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IMPLEMENTATION OF STRATEGIC DECISION (STRATEGY IMPLEMENTATION)
Implementation of strategic decision can determine the success or failure of an organization. Numerous studies have acknowledged that strategies frequently fail not because of inadequate strategy formulation, but because of insufficient implementation.
This term paper reviews literatures on the implementation of strategic decisions with an emphasis on factors that affects successful strategic decisions implementation. Among others; strategic formulation, relationship among different units/departments, executors, consensus, commitment, organizational structure and administrative systems have been identified has some of the factors that influence successful strategic decisions implementation.
Introduction
Strategy implementation is a process of transforming strategic intentions into actions. Successful strategy implementation is critical in any organization. However it is considered to be the most challenging aspect in strategic management process. This is because it requires the bringing together of the resources needed, both human and capital, the structure, systems and other variables. Although formulating a consistent strategy is a difficult task for any management team, making that strategy work – implementing it throughout the organization – is even more difficult (Hrebiniak, 2006). A myriad of factors can potentially affect the process by which strategic plans are turned into organizational action. Unlike strategy formulation, strategy implementation is often seen as something of a skill, rather than a knowledge, and its research history has previously been described as fragmented and diverse (Noble, 1999b). It is thus not surprising that, after a comprehensive strategy or single strategic decision has been formulated, significant difficulties usually arise during the subsequent implementation process. The best-formulated strategies may fail to produce superior
Implementation of strategic decision can determine the success or failure of an organization. Numerous studies have acknowledged that strategies frequently fail not because of inadequate strategy formulation, but because of insufficient implementation.
This term paper reviews literatures on the implementation of strategic decisions with an emphasis on factors that affects successful strategic decisions implementation. Among others; strategic formulation, relationship among different units/departments, executors, consensus, commitment, organizational structure and administrative systems have been identified has some of the factors that influence successful strategic decisions implementation.
Introduction
Strategy implementation is a process of transforming strategic intentions into actions. Successful strategy implementation is critical in any organization. However it is considered to be the most challenging aspect in strategic management process. This is because it requires the bringing together of the resources needed, both human and capital, the structure, systems and other variables. Although formulating a consistent strategy is a difficult task for any management team, making that strategy work – implementing it throughout the organization – is even more difficult (Hrebiniak, 2006). A myriad of factors can potentially affect the process by which strategic plans are turned into organizational action. Unlike strategy formulation, strategy implementation is often seen as something of a skill, rather than a knowledge, and its research history has previously been described as fragmented and diverse (Noble, 1999b). It is thus not surprising that, after a comprehensive strategy or single strategic decision has been formulated, significant difficulties usually arise during the subsequent implementation process. The best-formulated strategies may fail to produce superior
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