Strategic Implementation of Wal Mart

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Overview of Strategic Management: Strategic management is a level of managerial activity below setting goals and above tactics. Strategic management provides overall direction to the enterprise and is closely related to the field of Organization Studies. In the field of business administration it is useful to talk about "strategic consistency" between the organization and its environment or "strategic consistency." According to Adieu (2007), "there is strategic consistency when the actions of an organization are consistent with the expectations of management, and these in turn are with the market and the context." Strategic management includes the management team and possibly the Board of Directors and other stakeholders. "Strategic…show more content…
Given below in sequential manner the issues in strategy implementation which are to be considered? * Project implementation * Procedural implementation * Resource allocation * Structural implementation * Functional implementation * Behavioural implementation Organization and strategy Implementation: Changes in strategy often require changes in the way an organization is structured for 2 major reasons: a. Stricture largely dictates how objectives and policies will be established. b. Structure dictates how resources will be allocated. Structure undeniably can and does influence strategy. A more important concern is determining what types of structural changes are needed to implement. Seven basic types of organizational structure: 1. The Functional Structure: Functional structure is widely used because of its simplicity and low cost. A functional structure groups tasks and activities by business function. Disadvantages of a functional structure are that it forces accountability to the top, minimizes career development opportunities, etc. The functional structure consists of a chief executive officer or a managing director and limited corporate staff with functional line managers in dominant functions such as production, accounting, marketing, R&D, engineering
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