Question

Apply the concepts of strategy formulation and implementation to your college experience. What was your objective in going to college? When did you strategy for achieving this objective emerge? Has it ever changed? How would you adapt the implementation levers and strategic leadership roles to evaluate how well you have implemented your strategy? What is your overall personal evaluation?

Answer 1

STRATEGIC FORMULATION

strategic formulation is tje process by which an organization chooses the most .appropriate course of an action to achieve its defined goals .this process is essential to an organization's success .because it provide a framework for the action that will lead to the anticipated result.

strategic formulation step

1. setting basic objective
2. identify opportunities and risks
3. evaluating alternative resources
4. formulating alternative strategy
5. evaluating these alternative
6. evaluating basic strategy
7. implementaion strategy
8. evaluating strategy

strategy implementation strategy formulation include planning and decision making involved in developing organization strategic goal and plan .strategy implementation invoves all those means related to executed the strategic plan .,strategic formulation is placing the forces before the action.

STRATEGIC IMPLEMENTATION

Strategiv implementation is a process that puts plans and strategic in to action to reach desired goal. the strategic plan its is a written document that detail the steps and processes needed to each plan goal and include feedback and progress report to ensure that the plan is on track .

aspects of implementation

• designing and developing detailed implementation plan and project brief
• strategic implementation ,strategic goal converted into an implementation
• managing changes
• monitoring implementation and performance

strategic objective

* why is achieving strategic fit critical to a company 's overall success

*how does a company achieve strategic fit between its supply chain and its competitive strategy

STRATEGIC LEADERSHIP ROLE

the strategic leader plays an important role as a chane driver .the leader creates and develops change management strategies and evoves technique to make the employees accept the change from time to time .the leader convinces the employees by projecting the fruitful outcomes of the changes .

leadership is the action of leading people in an organization toward achieving goal ,a leader set a clear vision for the organization ,motivates employees ,guides employee though the work process and build morale ,leadership invovles ledinh others toward achieving clear goals.