Implementation of strategy is the journey that is adjusted through the redefinition, prioritization, and control of the strategic initiatives.
It’s important to develop business management capacity to implement a strategic plan successfully: In order to make capacity planning effective and practical, the management should do the information based forecast, ensure that business investment and application development does not proceed without a "clear business rationale."The business management needs to have a big picture of what’s going on so that they can justify the capacity planning properly to ensure the business capacity plans are in line with the corporate direction to achieve the well-defined business goals.
It’s important to take a proactive approach to figure out what the business needs, share unique business insight as to what capacity can provide, and whether capacity meets current and future business requirements in a cost-effective manner. The arrival of capacity and capability on demand helps to move closer to enhance organizational harmony and efficacy.
It’s important to leverage sufficient resources and human capital to improve business strategy management effectiveness: People will make or break the business implementation success. It’s important to create liaison and business partnership, figure out what the business needs, share unique business insight as to what capacity can provide. Organizational management needs to enforce iterative communication, incremental goal implementation, customer-centric viewpoint, make a necessary delegation and implementation plan collaboratively and seamlessly.
To compete and keep the business relevant, businesses rely so much on their people assets or human capital, to reach their goals and succeed. People and change management needs to be part of the corporate initiatives around continuous improvement. With advancements in technology, organizational psychology and expectations on people's performance for the long term, people are the human capital that needs to be kept invested to unlock their potential.
It’s also important to harness Knowledge management for generating business value: The goal of knowledge management is about optimizing processes to keep knowledge flow and update, connect ideas but also people, and crucially manage to generate business value. You need to not only assimilate existing knowledge, but also have to keep updating knowledge, create new knowledge and become the knowledge value creator.
Knowledge Management needs to be well embedded in key business processes to shape a culture of learning, broaden varying perspectives, motivate people to learn, share, and improve collective performance. Forward-looking companies are capable of mobilizing collective information, knowledge, ideas, experiences, capacities to develop business learning plasticity for adapting to the ever-changing environment and anticipating in business transformation proactively.
It’s critical to enforce a dynamic cycle of goal setting-achieved measurable results: When a team first starts out, you need to have early successes to drive the concept. The business implementation roadmap allows for this and combined with a good goal setting process and sets the organization up to reach the higher than expected goals. Every success builds momentum to strive and attain larger goals. Setting unattainable goals may negatively impact morale and decrease productivity. The organization is as far as implementation of a goal system, a goal must comport a vision for a better state.
Start by identifying your goals in the organization, especially those affected by trends. Setting and achieving the S.M.A.R.T (Specific, Measurable, Attainable, Relevant, and Time-bound) goals is the critical step in strategy execution, It’s also important to align functional goals with the strategic goals of the entire company seamlessly, and from there determine the individual unit goals to meet the strategic goals of your division but do not think it as management mechanism only, ensure having a goal that has the business purpose first, as well as getting people evolved.
Making business decisions with any of the key parts obscured only raises risks in an environment where there is an increasingly little margin for error. It’s always important to apply interdictive analysis as a tool to estimate the impact of upcoming events that may happen in strategy/operation plans. Keep optimizing business operation management capacity with a keen eye to grasp growth opportunities, manage risks, and build the differentiated business capabilities.
Implementation is always more important than design in a “VUCA” world, yet the act of planning or design is important as a way of gaining shared intents. Due to rapid change and business dynamic, implementation of strategy is the journey that is adjusted through the redefinition, prioritization, and control of the strategic initiatives. The "right" strategy can't be completely defined by the planning space; it is clarified through initial actions and timely adjustment, to ensure that corporate strategic initiatives are aligned and realigned with operational tasks to achieve higher than expected business results.
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