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Ch 71 Chapter 7 Implementing Strategies: Management amp。 Operations Issues Strategic Management: Concepts amp。 Cases Fred David Copyright 2022 Prentice Hall Ch 72 Chapter Outline The Nature of Strategy Implementation Annual Objectives Policies Copyright 2022 Prentice Hall Ch 73 Chapter Outline (cont’d) Resource Allocation Managing Conflict Matching Structure with Strategy Copyright 2022 Prentice Hall Ch 74 Chapter Outline (cont’d) Restructuring, Reengineering amp。 EEngineering Linking Performance amp。 Pay to Strategies Managing Resistance to Change Copyright 2022 Prentice Hall Ch 75 Chapter Outline (cont’d) Managing the Natural Environment Creating a StrategySupportive Culture Production/Operations Concerns When Implementing Strategies Copyright 2022 Prentice Hall Ch 76 Chapter Outline (cont’d) Human Resource Concerns When Implementing Strategies Copyright 2022 Prentice Hall Ch 77 The Nature of Strategy Implementation ? The strategic management process does not end when the firm decides what strategy or strategies to pursue. ? There must be a translation of strategic thought into strategic action ? Even the most technically perfect strategic plan will serve little purpose if it is not implemented ? Implementing strategy affects an anization from top to bottom Copyright 2022 Prentice Hall Ch 78 ? Formulation positions forces before the action ? Implementation manages forces during the action Nature of Strategy Implementation Formulation vs. Implementation Copyright 2022 Prentice Hall Ch 79 ? Formulation focuses on effectiveness ? Implementation focuses on efficiency Nature of Strategy Implementation Formulation vs. Implementation Copyright 2022 Prentice Hall Ch 710 ? Formulation pr