Identify and explain three actions that top executives can take to help instill a spirit of high achievement into the corporate culture and mobilize organizational energy behind the drive for good strategy execution and operating excellence.

Question

What will be an ideal response?

Answer 1

Each company manager has to think through the answer to the question "What needs to be done in my area to execute my piece of the strategic plan, and what actions should I take to get the process under way?" How much internal change is needed depends on how much of the strategy is new, how far internal practices and competencies deviate from what the strategy requires, and how well the present work culture supports good strategy execution. In most situations, managing the strategy execution process includes the following principal aspects:

• Creating a strategy-supporting structure. 
• Staffing the organization to obtain needed skills and expertise. 
• Developing and strengthening strategy-supporting resources and capabilities. 
• Allocating ample resources to the activities critical to strategic success. 
• Ensuring that policies and procedures facilitate effective strategy execution. 
• Organizing the work effort along the lines of best practice. 
• Installing information and operating systems that enable company personnel to perform essential activities. 
• Motivating people and tying rewards directly to the achievement of performance objectives. 
• Creating a company culture conducive to successful strategy execution. 
• Exerting the internal leadership needed to propel implementation forward.