In: Finance
How can a strategist assure that the strategic plan gets implemented?
A strategist can insure implementation of the strategic plan in
the following steps possible steps :-
1. Define the
Strategy :- A strategy should be something that is
visible in everything that you are doing. It should be in the form
of a simple framework that everyone can understand and everyone
should be on exactly the same page.
2. Building the
plan :- Since, vision has already been established
in the first point, its time to develop a plan as its wisely said,
a goal without a plan is just a wish. This step includes :-
i) Gathering the resources and making other people agree to your
vision.
ii) Writing focus areas that the team think need to be addressed in
order to reach the vision.
iii) Establishing important values within the people in order to
reach the objectives.
iv) Asking and analyzing valuable insights from team members and
indulging them in the plan.
3.Define Key
Performance Indicators - Key performance indicators
should be established in order to establish progress about the
strategic objectives. They should not be too complicated for some
people to not understand.
4. Establish your
strategy Implementation techniques - This step is related
to how often there shall be discussion of the progress of the
objectives, establishing accountability, responsibilities,
improving of the lagging behind processes and meetings etc.
5. Follow Up
- Follow ups in the form of improving the
processes, making the processes leaner, introspecting all the steps
talked about above and analyzing the loop holes
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answer if it was helpful.
Thanks.