LECTURER Week 12 (3/12/2013)

Assalamualikum,

This week, Miss Ummi recovered 2 chapters, which is Chapter 10 and 11. Before we start the lecture, Miss Ummi gives us a one paper. We need to answer 4 questions about Myers Brigss Type Indicator (MBTI). The test is about ourselves and after we answer the question, Miss Ummi shows us the characteristics of the result of the question. From that, I can know what actually a suitable job to me..hehe. SECRET ^^

Chapter 10: Building an Organization Capable Of Good Strategy Execution: People, Capabilities, and Structure

In this chapter, I can know what managers must do to execute strategy successfully. Executing strategy is an action-oriented, operation-driven activity revolving around the management of people and business processes. The managers should start with a probing assessment of what the organization must do differently to carry out the strategy successfully. They also should consider precisely how to make the necessary internal changes.

It is important to good strategy execution requires a team effort. All managers have strategy-executing responsibility in their areas of authority and all employees are active participants in the strategy execution process.

There are the 10 basic tasks of the strategy execution process:

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 resource allocation and the budgets of the various subunits are suitable.

         There are many instituting best practices and employing process management tools. The benchmark tool is one of them. Benchmarking is the backbone of the process of identifying, studying and implementing best practises.

How to move from benchmarking and best-practice implementation to operational excellence in strategy execution is as below:

This is an extent that a company is able to successfully adapt a best practice to fit a circumstances, it is likely to improve the performance of activity. A company can make giant stride toward excellent strategy execution by adopting a best-practices mindset and successfully implementing the use of best practices. The more that organizational units use best practices in performing their work, the closer a company moves toward performing of value chain activities more effectively and efficiently. This is what operational excellence in strategy execution is all about.