MANAGING STRATEGIC IMPLEMENTATION

Question 1

What are some ways to implement strategy

Answer 1

Set clear corporate objectives

Undertake a through internal and external audit

Consult with stakeholders - employees, customers, shareholders, suppliers etc.

Break the strategy down into its component parts and set deadline for completion

Adjust the organisational culture

Lead by example

Review and adjust the organisational structure

Clearly communicate the strategy to each functional area - set functional objectives

Measure progress

Celebrate process

Review and emend strategy