Question: Evaluate your current company (or one you have worked for in the past) regarding its capability to perform good strategy execution. In addition, what specifically
Evaluate your current company (or one you have worked for in the past) regarding its capability to perform good strategy execution. In addition, what specifically would you recommend/prescribe to allow the company to perform even better regarding strategy execution.
Please select two or three of the following criteria for successful strategy execution to formulate your answers:
- Staff the organization with managers and employees capable of executing the strategy well.
- Develop the resources and organizational capabilities required for successful strategy execution
- Create a strategy-supportive organizational structure.
- Allocate sufficient (budgetary and otherwise) resources to the strategy execution effort.
- Institute policies and procedures that facilitate strategy execution.
- Adopt best practices and business processes that drive continuous improvement.
- Install information and operating systems that enable company personnel to carry out their strategic roles proficiently.
- Tie rewards and incentives directly to the achievement of strategic and financial targets.
- Instill a corporate culture that promotes good strategy execution.
- Exercise the internal leadership needed to propel strategy implementation forward.
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