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If you can not compete with strategic plan then compete with the implementation of the plan.
Strategy
Skills
o
o
A single product or single dominant business firm should consider functional structure
A firm with several line of businesses that are somehow related with each others should
employ multi-divisional structure
A firm in several unrelated lines of businesses but want to relate them and unitize them
can be with the strategic business unit (SBU) structure.
A firm with limited resources but want to maximum use of it through ensuring the
highest level of accountability can consider matrix structure.
Style (leadership)
Role of the leader
The CEO act as the symbol of new strategy
CEOs personal vision & strategies influences the firm mission, key objectives, tactics
and strategies.
Apart
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Quality of a leader
Have good education but necessarily need to be literate
Ability to convince people
Have experiences
Tolerance for ambiguity
Good personally and have control over it
Skills (management)
Conceptual skill
Human skill
Technical skill
System (rewarding)
Three strategic issues of organization reward
Timing: when to give reward
Terms: Short or long term
Performance based
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It is backward looking
Focusing on short term means forget the long term gain
Investing in future strategy may bring negative impacts