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Strategy Implementation Analysis

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In a globalized world where information and data are available to anyone at any time, every business is subject to the same conditions, opportunities, and challenges when it comes to developing a competitive strategy. Yet, when the time comes for companies to actually put their strategies into practice, those that possess the ability to execute them effectively and sustainably are at an advantage. The key to success is therefore not only how a strategy is devised, but also how it is actually executed. Besides addressing the challenges associated with strategy development, discussions in recent years are increasingly dealing with problems of strategy execution. According to a study published in the Harvard Business Review, companies realize …show more content…
So, that raises the question of how senior management can link these two processes in order to ensure complete and effective strategy implementation. To answer that question, we need to find out what is missing between the steps of development and execution and what needs to be done to close this gap. While strategy is typically formulated by senior management, implementation is the responsibility of downstream supervisors and their staff. The result of this division of labor is that those employees who have to put the strategy into practice on the job often do not understand how exactly they can contribute to its implementation. To close the gap between formulation and implementation, senior management must ensure that strategy execution is integrated into the daily activities of every single employee. Consequently, the entire organization needs to focus on …show more content…
This therefore mobilizes and motivates the entire organization, and ensures that all employees know how their individual performance can help make the company successful. In this way, each employee concentrates on implementing the strategy. Strategy execution becomes everyone’s everyday job.
STEP 3: IMPLEMENTATION - Successful implementation requires continuous monitoring and early response when activities get off-target. The only way to ensure accuracy in achieving the designated goals is to first define objective metrics with the aid of which the respective degree of accuracy can be continuously calculated. That’s why strategy operationalization as described above is an absolute prerequisite for successful execution.
Monitoring Implementation – The company requires an activity-based system of monitoring that clearly indicates the level of execution and the success achieved through the measures and actions being taken at every level of the company. This operational transparency enables senior managers, supervisors, and their staff to detect deviations from the plan at any time, at every corporate level, and in every

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