Question

A company has decided to implement a new business strategy, what are the key issues that will determine success?

Answer 1

During the implementation of a new business strategy the firms should give preference for certain factors like; environmental uncertainty, organisational structure, culture, operational planning, communication, control, resource allocation and outcome. Efficient and proper management of these factors will give the success of the new strategy. The environmental uncertainty management will shows the scope of the new strategy and also helps to evaluate the impact of this new measure. Most of the firms gives preference for some other factors which are more important than this are; commitment, ability and willingness to accept the new change, ability to merge the progress, clear understanding of priorities etc.
Proper communication will depict the efficient commitment of the firms and the managers towards their stakeholders. If there is lack of communication, it will lead to inefficiency of the rest of the organisation. The proper willingness of the whole environment to accept the new change will also leads to the success of the organisation and the new strategy. The need of a new strategy can be understand through the structure of the organisation. The proper structure of an organisation will depict the need of centralised and decentralised flexibility. The new strategy will affect the existing structure of the organisations also.