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Strategy Implementation

Posted on the 06 December 2016 by Socialmediaevie @socialmediaevie
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Strategy formulation focuses on effectiveness, whereas strategy implementation focuses on efficiency.  Effectiveness is associated with doing the right things which means having an excellent game plan or strategic plan. Efficiency means finding the best means to accomplish something.

Strategy implementation involves:

Establishing objectives to guide organizational, divisional and departmental priorities

Devising policies with specific guidelines, methods, procedures, rules, forms and administrative practices to support and encourage appropriate behaviors

Allocating financial, physical, human and technological resources

Structuring or Restructuring the organization through downsizing or delayering

Re-engineering by re-configuring or redesigning work, jobs and processes

Revising reward and incentive plans

Developing a strategy supporting Culture

Linking performance and pay to effective strategy execution

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