Implementation of Strategy

            Once the creative and analytical aspect of strategy formulation is over, the managerial priority is one of converting the strategy into something operationally effective. Therefore to bring result, the strategy should be put to action because mere choice of even the soundest strategy will not affect organizational activities and achievements of its objectives. It is to be noted that the requirement of strategy formulation is primarily conceptual and analytical skills while that of implementation is administrative skills. But in real life, the processes of formulation and implementation are intertwined. The formulation of strategy does not end where implementation begins; both should be taken as continuous process. Therefore, it is necessary to understand the total implication of strategy implementation.

            The process of strategy implementation involves the following functions:

1.          Structuring and organizing the available resources in ways that are supportive of strategic accomplishment.

2.          Exercising whatever leadership posture and managerial style is appropriate for the situation.

3.          Developing functional policies for each critical functional area.

4.          Allocation of resources to various strategic business units.

5.          Developing appropriate information system.

6.          Developing and implementing suitable management control system.

7.          Evaluation and review of the strategy.