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structure, reward mechanisms, org culture, leadership
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Strategy may be implemented via
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Strategy and structure
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The match or degree of fit between ______ influences the firm's ability to earn above average return
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Strategic goals
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The choice of structure and controls should support the ___ of the firm
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Structure, strategy
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_____ will change as the _____ of the org changes
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Effective strategic leadership
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__________ means selecting the appropriate structure
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Performance
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Research suggest that _______ declines when the firm's strategy is not matched iwth the most appropriate structure and controls
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Organizational structure
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Specifies the firm's formal reporting relationships, procedures, controls and authority and decision making processes
-specifies the work to be done and how to do it given the strategies -pivotal component of effective strategy implementation |
Alfred chandler
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Strategy pioneer ___ found orgs change their structures in ineffieicienceies force them to
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Structural abilitie
structural flexibility |
Two consideratins regarding alignment or structure and strategy
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Structual stability
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Capacity firm requires to consistently and predictably manage its daily work routines
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Structural flexibility
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Opportunity to explore comp advs frim will need to be successful in the future
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Controls
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Guide the use of strategy, indicate how to compare actual results with expected results and suggest corrective actions to take when the difference is unacceptable
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Strategic, financial
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Two types of controls
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Strategic controls
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Largely subjective but still able to measure criteria intended to verify that the firm is using appropriate strategies for the conditions in the external environment and the comapny's competitive advantages
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What the frim might do (opp in external)
what the firm can do (competencies) |
Strategic controls are concerned with examining the fit between
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