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Strategic Management | MGTN12B - AY2425 2nd Semester (Besana, Teodora )

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Strategic implementation is involved with making detailed decisions regarding two key aspects of strategy relating to resources and change.

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Because they often sustain a company by extending or expanding its product line or manufacturing skills, incremental innovations can be a source of competitive advantage by providing new capabilities that minimize expenses or speed productivity.

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Radical innovations produce fundamental changes by evoking major departures from existing practices usually because of technological change.

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__________ refers to efforts to create product designs and applications of technology to develop new products for end users.

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_______ is typically associated with improving the efficiency of an organizational process, especially manufacturing systems and operations.

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________ are those that overturn markets by providing an altogether new approach to meeting new customer needs.

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seek to guide employee behavior by defining expected results but leave the means to those results open to individual employee, groups, or SBUs.

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seek to define and direct employee behavior through a set of explicit, codified rules and standard operating procedures.

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One disadvantage of matrix structure is that two layers of organizational structure create multiple principal-agent relationships.

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_______ are flat hierarchies operated in a decentralized fashion used by small firms with low organizational complexity.

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