Meaning and Steps in Implementing a Strategy

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Strategy implementation is defined as the manner in which an organization should develop and utilize organizational structure, control systems, and culture ...   Home Library Marketing StrategicManagement StrategyImplementation-MeaningandStepsinImplementingaStrategy StrategyImplementation-MeaningandStepsinImplementingaStrategy Strategyimplementationisthetranslationofchosenstrategyintoorganizationalactionsoastoachievestrategicgoalsandobjectives.Strategyimplementationisalsodefinedasthemannerinwhichanorganizationshoulddevelop,utilize,andamalgamateorganizationalstructure,controlsystems,andculturetofollowstrategiesthatleadtocompetitiveadvantageandabetterperformance. Organizationalstructureallocatesspecialvaluedevelopingtasksandrolestotheemployeesandstateshowthesetasksandrolescanbecorrelatedsoasmaximizeefficiency,quality,andcustomersatisfaction-thepillarsofcompetitiveadvantage.But,organizationalstructureisnotsufficientinitselftomotivatetheemployees. Anorganizationalcontrolsystemisalsorequired.Thiscontrolsystemequipsmanagerswithmotivationalincentivesforemployeesaswellasfeedbackonemployeesandorganizationalperformance.Organizationalculturereferstothespecializedcollectionofvalues,attitudes,normsandbeliefssharedbyorganizationalmembersandgroups. Followingarethemainstepsinimplementingastrategy: Developinganorganizationhavingpotentialofcarryingoutstrategysuccessfully. Disbursementofabundantresourcestostrategy-essentialactivities. Creatingstrategy-encouragingpolicies. Employingbestpoliciesandprogramsforconstantimprovement. Linkingrewardstructuretoaccomplishmentofresults. Makinguseofstrategicleadership. Excellentlyformulatedstrategieswillfailiftheyarenotproperlyimplemented.Also,itisessentialtonotethatstrategyimplementationisnotpossibleunlessthereisstabilitybetweenstrategyandeachorganizationaldimensionsuchasorganizationalstructure,rewardstructure,resource-allocationprocess,etc. Strategyimplementationposesathreattomanymanagersandemployeesinanorganization.Newpowerrelationshipsarepredictedandachieved.Newgroups(formalaswellasinformal)areformedwhosevalues,attitudes,beliefsandconcernsmaynotbeknown.Withthechangeinpowerandstatusroles,themanagersandemployeesmayemployconfrontationbehaviour. ❮❮   Previous Next   ❯❯  RelatedArticles StrategicManagementProcess EnvironmentalScanning StrategyFormulation StrategyFormulationvsImplementation StrategyEvaluation ViewAllArticles Authorship/Referencing-AbouttheAuthor(s) ThearticleisWrittenBy“PrachiJuneja”andReviewedByManagementStudyGuideContentTeam.MSGContentTeamcomprisesexperiencedFacultyMember,ProfessionalsandSubjectMatterExperts.WeareaISO2001:2015CertifiedEducationProvider.ToKnowmore,clickonAboutUs.Theuseofthismaterialisfreeforlearningandeducationpurpose.Pleasereferenceauthorshipofcontentused,includinglink(s)toManagementStudyGuide.comandthecontentpageurl. StrategicManagement StrategicManagement-Introduction Strategy-DefinitionandFeatures ComponentsofaStrategyStatement Vision&MissionStatements StrategicManagementProcess EnvironmentalScanning StrategyFormulation StrategyImplementation StrategyFormulationvsImplementation StrategyEvaluation StrategicDecisions BenefitsofStrategicManagement BusinessPolicy BCGMatrix SWOTAnalysis SWOTAnalysisofGoogle SWOTAnalysisofStarbucks SWOTAnalysisofBlackberry PersonalSWOTAnalysis SWOTAnalysisofAmazon SWOTAnalysisofIKEA SWOTAnalysisofNike SWOTAnalysisofMicrosoft SWOTAnalysisofChinaMobile CompetitorAnalysis WhatisCompetitiveAdvantage? Human,Social,andIntellectualCapitalasaMeansofCompetitiveAdvantage Porter’sFiveForcesModel BlueOceanStrategyanditsImplicationsforBusinesses OverfishedOceanStrategy:HowtoDriveGrowthandAttainProfitability PortersFiveForcesAnalysisoftheAirlinesIndustryintheUnitedStates PortersFiveForcesAnalysisofSamsung PortersFiveForcesAnalysisofVirginAtlantic PortersFiveForcesAnalysisofChinaMobile StrategicLeadership SomePitfallstobeAvoided CorporateGovernance BusinessEthics SocialResponsibilitiesofManagers CoreCompetencies CoreCompetencyTheoryofStrategy AnsoffMatrix RoutestoStrategicGrowth DiversificationasaViableCorporateStrategy 5ConfigurationsofStrategicManagement RoleofPlanning,PlansandPlanners ReasonsforAvoidingStrategicPlanning StrategicManagementfortheMillennials StrategizingfortheFuture PESTLEAnalysisoftheGlobalAviationIndustry PESTLEAnalysisofStarbucks PESTLEAnalysisofSamsung SWOTAnalysisofUnilever BusinessStrategiestoBeattheDownturn AnalysisofAmazon’sCorporateStrategy HowAmazonCanImproveitsCorporateStrategy CuttingCostsStrategically ActualizingBusinessasUsualStrategiesforMissionCriticalOrganizationsandFunctions WhyIndianFirmsMustStriveforStrategicAutonomyinTheirGeoeconomicStrategies                                           next



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