How to implement strategy more effectively

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).