Implementation of Strategic Planning || Planning and Decision Making || Bcis notes

Implementation of Strategic Planning || Planning and Decision Making || Bcis notes

Implementation of Strategic Planning

Strategy implementation is the method by which strategies are operationalized. For this, managers should form organization structure, divide works and allocate resources. The following strategies should be taken into consideration for effective implementation of strategic planning:-

  1. Evaluate the strategic plan: This is the first step in the implementation process. It states that managers must know what the strategic plan is. They must review it carefully, and highlight any elements of the plan that might be especially challenging. It is necessary to identify any part of the plan that might be unrealistic or excessive in cost, either of time or money and emphasize these, and be sure to keep them in mind to begin implementing the strategic plan.
  2. Create a vision for implementing the strategic plan: This vision might be a series of goals to be reached, step by step, or an outline of items that need to be completed. It is imperative that everybody must know what the end result should be and why it is important and establish a clear image of what the strategic plan is intended to accomplish.
  3. Select team members to help to implement the strategic plan: Management must develop a competent team that support management to implement strategies. They must establish a team leader who can encourage the team and field questions or address problems as they arise.
  4. Schedule meetings to talk about progress reports: Organize meetings and present the list of goals or objectives and let the strategic planning team know what has been accomplished. Whether the implementation is on schedule, ahead of schedule, or behind schedule, evaluate the current schedule regularly to discuss any changes that need to be made. Management must establish a rewards system that recognizes success throughout the process of implementation.
  5. Involve the upper management where appropriate: It is good to inform all activities to the organization’s executives and provide progress reports on the implementation of the plan. Letting an organization’s management know about the progress of implementation makes them a part of the process, and, should problems arise, the management will be better able to address concerns or probable changes.

Therefore the implementation of strategic planning are explained above.

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