Strategy Implementation
Implementation of a strategy is concerned with key decisions that need to be made by managers and provision of necessary facilities if the strategic choices made are to be put into effect or operationalised.
An organisation may use the following methods to implement its strategies.
• Adequate allocation of resources (both human and physical to business units/departments concerned)
• Effective organisational structure to facilitate co-ordination and control
• Strong managerial leadership (adequate authority and power)
• Effective communication to employees on the procedures required to implement the strategy.
• Effective monitoring system budgetary controls
• Effective recruitment and staff training and development i.e. the organisation should hire highly qualified personnel and equip them with the training needed for effective implementation of strategy.
• Strong positive organisational and individual values (culture). This will create the strong will for the pursuit of goals an objective.
• Employee motivation through financial and non-financial reward.