While companies must tailor their strategy-executing approaches to their particular situation, there are eight managerial tasks which are common elements in executing strategies. Review the eight components of strategy execution and develop a PowerPoint presentation which applies each of these components to an organization of your choice. Include at least three visual elements such as charts or graphs to complement your presentation.
- Consider the following while developing your PowerPoint presentation:
- Discuss what is involved in performing the eight key managerial tasks that shape the process of implementing and executing strategy.
- Explore building resource strengths and organizational capabilities including: marshaling resources, instituting strategy-facilitating policies and procedures, adopting best practices, installing operating systems, and tying rewards to the achievement of good results.
Explain what role a company's culture plays in executing these managerial tasks.