Strategic Management
PART 2
Chapter 10 describes EIGHT major components of planning and effectively executing strategy or a strategic change. Your team is to consider these eight components with respect to Jakks and their strategic change initiative and to chose which FOUR you believe are most critical to this change being successful. You then will relate each functional area to these four priority change elements.
Your team report will address the tasks/questions below. Organize the Team report using these headings:
- The four priority implementation components (see item #1 below)
III. Functional implications (see item #2 below)
- Team process and participation (item 3 below)
- Prioritize the top four components you believe are most critical for Jakks success. Simply provide a list of these four components with a brief description relating it to the Jakks strategic change.
A hypothetical Example (NOT relevant to the case):
- Building the organization: Jakks will need to develop a competent Franchise management department to implement their new business model
This effort requires some discussion of the implications of this change within and across functional areas. (* Don’t just leave PART 1 of this project once you’ve submitted it. You are still in the role of functional VPs). One or more specific components may only be relevant to a needed major change in one functional area. That’s okay! Implementation efforts do not have to be equal across all areas or be company-wide.
- For EACH of your four priority components:
- Describe what needs to be done (not how to do it) and WHY this is important for the success of this strategic change.
- Name each functional department involved in this implementation component and how they are affected/involved.
