Strategy Implementation is the execution of the various plans and strategies to meet the desired outcomes, including meeting the long-term goals of the organization.
Strategic implementation is the sum total of all the activities and choices required for the execution of a strategic plan.
It is the process by which strategies and policies are put into action through the development of programs, budgets and procedures.
Strategy implementation is the process of allocating resources to support the chosen strategies.
Strategy Implementation:
- requires a firm to establish annual objectives, devise policies, motivate employees, and allocate resources so that formulated strategies can be executed
- often called the action stage
This process includes the various management activities that are necessary to put strategy in motion, institute strategic controls that monitor progress, and ultimately achieve organizational goals.
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