PLEASE EXPLAIN THE STAGE 4 TO 6 ONLY for my report. Asap please! Thank you

Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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PLEASE EXPLAIN THE STAGE 4 TO 6 ONLY for my report. Asap please! Thank you
Below are the key stages involved in a successful implementation for competitive
advantage.
Implementation Stage
Stage 1
People, skills, and organizational structure
Stage 2
Organizational culture
Stage 3
Reward system
Stage 4
Resource requirements
Stage 5
Supporting activities
Stage 6
Strategic leadership
*********
Key Questions to Ask in This Stage
• When must the strategy/strategic initiative be implemented? (How flexible is
that date?)
• Who is going to do it? What human skills are needed?
• Do affected employees understand their roles?
• Will the organization need to hire or lay off people? If so, how should it go
about it?
• How should the firm be organized? What structure should be implemented?
Why and how?
• What culture in the organization is required for the implementation to be
successful?
. If the current culture differs from the culture needed for the success of the
strategy implementation, how should the firm go about changing its culture?
• Is a reward structure in place to accomplish the task?
• If not, what type of reward structure needs to be introduced to ensure
successful strategy implementation?
• What resources (financial and otherwise) are needed?
Are they in place?
• If not, how can the firm obtain the required resources?
How is the implementation to be supported?
What policies, procedures, and IT support are needed?
• Does the firm need external help (e.g., consulting services)? If so, what kind
of services would the firm need, and why?
• What types of strategic leaders are required to make the change happen?
• Does the firm have them in-house?
• Should the firm hire some strategic leaders from outside?
• How should the firm train its managers to create a pipeline of strategic leaders?
Lifted from Strategic Management by Frank Rothaermel, 2017
Transcribed Image Text:Below are the key stages involved in a successful implementation for competitive advantage. Implementation Stage Stage 1 People, skills, and organizational structure Stage 2 Organizational culture Stage 3 Reward system Stage 4 Resource requirements Stage 5 Supporting activities Stage 6 Strategic leadership ********* Key Questions to Ask in This Stage • When must the strategy/strategic initiative be implemented? (How flexible is that date?) • Who is going to do it? What human skills are needed? • Do affected employees understand their roles? • Will the organization need to hire or lay off people? If so, how should it go about it? • How should the firm be organized? What structure should be implemented? Why and how? • What culture in the organization is required for the implementation to be successful? . If the current culture differs from the culture needed for the success of the strategy implementation, how should the firm go about changing its culture? • Is a reward structure in place to accomplish the task? • If not, what type of reward structure needs to be introduced to ensure successful strategy implementation? • What resources (financial and otherwise) are needed? Are they in place? • If not, how can the firm obtain the required resources? How is the implementation to be supported? What policies, procedures, and IT support are needed? • Does the firm need external help (e.g., consulting services)? If so, what kind of services would the firm need, and why? • What types of strategic leaders are required to make the change happen? • Does the firm have them in-house? • Should the firm hire some strategic leaders from outside? • How should the firm train its managers to create a pipeline of strategic leaders? Lifted from Strategic Management by Frank Rothaermel, 2017
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