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Key success factors for strategy implementation in Latin America
Presenter: Caine ChenInstructor: Dr. Pi-Ying Teresa HsuDate: May 12, 2015
research writing and publishing
Citation
Brenes, E. R., Mena, M., & Molina, G. E. (2008). Key success factors for strategy implementation in Latin America. Journal of Business Research, 61(6), 590–598.
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Content
A. IntroductionB. Literature Review C. MethodD. ResultE. SuggestionF. Reflection
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Introduction
1. Background2. Purpose of the study3. Research Questions
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Introduction
Growing competition among Latin American companies, both at local and international levels, leads to increased interest in establishing processes aimed at reviewing their business strategies. (Govindaran & Gupta, 2001)
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Background
Introduction
(1)Focusing on local business(2)Based on empirical data about company
performance in terms of strategy formulation and implementation
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Purpose key success factors
Introduction
1. How important is the role of the CEO and management actors?
2. Do firms prioritize actions prior to implementing strategy?
3. Are control and follow-up tools valued?4. How is a successful strategy implementation
ensured?
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Research Question
Literature Review
1. five dimensions2. most successful and less
successful
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five dimensions
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most successful and less successful
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relies on a subjective measure attained in implementing the business
most successful
responding with 4 or 5 in the Lykert scale
less successful
the rest
Methodology
1. Participants2. Instrumentation
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participants and sampling
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Participants company size
mail to 300 companies
all over Latin America
1.family business firms2.private firms3.state-owned firms4.firms with local and multinational scope
based on a Lykert-type scale (1 through 5, going from very low, low, middle, high, and very high,) to measure the effect of the components indicated and to evaluate the perception about the degree of success in implementing business strategy.
Instruments
Discussion of results
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Discussion of results
Conclutions
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(1)How important is the role of the CEO and management actors?
(2)Do firms prioritize actions prior to implementing strategy?
Deeply con-cern
Yes
Conclutions
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(3)Are control and follow-up tools valued?
(4)How is a successful strategy implementation ensured?
Deeply concern
Focusing their resources
Suggestions
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1. ..results suggest that the original hypothesis is supported regarding the significance of these five dimensions..
2. ..the study provides data to establish the appropriate order of importance for the components in each dimension..
Reflections
Future research in this field could aim at comparing, through the use of the same conceptual framework (or a similar one), the behavior of companies located in other areas of the emerging world.
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Thank you
Every day the people I meet inspire me.
Every day they make me proud.
research writing and publishing
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(Michelle Obama)