Question

what will be the most difficult part of implementing a strategic business plan?

Answer 1

Strategies are devised by the managers of a Company to increase revenues, improve productivity and efficicency of operations, reduce costs and increase overall profits. This ivolves various critical decisions to be made like what products to sell, where to sell, how to sell etc.

The most difficult part of implementing a strategic business plan is numerated as below:

1. Resistance to change and necessity of teamwork:

More often than not, a significant change proposed by the management of a Company is not welcomed by the employees initially. Resistance to change is an inherent human reaction and this makes teamwork even more difficult to achieve. It is important that managers try to motivate and incentivize the employees and make them realise the importance of the strategy,

2. Lack of human and financial resources:

The company might face a financial crunch while trying to allocate resources for the implementation phase. Lack of adequate number of personnel is also a glaring issue.

3. Difficulty of planning the sequence of tasks:

the sequence of tasks and how the same will be decided is a very crucial step in strategy implementation. Many a times, managers find it difficult to decide the sequence which can prove to be absolutely correct for smooth strategy implementation.