MBA 590 Management: Strategic Implementation and Alignment

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MBA 590 ManagementStrategic Implementation and
Alignment

• Week Six Managing Execution

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Problem Solving Model
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Alternatives

• What are the reasonable alternatives?
• Pros and cons of each
• Risk assessment
• Best solution what is it based on
• Facts?
• Intuition?

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No Alternative appears to be good as a stand alone
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Solution

• Was a solution identified?
• What type of solution?
• What model or approach should be used?
• Who involved?
• Was governance identified?
• EE empowerment?
• Measurement?

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Solution

• How do we define success?
• What do we measure?
• How can we collect leading/lagging indicators
• Who involved
• What data is needed

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Solution

• Did it realize opportunity and achieve goals?
• How can we build evaluation into soln?
• End state goals
• What are the problems identified with the plan?
• What are the problems fixed?

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Measurements

• EE turnover
• Authors loss
• Increase stakeholder involvement by x date
• Define performance measures by x date

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Examples of Implementation Techniques that work

• Implementing Strategy. Andreas Raps, Strategic
  Finance, June 2004 85(12) Success rate only
  about 10 to 30.
• Effective project management for strategic
  innovation and change in an organizational
  context, John Kenny. Project Management Journal.
  March 2003 34(1).
• Implementing the global strategy plan a human
  issue. Henry Goldman. Strategic Direction.
  February 2003 19(2). How to Succeed

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Examples of Failures

• Enron Iridium Tyco
• Vivendi AOL Time Warner
• Sydney Finkelstein wrote the book Why Smart
  Executives Fail And What You Can Learn from
  Their Mistakes (Portfolio, 2002)
• Articles about Carly Fiorinas ouster from H-P
  since her grand strategy implementation can be
  considered a failure.

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Examples of Success

• IBMs initial entry into the PC industry, in
  spite of its corporate culture
• Partnership between IBM and Microsoft
• Microsoft in everything it does