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.

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(Michelle Obama)