strategy implementation中文Strategy implementation and controlStrategic implementation for actionStrategy implementation definition by authorsStrategy implementation processStrategy implementation notes

What is Strategy Implementation? definition and process

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Definition: Strategy Implementation refers to the execution of the plans and strategies, so as to accomplish the long-term goals of the organization. SkiptomaincontentSkiptoprimarysidebarDefinition:StrategyImplementationreferstotheexecutionoftheplansandstrategies,soastoaccomplishthelong-termgoalsoftheorganization.Itconvertstheoptedstrategyintothemovesandactionsoftheorganisationtoachievetheobjectives. Simplyput,strategyimplementationisthetechniquethroughwhichthefirmdevelops,utilisesandintegratesitsstructure,culture,resources,peopleandcontrolsystemtofollowthestrategiestohavetheedgeoverothercompetitorsinthemarket. StrategyImplementationisthefourthstageoftheStrategicManagementprocess,theotherthreebeingadeterminationofstrategicmission,visionandobjectives,environmentalandorganisationalanalysis,andformulatingthestrategy.ItisfollowedbyStrategicEvaluationandControl. ProcessofStrategyImplementation Buildinganorganization,thatpossessthecapabilitytoputthestrategiesintoactionsuccessfully. Supplyingresources,insufficientquantity,tostrategy-essentialactivities. Developingpolicieswhichencouragestrategy. Suchpoliciesandprogramsareemployedwhichhelpsincontinuousimprovement. Combiningtherewardstructure,forachievingtheresults. Usingstrategicleadership. Theprocessofstrategyimplementationhasanimportantroletoplayinthecompany’ssuccess.Theprocesstakesplacesafterenvironmentalscanning,SWOTanalysesandascertainingthestrategicissues. PrerequisitesofStrategyImplementation InstitutionalizationofStrategy:Firstofallthestrategyistobeinstitutionalized,inthesensethattheonewhoframeditshouldpromoteordefenditinfrontofthemembers,becauseitmaybeundermined. Developingproperorganizationalclimate:Organizationalclimateimpliesthecomponentsoftheinternalenvironment,thatincludesthecooperation,developmentofpersonnel, thedegreeofcommitmentanddetermination,efficiency,etc.,whichconvertsthepurposeintoresults. Formulationofoperatingplans:Operatingplansreferstotheactionplans,decisionsandtheprograms,thattakeplaceregularly,indifferentpartsofthecompany.Iftheyareframedtoindicatetheproposedstrategicresults,theyassistinattainingtheobjectivesoftheorganizationbyconcentratingonthefactorswhicharesignificant. Developingproperorganisationalstructure:Organizationstructureimpliesthewayinwhichdifferentpartsoftheorganisationarelinkedtogether.Ithighlightstherelationshipsbetweenvariousdesignations,positionsandroles.Toimplementastrategy,thestructureistobedesignedaspertherequirementsofthestrategy. PeriodicReviewofStrategy:Reviewofthestrategyistobetakenatregularintervalssoastoidentifywhetherthestrategysoimplementedisrelevanttothepurposeoftheorganisation.Astheorganizationoperatesinadynamicenvironment,whichmaychangeanytime,soitisessentialtotakeareview,toknowifitcanfulfiltheneedsoftheorganization. Eventhebest-formulatedstrategiesfailiftheyarenotimplementedinanappropriatemanner.Further,itshouldbekeptinmindthat,ifthereisanalignmentbetweenstrategyandotherelementslikeresourceallocation,organizationalstructure,workclimate,culture,processandrewardstructure,thenonlytheeffectiveimplementationispossible. AspectsofStrategyImplementation Creatingbudgetswhichprovidesufficientresourcestothoseactivitieswhicharerelevanttothestrategicsuccessofthebusiness. Supplyingtheorganizationwithskilledandexperiencedstaff. Conformingthatthepoliciesandproceduresoftheorganisationassistinthesuccessfulexecutionofthestrategies. Leadingpracticesaretobeemployedforcarryingoutkeybusinessfunctions. Settingupaninformationandcommunicationsystem,thatfacilitatetheworkforceoftheorganisation,toperformtheirroleseffectively. Developingafavourableworkclimateandculture,forproperimplementationofthestrategy. Strategyimplementationisthetime-takingpartoftheoverallprocess,asitputstheformulatedplansintoactionsanddesiredresults. Relatedterms: StrategyFormulation Pause/ProceedwithCautionStrategy StrategicManagement BusinessStrategy StrategicHumanResourceManagementProcess ReaderInteractionsComments itisveryrelevantandeasyaccessible.iwanttosaythankyou Reply Iunderstandingitmakesitsimple. Thankyou. Reply Veryeaslyaccessible Reply Ienjoyedreadingyourarticle.Pleasemakemoreinterestingtopicslikethison. I’llcomebackformore🙂 Reply Veryeasytounderstandagreatjobthanks. Reply BenefitedinclearunderstandingoftheTopic. Reply Preciseandclear Reply Thisisaveryinterestingexplanationanditisveryfruitfullytoeveryonewhointerestingthesesubjectareas Reply Simpleandpractical!AsEinsteinsaysoneshoulddeeplyunderstandthetopics/heistalkingaboutinordertobeabletomakeitsimple!Sincerethanks! Reply Verybriefandcanbeunderstoodeasily Reply Goodpost.Brilliant,I’veenjoyedreadingthethearticle.Itisspoton Reply Awesome.Wellarticulated.Ienjoyedreadinit.Bravo Reply Wellexplained.Ienjoyed Reply Clearandconcise Greateffort..worthreading! 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