of authority? In what ways can empowerment of employees aid the cause of good strategy execution?

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Question 9

Explain how managerial leadership can foster a high-performance culture.

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Question 10

What are the distinctive features of adaptive corporate cultures?

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Question 11

Why does a company's budget need to be closely linked to the needs of good strategy execution? Why might a change in strategy call for budget reallocations?

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Question 12

Give at least three examples of nonmonetary motivation and rewards practices that have the capability to foster good strategy execution,and explain how they act to produce such a result.

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Question 13

A decentralized organization structure is more likely to further the cause of good strategy execution than is a centralized organization structure. Justify your answer.

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Question 14

Briefly identify three types of unhealthy corporate cultures.

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Question 15

Identify types of support systems that a company can install to support the execution of its strategy.How important are these systems to the strategy implementation process?

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Question 16

What is meant by the term corporate culture? Identify the three major types of corporate cultures.Which of the three types of company cultures is most beneficial to evolving a company's strategy? Why is corporate culture an important factor in implementing and executing strategy?

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Question 17

Explain the difference between a centralized and a decentralized organization structure.Which one is more likely to further the cause of good strategy execution? Why?

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Question 18

What are the characteristics of unhealthy cultures?

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Question 19

How do well-conceived policies and procedures aid the task of implementing and executing strategy? Explain how well-conceived policies and procedures facilitate organizational change and good strategy execution.

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Question 20

What constitutes effective managerial leadership in achieving superior strategy execution?

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Quiz 10: Super Strategy Execution-Another Path to Competitive Advantage