Understanding The Real Meaning Of Strategy Implementation

Most of the companies have long-term strategies’ in place, however they lack understanding of the set objectives and are not creating and executing action plans to cruise the organization towards achieving the strategic goals as well as objectives. Strategy Implementation is all about converting these objectives into real-time achievable goals. Strategy Implementation also requires the organization to develop, initiate, implement and merge the organization structure with the regulating systems and the culture to be led by the strategies in both increasing the performance as well as the competitive advantage.

 To boost the three most important pillars of the competitive advantage namely competency, customer satisfaction and quality of the organization, special tasks as well as roles are assigned to the staff through the organizational structure. But, Organizational structure alone will not motivate the staff, hence it is very important to have a control system in place. The control system will allow the managers to both reward incentives as well as in providing feedback to the staff. A collection of standards, norms, principles and attitudes which are shared within the organizational members or clusters encompasses the Organizational Culture.

 Following are some of the crucial steps that needed to be followed in Strategy Implementation:

 

A.    Syncing with the Strategies:  It is very important to sync your works or activities with the policies as indicated in the strategies that are outlined. Most of the strategy implementations fail as a result of organizations following the same old ways or techniques in dealing things. Hence, it becomes, of paramount importance to evaluate each activity in order to determine if it is actually syncing with the newly laid out strategies. If not appropriate measures to be taken to align with them. It is also a good idea to actually use a scorecard to measure where exactly you are standing and will help you in implementing right initiatives in order to have a successful strategy implementation.

 

B.     Linking Performance with rewards: To successfully drive strategy implementation, it is recommended to link both rewards and performance. Help the staff understand the impact they will have on strategic goals when they are performing their role. This will help you in your endeavor of achieving the strategic goals.

 

C.    Engage Staff: One of the reasons Strategy Implementation fails is because both the key people of the Organization, which is staff and stakeholders do not comprehend the strategic goals. It is very important to educate them to achieve your goal. Regular meetings will also rejuvenate their minds and help focus on the company’s visions.

 No matter how well the strategies’ are framed, when they are not properly executed they fail. The most important element in the strategy implementation is that there should firmness between the strategy as well as the different dimensions of the organization such as the rewards structure, distribution of the resources and the organization structure etc.

About The Author

Author discusses strategy implementation because with the help of this we can easily understand the objectives, execution plans of consultant firms.  We know that knowledge is directly proportional to the up & down of organization growth. If we follow the Strategy Implementation steps, company revenue graph increases rapidly.