Strategy Implementation
Strategy Implementation
STRATEGY IMPLEMENTATION
Strategy implementation is the sum total of the activities and choices required for the execution of a
strategic plan. It is the process by which objectives, strategies, and policies are put into action
through the development of programs, budgets, and procedures. In a simple way, strategy
implementation can be defined as a process through which a chosen strategy is put into action.
Steiner, Miner and Gray have defined strategic implementation as “Implementation of strategies is
concerned with the design and management of systems to achieve the best integration of people,
structure, processes and resources in reaching organizational purposes”.
The characteristics described below highlight the essential nature of Strategy Implementation:
1. Action Oriented: It implies that a strategy should be actionable. A strategy is made
actionable with the help of different management processes, such as – planning and
organizing. The role of management is not just restricted to formulating the plans, but also
extends to converting these plans into actions.
2. Varied Skills: It implies that strategy implementation involves wide-ranging skills. In an
organization, vast knowledge, attitude, and abilities are required to implement a strategy.
These skills help in allocating resources, designing structures, and formulating policies.
3. Wide Involvement: It means that strategy implementation requires the participation of the
top, middle, and lower level management. The top management must clearly communicate
the strategy, which needs to be implemented, to the middle management. You should note
that the middle management plays an active role in strategy implementation.
4. Comprehensive in Scope: It involves a range of managerial and administrative activities.
In simpler words, any managerial action can be a part of the strategy implementation
process because of its wide scope. For example, implementing a marketing strategy may
involve preparing marketing budget, conducting market research, developing advertising
and promotional plan, conducting test marketing, launching product, and collecting
customers’ feedback.
5. Integrated Process: It refers to the fact that different activities in the strategy
implementation process are interdependent. Therefore, strategy implementation is an
integrated and holistic process. For example, different activities of a promotional strategy
of an organization are interrelated; therefore one needs to be executed in accordance with
other activities.
The success of your strategy implementation depends on many factors. The most
important are: good teamwork and communication, proper planning and
management system, availability of resources, and the organization's culture,
vision, values, and structure. Let's look at these five factors in more detail.
1. Good Teamwork And Communication - Teamwork and communication are
essential to exemplary strategy implementation. When team members are not on
the same page, or if they're not communicating effectively, it can lead to
confusion and frustration. This can make it difficult for them to work together
effectively, which impacts productivity and morale. Team members need to be
able to communicate what needs to be done and how they will do it. They must
also understand their roles and how their actions affect other team members'
roles. If there's confusion about these issues, it puts the whole project at risk of
failure or poor execution. Good teamwork also means knowing how each
member contributes to the success of the team as a whole and appreciating each
person's unique strengths. This helps everyone feel valued and motivated, which
boosts productivity even further!
2. Proper Planning And Management System- A proper planning and
management system is needed in strategy implementation because it helps to
determine how to execute the plans, perform activities, and monitor for results . It
also helps in achieving the strategic goals and objectives of the organization.
Also, it provides a framework for decision-making on managing resources and
processes to achieve business objectives. This factor can help ensure that all
departments work together towards organizational goals. It will also ensure that
everyone knows his/her role in helping achieve organizational goals and
objectives. Strategy implementation requires teamwork among employees from
different departments to work together toward achieving organizational goals
and objectives. This can be achieved by having proper planning and management
system, ensuring everyone knows their role and responsibilities towards
achieving organizational goals and objectives.
3. Availability of Resources -To successfully implement a strategy, you must
have the resources available. If you don't have the necessary resources to
implement your system, then it's pretty much impossible. Resources include
money, equipment, people, and time. If you don't have enough of those things,
your business will be in trouble and unable to compete with other companies that
do have the resources they need. It's important to note that you may not always
have these resources at once. For example: if your business is still small, then
there may not be enough money available for everyone who works there, and
therefore, some of them might have to work part-time or full-time jobs
elsewhere. Until enough funds are available for everyone to work full-time at
your company instead (or until more customers start coming through the door).
4. The Organization's Culture, Vision, And Values - An organization's culture
is a huge factor in strategy implementation success. It's a huge factor because it
influences how people feel about the company, their role, and what they believe
they should be doing. If employees don't buy into the company's culture, vision,
and values, they cannot work together as a team successfully. A company that
wants to be successful must have a clear idea of its culture, vi sion, and values so
that everyone knows its role within that framework. This can be done through
meetings where leaders talk about what it means to be part of this team and how
each individual fits into it.
5. Structure Of The Organization - The organization's structure is one of the
factors that support strategy implementation. The structure of an organization
can be defined as its arrangement of management functions, lines of authority,
and reporting relationships. The structure must be in place so that employees
know who has what responsibility, their tasks, and how to get them done. This
allows for efficient use of time and resources within an organization by enabling
employees to focus on their designated roles instead of figuring out where they
fit within the company. The structure should also be flexible enough to adjust
when necessary. To do this efficiently and effectively, there must be a clear
understanding between employees about how they should interact with each
other as well as how they should deal with outside stakeholders such as clients or
suppliers.
Strategy implementation is a process that takes time and effort to get right. To ensure
that you have a successful strategy implementation, you need to follow these eight
steps:
Step 1. Identify The Goals And Objectives Of Your Strategy
The first step in implementing a strategy is identifying what you are trying to achieve.
For example, if you want to increase sales by 10% over the next three months, you will
want to ensure that your strategy will help you reach that goal. You can use the SMART
approach when writing down your goals. This stands for Specific, Measurable,
Attainable, Relevant, Timeline-based, and Time-Bound. If you are going to use this
approach, then you should be able to measure how much of an impact your strategy will
have on reaching these goals by implementing it.
Step 5. Create A Detailed Plan For How To Get From Where You Are Now To
Where You Want To Be In The Future (The Goal)
Creating a detailed plan for how to get from where you are now to where you want to be
in the future is an essential step in strategy implementation. The plan should be specific
and include concrete action steps and a timeline for when each step will happen and
what resources will be needed. If any obstacles or potential issues may occur along the
way, it is best to address them before beginning the plan so that they do not become
roadblocks later.
Step 6. Implement Your Plan
Now that you've completed your strategy and action plan, it's time to start executing it.
If you want to get the most out of the process, ensure you clearly understand how to put
your ideas into practice and how long it will take. It can be helpful to break down the
implementation into several smaller steps so that it doesn't seem so daunting, which will
help keep you motivated and focused on what needs to be done next.
Why do you think so many companies fail to implement their strategies? They could be
unclear on executing the strategy or have not developed a plan for getting from here to
there. It could also be that they have adopted a strategy not aligned with the company's
culture or capabilities, which is vital for success. Or maybe this just isn't something the
company needs at this time. Perhaps it's more of an idea than a strategy. There are many
reasons a company might be unable to execute a strategy. Here are some:
7. Weak Leadership
Even with all the best intentions, a strategy may fail without strong leaders who can
guide the team. Leaders must be able to motivate, inspire and direct others for a strategy
to be implemented appropriately. Leaders also need good communication skills so
everyone involved is on the same page and understands the company's goals. Without
strong leadership, team members may not understand their roles or how they fi t into the
big picture. This lack of understanding can lead to confusion and misalignment,
impeding successful strategy implementation. It is also essential for leaders to be able to
delegate tasks effectively so that everyone has enough time and resources to do their
part of the job. Without this, strategy implementation can halt, and the desired results
may never be achieved. In conclusion, weak leadership is one of the most common
barriers to successful strategy implementation. Companies need to recogniz e the need
for strong leaders who can help guide teams through a successful implementation
process.
8. Lack Of Resources
Lack of resources is a significant barrier to successful strategy implementation. It often
manifests as a lack of financial, human, or technological resources. If your company
doesn't have enough money to support its strategy, it will be tough for you to implement
that plan. If you don't have enough people on board or don't have the right people in
place to execute your vision, then you'll struggle too. And if your technology isn't up to
snuff (or lacking), you'll find yourself in a pickle when it comes time for you to take
action.
Implementing a strategy is not an easy task. You have to know what you're doing, you
have to be able to follow through on it, and you need to keep track of the progress that
you make. If any one of these three things falls short, it can mean trouble for your
strategy.
9. Ineffective Strategy
10. Ineffective Change Management
11. Working against the organisational power structure
To help ensure that your strategy succeeds, here are a few tips:
Make sure you understand the strategy yourself. How can you expect them to
execute if you don't understand enough to explain it in detail to others?
Make sure everyone involved is on board with the plan and understands what they
need to do. If they don't buy into the plan as much as they should or are unclear
on their role in the project, there will likely be problems down the road.
Track your progress so adjustments can be made sooner rather than later if
something goes wrong or doesn't work out as expected. This will help ensure that
everything stays on track until completion!
Make sure that your team is ready for change. If they haven't been involved in the
process, they do not understand why something needs to change or if it's essential
for them. Then they may be unable to stay on board with the changes when push
comes to shove. Be sure everyone knows why this change is necessary and what
it will mean for them before implementing any changes.
Know your audience. It's important to know who you're selling to and what they
like, so you can give them what they want.
Set goals. You need to know what you want from the campaign to measure it.
This is also important because if you don't have goals, it might be hard to tell
whether something is working out as planned!
Do some research ahead of time. It's always best to have background knowledge
about your audience ahead of time so that when it comes time to implement
strategies and tactics explicitly related to them (such as demographic research),
there won't be any surprises!