Good strategy execution requires a team effort. All managers have strategy-executing responsibility in their areas of authority, and all employees are participants in the strategy execution process. When strategies fail, it is often because of poor execution. Strategy execution is therefore a critical managerial endeavor

Using below components of strategy execution process. Explain each of every component on how AMAZON company initiates the components on strategy execution for it to have competitive advantage. Explain separately on how it does its things according to the components.

1. Staffing the organization with managers and employees capable of executing the strategy well.
2. Developing the resources and organizational capabilities required for successful strategy execution.
3. Creating a strategy-supportive organizational structure.
4. Allocating sufficient resources (budgetary and otherwise) to the strategy execution effort.
5. Instituting policies and procedures that facilitate strategy execution.
6. Adopting business management processes that drive continuous improvement in strategy execution activities.
7. Installing information and operating systems that support strategy implementation activities.
8. Tying rewards directly to the achievement of performance objectives.
9. Fostering a corporate culture that promotes good strategy execution.
10. Exercising the leadership needed to propel implementation forward.

Answer rating: 100% (QA)

Staffing the organization with managers and employees capable of executing the strategy well Amazon is known for its rigorous hiring process that focuses on finding individuals who are not only skille... View the full answer