Strategy Implementation - Explained
What is the Strategy Implementation Phase
Written by J. Mance Gordon
Updated at April 21st, 2024
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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.
Approaches to Strategy Implementation
- Eclectic Implementation Model
- Mintzberg's Modes of Strategic Decision-Making
- Mintzberg's Five Configurations
- Value Engineering
Related Topics
- How Strategies Arise
- Intended, Deliberate, Realized, and Emergent Strategies
- Management and Strategic Planning
- Mintzberg's Schools of Strategic Development
- Design School
- Planning School
- Positioning School
- Entrepreneurial School
- Cognitive School
- Learning School
- Power School
- Culture School
- Environmental School
- Configuration School
- Mintzberg's 5Ps of Strategy
- McKinseys 7s Model
- ***Industry Analysis to Build a Strategy***
- Strategic Analysis
- SWOT Analysis
- SPACE Analysis
- Situational Analysis - 7C
- Competition Profile Matrix
- Stakeholder Analysis
- Stakeholder Mapping
- Resources and Capabilities
- VMOST
- Core Competency
- VRIO Analysis
- Value Chain Analysis
- Internal Factor Analysis
- Value Creation Index
- Minimum Efficient Scale
- PEST(LE) Analysis
- Industry Lifecycle Analysis
- Company Lifecycle - Definition
- Porter's Five Forces
- Modes of Management
- External Factor Evaluation
- Business Performance Measurement
- Benchmarking
- Balanced Scorecard
- Economic Value Added
- Activity-Based Management
- Quality Management
- Action Profit Linkage Model
- Business Activity Monitoring
- Gap Analysis
- Strategy Diamond
- BCG Growth-Share Matrix
- GE McKinsey Matrix
- Value Reporting Framework
- Pyrrhic Victory