MGTS3301 Lecture Notes - Lecture 8: Financial Statement, Rolfing, Business Alliance
Document Summary
Week 8 strategy implementation: organisational structure and controls. Organisational structure and controls provide the framework within which strategies (business, corporate, international and cooperative) are used: no single structure is the best for all organisations. The choice of structure and controls should support the strategic goals of the firm. Structure will change as the strategy of the organisation changes. Effective strategic leadership means selecting the appropriate structure. 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 firm"s strategy or strategies. Is the pivotal component of effective strategy implementation. It is critical to match organisational structure to a firm"s strategy: a firm"s strategy is supported when its structure is properly aligned to its strategy. The opportunity to explore competitive consistently and predictably manage its advantages a firm will need to be daily work routines. successful in the future.
