Mary Lourdes Bonnici MBA

  Chapter 9 – Strategic Management Part 4 – Strategy Implementation and Execution Mary Lourdes Bonnici Introduction Developing an effective strategy is only one part of strategic management. An organisation may have an excellent vision, a detailed strategic plan and well-defined objectives, yet still fail if those plans are not implemented effectively. Strategy implementation is the process of transforming strategic decisions into coordinated actions, behaviours, systems and measurable results. It connects strategic thinking with day-to-day organisational activity. A successful strategy therefore depends not only on what an organisation decides to do , but also on how effectively it executes those decisions . Strategy implementation requires leadership, communication, appropriate organisational structures, sufficient resources, employee commitment, performance monitoring and the ability to manage change. This part of Chapter 9 explores how organisations translate strategy into act...