7 Elements of Strategy Implementation

Strategy implementation is the process of developing, communicating and executing a plan to achieve strategic goals. The following are the basic elements of strategy implementation.

Strategic Planning

Strategic planning is the process of developing a strategy including elements such as mission, vision, principles, goals and plans. This precedes strategy implementation but there is also a fuzzy grey line between the two. For example, the prioritization of strategic goals may be considered part of implementation or planning. Likewise, artifacts such as business plans and business cases may be developed as part of either strategic planning or implementation.

Budget Planning	Business Cases
Business Objectives	Business Plans
Strategic Goals	Strategic Priorities
More ...

Strategy Communication

The process of communicating strategy to stakeholders.

Communication Design	Communication Plan
Message Framing	Negotiation
Nudge Theory	Stakeholder Management

Management by Objectives

Management by objectives is the process of implementing strategy by setting measurable objectives for every team and individual in your organization and then managing performance against these objectives.

Goal Setting	Knowledge Of Performance
Knowledge Of Results	Management By Objectives
Performance Improvement	Performance Management

Action Plan

An action plan is a tool for implementing strategy without a large project. This is appropriate for a strategic goal that can be achieved by a single individual or small team.

Action Items	Action Plan
Assumptions	Constraints
Managing Expectations	Setting Expectations

Programs & Projects

Strategy implementation may require formal programs and projects.

Program Controls	Program Management
Project Charter	Requirements
Statement Of Work	More ...

Change Management

Change management is the practice of leading change, particularly in the context of programs and projects that expect resistance to change.

Anticipating Objections	Malicious Compliance
Management By Walking Around	Motivation
Passive-aggressive Behavior	Project Sponsor
Resistance To Change	Sidelining
More ...

Strategy Monitoring

Monitoring the implementation of strategy and the achievement of strategic goals. Strategy is typically changed in a tactical way as you measure what is working or failing.

Analytics	Critical Success Factor
Management Accounting	Metrics
Project Oversight	Risk Monitoring
Tactics

7 Elements of Strategy Implementation

Strategic Planning

Strategy Communication

Management by Objectives

Action Plan

Programs & Projects

Change Management

Strategy Monitoring

Strategic Planning

Strategic Planning Process

Business Weaknesses

Strategic Management

Turnaround Strategy

Retrenchment Strategy

Strategy Development

External Environment

Strategy

End-Goals

Incrementalism

There Is No Alternative

Gaming The System

Grand Strategy

Strategic Direction

Political Strategy

Positive Feedback Loop

Trending

New Articles