Business strategy implementation and strategic management: An analytical study
DOI:
https://doi.org/10.53983/ijmds.v2i6.40Keywords:
Strategy implementation, Strategy execution, ManagementAbstract
Strategy implementation may be viewed as a process inducing various forms of organizational learning, because both environmental threats and strategic responses are a prime trigger for organizational learning processes. Following to this we review that it’s quiet a complicated task for any management team, making a strategy perform or execute, implementing the ideas all throughout the organization. Strategy implementation is considered mostly as something of an expertise and its research history has formerly been illustrated as fragmented and diverse. Soft, hard and mixed factors which range from the people who communicate or mechanism in place for co-ordination and control have been proved influential to the success of Strategy implementation. Strategy execution is also defined as ‘the step by step implementation of the various activities that make up a formulated decision making strategy.