Question:
Strategy Implementation
Author: JUAN LOUIS SANTO DOMINGOAnswer:
In the Strategy Implementation stage, the organization takes the strategic plan and operationalizes it. This is often called the action stage. Here, the organization should: - establish annual objectives - devise organizational policies - motivate employees - allocate resources Strategy implementation therefore includes developing a strategy-supportive culture, creating an effective organizational structure, redirecting marketing efforts, preparing budgets, developing and using information systems, and linking employee compensation to organizational performance.
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