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What is the Strategy Implementation Process?

Discuss the Strategy Implementation Process.

Answers

Maurice
a) The first phase is the alignment of initiatives. A new strategy in an organization must be supported by new priorities and activities to support its successful implementation. All initiatives must be therefore measured and analyzed against their strategic value and impact to the organization.

b) The next phase is the alignment of budgets and performance. All departments within the firm must allocate and manage their budgets to deliver the strategic initiative. Organizational performance should be closely aligned to strategy.

c) The third phase of strategy implementation is harmonization of structure and strategy. A transformational strategy will require transformation to the firm’s structure. The structure of the firm should allow strategy to cascade across and down the firm so as to efficiently deliver the strategy.

d)The next phase is the engagement of staff so that they can get behind it for successful strategy implementation.

e)The final phase of strategy implementation is monitoring and adaptation. Since change is a constant in all businesses, strategies must be adaptable and flexible. Strategies must be reviewed regularly to assess priorities, actions and performance.
maurice.mutuku answered the question on April 16, 2019 at 14:02

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