Answer to Question #266194 in Management for jean

Question

How does implementing strategy affect an organization from top to bottom? Cite an example.

Answer 1

Implementing a strategy is crucial to a company's success since it addresses the who, where, when, and how of achieving targeted goals and objectives. It concentrates on the entire company. After doing environmental scans, SWOT analysis, and establishing strategic concerns and goals, implementation begins. Individuals are assigned to tasks and schedules that will help a company achieve its objectives throughout implementation. A visible leader, such as the CEO, is essential to a successful implementation strategy because he communicates the vision, excitement, and behaviors required for success. Everyone in the company becomes involved in the strategy. Performance measuring tools are useful for motivating employees and allowing for follow-up. A strategic map, which identifies and maps the main ingredients that will guide performance, is frequently included in implementation. Finances, market, work environment, operations, people, and partners are examples of such elements.

With their distinct skills and abilities, the proper people are ready to help. To successfully implement the approach, you must have the necessary resources, which include both time and money. Management becomes more transparent and communicative, with regular meetings for updates. Management and technology mechanisms are in place to keep track of the implementation, and the workplace climate is conducive to everyone feeling at ease and inspired.

Change is facilitated by strategy implementation. Some businesses embrace change, while others fight it tooth and nail. For years, GM has known what it needed to do to improve its competitiveness. It simply couldn't or wouldn't do it. Apple, on the other hand, has transformed itself from a computer firm to a communications and entertainment corporation. If you've been using the same method for the past 50 years, it's probably time to switch.