Strategy Implementation - 852 Words

Organizations successful at strategy implementation effectively manage six key supporting factors : 1. Action Planning 2. Organization Structure 3. Human Resources 4. The Annual Business Plan 5. Monitoring and Control 6. Linkage. | | | | Action PlanningFirst, organizations successful at implementing strategy develop detailed action plans... chronological lists of action steps (tactics) which add the necessary detail to their strategies. And assign responsibility to a specific individual for accomplishing each of those action steps. Also, they set a due date and estimate the resources required to accomplish each of their†¦show more content†¦First, consideration of human resources requires that management think about the organizations communication needs. That they articulate the strategies so that those charged with developing the corresponding action steps (tactics) fully understand the strategy theyre to implement.Second, managers successful at implementation are aware of the effects each new strategy will have on their human resource needs. They ask themselves the questions... How much change does this strategy call for? And, How quickly must we provide for that change? And, What are the human resource i mplications of our answers to those two questions? In answering these questions, theyll decide whether to allow time for employees to grow through experience, to introduce training, or to hire new employees.The Annual Business PlanOrganizations successful at implementation are aware of their need to fund their intended strategies. And they begin to think about that necessary financial commitment early in the planning process. First, they ballpark the financial requirements when they first develop their strategy. Later when developing their action plans, they firm up that commitment. As a client of ours explains, they dollarize their strategy. That way, they link their strategic plan to their annual business plan (and their budget). And they eliminate the surprises they might otherwise receive at budgeting time.Monitoring Show MoreRelatedStrategy Implementation Organization Strategy Evaluation1280 Words   |  6 Pagesï  ¶ Strategy Evaluation: Introduction Participants in strategi c evaluation Analysis of External Environment Organization Setting objective (Long Short Term) Strategy Formulation Strategy Implementation Organization Strategy Evaluation Strategy Evaluation: Strategy Evaluation can be defined as a process of determining the effectiveness of a given strategy. Therefore, the purpose of strategy evaluation is to evaluate the effectiveness of a strategy that the organization to achieveRead MoreImplementation Strategies in the Market-Driven Strategy2959 Words   |  12 PagesMARKETING IN THE 21ST CENTURY COMMENTARY Implementation Strategies in the Market-Driven Strategy Era David W. Cravens Texas Christian University The very insightful analysis of marketing strategy implementation by Piercy (1998 [this issue]) points to several key issues concerning the role of marketing in the 21st century. Perhaps most compelling is his assessment of the potential threats to the role of marketing in the organization and implementation in particular. He examines several importantRead MoreProper Strategy Implementation And Evaluation Of Dish Network1386 Words   |  6 PagesThis essay will react to the proper strategy implementation and evaluation that should be adopted by Dish Network. 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