In strategy development, once the vision, mission, values, and objectives are set, the next step is to identify strategic options. Once a strategic approach is determined, it is time to set up strategic initiative projects to implement and achieve the strategic purpose. Developing action plans for each supporting strategic initiative project will ensure that all actions and activities in the implementation of the strategy are purposeful, with the intent of meeting the vision, mission, values, and objectives of the organization. Performance can be measured and monitored using key performance indicators, while incentives and rewards can be used to drive performance. Lastly, policies and procedures are used to control and manage behaviors and actions of employees to ensure requirements and expectations are being met.

Throughout the strategy development process, it is critical for the strategist to consider how to evaluate, monitor, and control human behavior, group dynamics, individuality, power and politics, and conflict resolution. One control mechanism of human behavior in the strategy development and implementation process is "Policy and Procedure." consider and develop policies and procedures needed to support your strategy.

Execute this discussion by answering the following inquiries in essay format:

• Explain the difference between policies, processes, and procedures.
• Explain how policies facilitate the implementation of a strategy.
• Explain how procedures facilitate the implementation of a policy.

Answer rating: 100% (QA)

Difference between Policies Processes and Procedures Policies processes and procedures are essential components of organizational governance and operational efficiency While these terms are often used ... View the full answer