17 Jun STRATEGY IMPLEMENTATION The successful implementation of selected formulated strategies is not without challenges. If you were an experienced strategist for the
7-1. STRATEGY IMPLEMENTATION. The successful implementation of selected formulated strategies is not without challenges. If you were an experienced strategist for the UIW, what five recommendations would you propose to the university president that would help ensure success in implementing the university strategies?
7-2. STRATEGY IMPLEMENTATION. Some head football coaches get paid millions, presumably because there is so much money involved in college football the need to win is paramount. However, head coaches are often fired when a season goes badly, with huge payouts to the coach by contract. How could a head coach’s compensation package be better structured to encourage winning, and at the same time not be so potentially costly to a university?
7-3. EFFECTIVENESS VS. EFFICIENCY. Chapter 7 says strategy formulation focuses on effectiveness, whereas strategy implementation focuses on efficiency. Contrast business effectiveness with business efficiency. Which is more important: effectiveness or efficiency? Give an example of each concept.