what is strategy implementation

11 months ago 42
Nature

Strategy implementation refers to the process of turning a strategic plan into action

. It involves managing the activities associated with the delivery of a strategic plan, such as building consensus within the team responsible for delivery of the strategy, engaging with stakeholders to confirm strategic outcomes, and converting strategic objectives into clear short-term operating objectives that can be assigned to groups for delivery

. The success of every organization rests on its capacity to implement decisions and execute key processes efficiently, effectively, and consistently

. To implement a new strategy, clear and attainable goals must first be identified, and communication is key to ensure everyone is working towards the same goals

. The strategy implementation process involves several steps, including setting clear goals and defining key variables, identifying potential challenges, and monitoring and evaluating progress