10.3a - Strategic Implementation

Question 1

Strategic implementation definition

Answer 1

The stage when a strategic plan is put into effect in order to achieve the objectives for which it has been designed

Question 2

What are the stages of the strategic planning process?

Answer 2

1. Set corporate objectives
2. SWOT analysis
3. Develop strategies, evaluate them and select strategy that best fits business
4. Plan how strategy is implemented
5. Set up processes for monitoring and evaluating strategy

Question 3

What are the internal factors on the implementation of a strategy?

Answer 3

• Leadership
• Organisational structure
• Culture
• Communication
• Timing (first-mover advantage)
• Resources

Question 4

How can a business decide which structure facilitates a strategy the best?

Answer 4

By looking at:

• How employees are grouped
• Lines of authority
• How groups interact with each other