Strategy Implementation - Explained
What is the Strategy Implementation Phase
- Marketing, Advertising, Sales & PR
- Accounting, Taxation, and Reporting
- Professionalism & Career Development
-
Law, Transactions, & Risk Management
Government, Legal System, Administrative Law, & Constitutional Law Legal Disputes - Civil & Criminal Law Agency Law HR, Employment, Labor, & Discrimination Business Entities, Corporate Governance & Ownership Business Transactions, Antitrust, & Securities Law Real Estate, Personal, & Intellectual Property Commercial Law: Contract, Payments, Security Interests, & Bankruptcy Consumer Protection Insurance & Risk Management Immigration Law Environmental Protection Law Inheritance, Estates, and Trusts
- Business Management & Operations
- Economics, Finance, & Analytics
- Courses
What is Strategy Implementation?
Implementation is one of the recognized phases of strategic management. A strategy must be implemented by a firm before it can have an effect of firm performance.
Four strategic factors influence firm performance:
- Direction: Strategy formation is developing a clear strategic direction
- Efficiency: establishing a fast and effective organization
- Adaptability: developing an adaptive culture
- Focus: Shifting from focus on customer and cost reduction to the broad picture
Efficiency, adaptability, and focus all relate to strategy implementation.
Back to: STRATEGY & PLANNING