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For questions 1 and 2 40 Unit 3 | Strategy Implementation chart. Informal relationships are created because of informal groups existing and operating . company.

For questions 1 and 2

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40 Unit 3 | Strategy Implementation chart. Informal relationships are created because of informal groups existing and operating . "company. The formal pattern of relationship, which is the concern of strategic managers in must be carefully evaluated with important consideration to the chain of command and florent, communication to avoid confusion and misunderstanding. The following are the different organizational structures that influence the pattern relationship of people: 1. Flat structure 2. Functional structure 3. Divisional structure 4. Matrix structure Flat structure. A flat organizational structure of a company exists when there are only few orna layers of management between the managers and employees. It is usually adopted when a company is just starting, or its structure is simple. This structure promotes direct involvement of employer in decision-making, which creates an atmosphere and relationship where they feel that they hats important roles in a company. Functional structure. In a functional structure, a company is divided into small units with specific functions, such as marketing, finance, human resources, and production and operations Employees with common qualifications, skills, and knowledge are grouped together to encourage relationships based on specialty and expertise. Divisional structure. Large companies that operate across geographical areas or worldwide adopt a divisional structure where their business activities are divided according to market, product, service, or region. Each regional division has a complete functional unit that allows autonomy in its operations, functions, and decision-making. Matrix structure. A matrix structure is a hybrid of the functional and divisional structures. With this structure, employees of a company are reporting to two superiors to effectively achieve the goals and objectives of their company. This structure, however, may create confusion as employees are often unable to determine which of their superiors they should report to.Chapter 10 | Strategy Implementation: Corporate Level 139 Implementation connotes action. It involves a series of processes to achieve a particular goal. Any crafted strategy, no matter how excellent it may appear, is meaningless if not implemented. from the perspective of strategic management, the essence of implementation signifies putting "formulated strategy into action. Operationally, strategy implementation refers to activities of Processes which ensure that comprehensive plans formulated at the three levels of management are efficiently executed to achieve the goals and objectives of a company. In strategy implementation, the important guide questions are the following: 1. Who implements the strategy? 2. How is the strategy implemented? UNDERSTANDING A BUSINESS ORGANIZATION The concept and application of strategic management are widely used and observed in businesses. Hence, there is a need to gain a deeper understanding of the nature and operation of a business organization since it is the entity that formulates and implements strategies and makes evaluations for possible improvements. A business organization can be a sole proprietorship, partnership, or corporation. A sole proprietorship is owned by one person, a partnership is owned by two or more partners, and a corporation is organized by at least five, but not more than fifteen persons. A business organization may engage in merchandising, service, or manufacturing. An organization, whether business-oriented or not, is composed of a group of individuals working together for the attainment of specific goals and objectives. It must have the ability to divide activities and, at the same time, coordinate them to facilitate the achievement of its goals and objectives. The ability of a business organization to divide and coordinate its various activities is influenced by the following elements: 1. Patterns of relationship 2. Management control system 3. Leadership style 4. .Reward and career system 5. Corporate governance These factors significantly contribute to the implementation of formulated strategies at different levels. A strategy can be characterized as good, effective, well-defined, and realistic if efficiently and successfully implemented. Strategy implementation facilitates the achievement of company goals and objectives. Patterns of Relationship The organic structure of a company influences the relationship of the people and the offices comprising it. A positive relationship existing in a company contributes to the effective implementation of formulated strategies. On the contrary, an unfavorable pattern of relationship is likely a contributory factor in the poor implementation of strategies. The relationships of the people in a company can either be formal or informal. Formal relationships exist because of the adopted formal structure, which is reflected in an organizationalManagement Control System A management control system is a tool that collects and uses information to assist managements in monitoring and reviewing the activities and performances of different functional units to see if they are directed toward the attainment of goals and objectives of a company. A management Scanned with CamScanner -.super 10 | Strategy Implementation: Corporate Level 141 trol system can be formal or informal and financial or non-financial. An effective management "trol system should be able to collect different kinds of information needed by a management in king economic decisions. It contributes to an effective and efficient implementation of formulated strategies at different levels

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