Tools of the Strategy Execution procedure

Question

What are eight managerial tasks which crop up continually within company efforts to execute strategy contained?

Answer 1

The eight managerial tasks which crop up continually within company efforts to execute strategy contain:

i. Building an organization with the capabilities, competences, and resource strengths to execute strategy successfully.

ii. Marshaling resources to support the strategy execution effort.

iii. Instituting processes and policies that facilitate strategy execution.

iv. Adopting finest practices and striving for incessant improvement

v. Installing information and operating systems that permit company personnel to carry out their strategic roles proficiently.

vi. Tying rewards and incentives directly to the achievement of financial and strategic targets and to fine strategy execution.

vii. Shaping the work environment and business culture to fit the strategy.

viii. Exerting the internal leadership required to drive implementation forward and keep improving on how the strategy is being executed.