Strategy Execution Module 15 Levers of Control
Evaluation of Alternatives
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Strategy Execution Module 15 Levers of Control: The Need for Control Every strategy is only as good as the control framework it is embedded in. The most successful companies in the world have a set of simple levers that allow them to control key performance indicators. Let’s dive into this. 1) People Levers: These are the employees who know their jobs well and are accountable for achieving the company’s objectives. These are not just managers, but also people like Sales Reps, Marketing, Finance, H
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Strategy Execution Module 15 Levers of Control This module is designed to help you execute your strategy effectively and efficiently. The Levers of Control are those key actions and resources that enable you to take effective decisions and implement strategic change. When it comes to decision making, every company has its own way. What’s more, every company has its own way of executing the decisions made. The key to success in strategy execution is to create a plan that aligns all the company’s resources with the strategy. To do this, you need to
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– Lever #1: Organizational Alignment – Lever #2: Continuous Improvement – Lever #3: Communication – Lever #4: Shared Purpose – Lever #5: Accountability – Lever #6: Emotional Intelligence – Lever #7: Decision-making Procedures – Lever #8: Accountability – Lever #9: Stakeholder Management – Lever #10: Customer Centricity – Lever #11: In
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“A strategic action plan, or SAP, is a document that outlines what you’re going to do in your business. It provides a framework for decision making and identifies the key stakeholders that are involved in your business plan. redirected here A strategic plan helps you get clarity on what you’re going to do, what your customers are looking for, and who you are competing with. It also helps you understand your business’s competitive advantages, and what you need to do to be successful.” “Leverage. Your business has a set of
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15 Levers of Control is a vital component of a strategic plan. It is about being in control of everything that’s happening in an organization. It is about taking charge of your organization’s fate and success. In this module, we will discuss all the 15 levers of control and the role of each one in the management process. Module Structure The 15 Levers of Control Structure 1. Governance – The power of the CEO or CFO to appoint the board of directors.
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Section VRIO Analysis: Levers of Control In strategy execution, you may find some uncontrollable levers: the unpredictable, the unknown and the uncontrollable. Those levers may lead you down a path of complacency, a path of inaction, a path of failure, and a path of success. In this module, you explore the levers of control that will enable you to get your strategy right. The Levers of Control A strategy is a path that you take, a process by which you move your business