List the eight components of the strategy execution process and one that you consider to be...

List the eight components of the strategy execution process and one that you consider to be the most important. Explain why it is important? Research real world examples to support position. Must be at least 300 words.

Expert Solution

Execution of strategies is not an easy task and needs much effort. This has some components which needs to be followed and they are communication, leadership, time management, waste reduction, alignment, reviews,culture ,dedication and accountability.

Communication is very important for the process because we need to make all the members understand the plan and the work needed to be done.

The employees must understand the need of the plan and must understand the seriousness so that they feel accountable to the process and give their best.

Proper alignment must be done for the process and it is not an easy task.

An effective leader is the pillar of this process and is the reson for successful implementation.

The process must be carried out in a proper planned manner so that no wastage occurs which inturn reduces the cost .

Timely reviews on the process must be done so that we can analyse the way the process is going and the strategy is being implemented.

Time management also plays an important role in the implementation of the strategy because anything which is not done on time is a waste .

The employees must be dedicated to the strategy and must execute the process with concentration and sincerity.

Out of all these components leadership is the most important one because without a good leader no process is complete and any strategy will be wasted. A leader is very important to lead the team step by step in a well planned manner. We have many companies as examples like Apple which have the best leaders and are being leaded successfully with many innovations .

keosha answered 8 months ago

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