Question

Any strategy directions may be undertaken in a different way or by a different strategic method.
Explain the means by which a strategy can be pursued.

Answer 1

Let us first begin with understanding the meaning of Strategy. Strategy refers to the plan of action designed by the top level management of organizations so as to help achieve the already set goals and objectives. Strategies are means by which an organization understands how to achieve the objectives by effectively utilizing the available resources.

By pursuing a strategy, we mean implementing the strategy which have been framed by the top executives. It means executing the plans and strategies effectively, so as to accomplish long term goals. Strategic implementation will help the firms develop and grow. There are multiple means by which the strategy can be pursued in the organization such as:

• The best way is the build the organization so strong which will be capable to put the build strategies into action.
• Next is to supply the concerned departments with the essentially required resources, so that they can pursue the set strategies effectively.
• In order to enhance the process, next comes developing the policies which will encourage the strategy and help in moving a step ahead towards successful implementation.
• Further, adding a good reward structure while the organization is pursuing the strategy, will help in its successful goal achievement.
• Setting up a strong communication system so that the employees can easily work through the implementation process and strategy can be pursued with ease.

It can be concluded, that a good strategic implementation all depends upon how well the employees work for its implementation, along with the support of the top management and supervisors. There are different means by which the strategy can be pursued with ease, but it totally depends on company to company as to what means/ ways it is planning to follow for its long term success.