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How to implement strategy more effectively

Nader Arvand and Mas Bambang Baroto

International Journal of Business Performance Management, 2016, vol. 17, issue 3, 301-320

Abstract: To execute a strategy more effectively, this study develops a model modifying the resource-based 'McKinsey's 7S' through the industrial organisation point of view. To do so, the 'comprehensive strategic management model' and the article on 'how the balanced scorecard complements the McKinsey's 7S model' are employed. The model was tested on a transformer manufacturer, and findings prove that neither viewpoint is independently effective. Indeed, combining both views, this study employs the strategy formulation and management control system to contribute to resolving the most difficult stage of strategic management (implementation).

Keywords: strategy implementation; strategy formulation; McKinsey; 7S; resource based view; RBV; industrial organisations; management control systems; strategic management; balanced scorecard; BSC; transformer manufacturing; manufacturing industry. (search for similar items in EconPapers)
Date: 2016
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Handle: RePEc:ids:ijbpma:v:17:y:2016:i:3:p:301-320