What does the article say is the most common reason why implementation of strategies are unsuccessful?
Employees and managers do not fully understand the strategy
What does the article say the lack of understanding by employees and managers may be link to?
Lack of effective communication / Lack of ownership / Overwhelming plan
The article says in order to achieve strategic initiatives, organisations must reduce _____________ and increase their _________________
operational work and activities (projects)
What 3 actions did the author suggest an organisation needs to enforce in order to avoid difficulties executing their strategy?
Align organisation structure with changing reality / Introduce governance of strategy / Improve company - wide focus
What year was Alfred Chandler's book 'Strategy and Structure' published?
1962
What do the 3 letters in KPI stand for?
Key Performance Indicators
What is the 'Silo Mentality' discussed in the article?
Departments working separately from others, unwilling to share information or support other teams (KPIs might be at odds with others) - separate 'Kingdoms'
Strategic Projects - like expanding a business into a new country are rarely cross - departmental? TRUE or FALSE
FALSE. They will almost always require most departments (HR / ACCOUNTS / SALES etc) to be involved due to the size and scale of the project.
Each department (HR / ACCOUNTS / SALES...) will tend to focus on their individual objectives within a Strategic Plan, therefore, a business must have the right......
Governing Structure
One of the main hindrances for companies achieving their strategies is a lack of.......
Focus
Researchers at Harvard Uni showed that on average at any point 85% of the population is unfocused. TRUE or FALSE
FALSE - It was 50% - Still not great :)
In 1997 Steve Jobs cancelled ________________ projects at Apple, because he thought the company was too unfocused.
300
If a business or organisation has loads of projects happening, this is evidence that it is very productive and focused on the strategic plan. TRUE or FALSE
FALSE - it would more likely prove the opposite.
Who is this cute little person?
Selena Gomez
Who is this little one?
Hugh Jackman
Name the celebrity baby.
Beyonce
