Matrix Organizational Structure
In the matrix structure, project managers are assigned to a variety of projects — rather than a single one — whose activities cut across traditional departments. Matrix structure is simply…
Issues in Strategy Implementation
The successful implementation of strategy requires an effective organization. People working within a firm should know how their actions interrelate with the actions of others to support and execute the…
What is Strategy Gap Analysis? Types: Management, Process, Technology System-induced Gaps
Long-term goals and detailed, short-term budgets, with nothing to link the two together. Does this organization sound familiar? Whatever the answer, most business professionals understand that achieving a long-term goal…
Information and Control System
Information and Control System Information and controls are to be an integral part of any organization’s functional-level strategies. The information system of the organization should be up to date as…
Functional Structure in Functional Level Strategy Formulation
Functional structure in the Functional level strategy formulation is most often called structural design. In a functional structure, teams or groups are created based on common functions in a bottom-up…
Role of Leaders in Functional-Level Strategic Management
With the global economic downturn and tighter market competition, business leaders must develop innovative strategies that will keep their organizations profitable and sometimes survive. To successfully implement their strategies, CEOs…
Resources and Capabilities of Organization
Resources of the Firm It is important to distinguish between the resources and the capabilities of the firm: resources are the productive assets owned by the firm; capabilities are what…
What is Corporate Restructuring Strategy? Meaning, Methods, Purpose, Characteristics
What is Corporate 8Restructuring Strategy? Corporate restructuring is one of the most complex and fundamental phenomena that management confronts. Each company has two opposite strategies from which to choose: to…
What is Diversification Strategy?
Diversification Strategy A single-product strategy is always a risky one. Because the firm has staked its survival on a single product (or a small basket of products like Colgate) the…
What is Strategic Management Process?
Strategic management process is a method by which managers conceive of and implement a strategy that can lead to sustainable competitive advantage. It is the process of managing, planning, and analyzing in order to reach all organizational goals.
