Vision barrier: It is the phase in which management aligns strategic leadership, organisational culture, organisational structures, reward Developing an appropriate vision or strategic direction for the organisation in which as many stakeholders as possible have. To work towards accomplishing an organizational goal. (12) [B1.2-Jun12 + B2.1-Jun09], Identify five (5) guidelines for aligning reward systems with strategy. Question 5 - Explain why organisational culture is an important driver for strategy implementation. Structure is therefore a determinant of strategy and not the other way round - i.e. Designing appropriate reward systems and organisational structures together with top management. Golden handcuffs refers to the deferred cash bonuses of annual instalments, or compensation is forfeited before the period. ii. Golden parachute is used to retain talented executives by retaining a substantial cash bonus regardless of organisation’s Manipulation and cooptation: manipulation is an attempt to influence or force people into accepting the necessity for change; Choose your answer to the question and click 'Continue' to see how you did. A change in strategy often necessitates a change in the way resources are allocated. (5) Search Strategy Quiz: Right Search Terms Test. (10) [B1.1-Jun14]. The organisational structure must however never dictate the strategy to be followed. cooptation involves the “buying-off” of informal leaders by giving them personal rewards to accept and promote change. d. Unclear accountability for implementation actions and initiatives. Question 4 - Explain how functional tactics differ from corporate and business strategies. [B2.1-Jun14 + B2.3-Nov13 + Q4-Nov12 + B3.2-Jun09 + SG-p99]. Cash bonuses are used to reward only executives and the top management team by calculating measures such as return on As plans themselves may be obsolete by the time a strategic plan is implemented. way wok is performed, recognition of job dedication and recognition of results. Simple, entrepreneurial organisations use a high level of mutual adjustment. a. horizontal interaction refers to recognition between peers and team members. Leadership and management development, and organizational strategies, Contextual factors in leadership and management development, The history of leadership and management development. used as checkpoints for operational and strategic control. 1) Organisational culture affects the way people in an organisation make decisions, think, feel and act in response to opportunities Negotiation and agreement: is normally linked to incentives and rewards. receive this remuneration, and this should be put to shareholder vote. Explain how budgets can be used to implement the chosen strategy. The balanced scorecard sets objectives, measures targets and initiatives for four organisational areas based on the vision or a. Through this process organisations integrate their strategic planning and budgeting processes. g. Inadequate rewards. d. Feedback and learning dutifully performing assigned tasks. Short term goals must be All rights reserved. Direct supervision typically flows from the top, down the organisational hierarchy. b. What is an advantage of employee referrals? Choose your answer to the question and click 'Continue' to see how you did. You will get 1 point for every correct answer. Discuss corporate governance and leadership in the light of the King II Report. These sample questions and answers help to reinforce your learning and act as a revision tool. King lll has developed recommendations regarding executive reward and compensation, namely: a. 6) Reshaping culture to fit with strategy is a challenge and often managers or leaders will either manage around culture or change i. i was searching some past questions for my exams. This is where one person is responsible for coordinating the work of others and for giving others orders and instructions. Example of behaviours that become accepted on the basis of the values and underlying assumptions, include working Growth strategy, leaders pay attention to managing relationships, inspiring people and communicate the goals and, Corporate Combination strategy, require leaders who can integrate different cultures and values systems. Below are the matching leadership styles with the chosen strategy. human resources management. f. Capability: Do the organisation’s employees and managers have the capabilities to implement change? Carmichael, Collins, Emsell, and Haydon: Leadership and Management Development, Suggested answers for the reflection points, Suggested answers for the discussion questions. In an organisation, recognition is expressed through various types of interaction. staff, specialists in legal, tax, press and public relations and so on. 2) This means that organisational culture is a pervasive, unseen aspect that influences and often reinforces certain kinds of When you have completed the free practice test, click 'View Results' to see your results. Ans. the strategy. Cindi is the newly appointed head of the accounting department. A tight fit is required between an organisation's structure and chosen strategy and changes to its structure may be required to Explain how organisational structures evolve over time. (5) [B1.3-Nov13 + B1.4-Nov12]. Which of these describes the purpose of planning? Question 4 - Discuss the six basic coordinating mechanisms of organisational design. Question 5 - Explain the role of policies in strategy implementation. BUSINESS POLICY AND STRATEGIC MANAGEMENT Assignment : 1 ( 5 x 6 = 30 Marks) Answer all the Questions All Questions Carry Equal Marks share price is low. - Discuss the components of the modified McKinsey 7-S framework. (5) [A4-Nov13]. executed in such a way that the objectives of the strategic plan are achieved. What is a sentence that is used to cushion bad news in a negative message? Question 9 - Describe the components of organisational architecture. Reward systems affect the kinds of norms, values and culture that develop in an organisation. Values are the 2nd level and represent a sense of “what ought to be”/ [B2.3-Jun14 + B3.1-Jun12 + A3-Jun09 + SG-p110]. (5) [A2-Jun13 + B2.1-Nov11]. i. ii. o Functional (6) [B1.3-Nov12 + B1.1-Nov10]. formulation process. Then click 'Next Question' to answer the next question. Leaders are not only a driving force behind the strategy implementation initiative but they also need to perform certain tasks and take 5) If organisation culture is not aligned, the issue becomes how to manage the fit between strategy and culture. Other reasons why strategy implementation fail may include: The four types of strategic change that can be identified are: Some of the strategic issues that must be managed and taken into consideration are:: Inspiring and motivating employees to achieve the strategic goals of the organisation. Moreover even if they are the leading competitor the disruption may come not from the competitors in the same industry, Especially in BSG Quiz 2, the answers will need to be solved using basic business knowledge. strategy. Which one below is not one of those factors: Porter’s five forces discusses the forces in the environment that has influence on a company they are: Suppliers, Competitors, Customers, New Entrants and __________________? Ensures that the long term strategy is clearly understood by the entire organisation through communicating and b. a drastic increase in the level of prices for goods and services, while the purchasing power of consumers increases, a drastic increase in the level of prices for goods and services, while the purchasing power of consumers stays constant, the rate at which the general level of prices for goods and services rises, while the purchasing power of consumers increases, the rate at which the general level of prices for goods and services rises, while the purchasing power of consumers falls.