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Handwritten Notes, Paper 1, , Paper 2, (Management), , Soft Copy, , ₹ 100, , ₹ 300, , Hard Copy, , ₹ 150, , ₹ 450, , Call or Whatsapp for Notes : 7627096162, Note : Paper 1 includes 7 units except Comprehensions, Numerical Reasoning, and Data Interpretation because these units are practice based and theoretical, part of these units is covered in notes., For hard copies postal/courier charges are separate.

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Strategy Implementation, Strategy Implementation refers to the execution of the plans and strategies, so as to, accomplish the long-term goals of the organization. It converts the opted strategy into the, moves and actions of the organization to achieve the objectives., Simply put, strategy implementation is the technique through which the firm develops,, utilizes and integrates its structure, culture, resources, people and control system to follow, the strategies to have the edge over other competitors in the market., Strategy Implementation is the fourth stage of the Strategic Management process, the, other three being a determination of strategic mission, vision and objectives,, environmental and organizational analysis, and formulating the strategy. It is followed by, Strategic Evaluation and Control.

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Strategy Implementation

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Strategy Formulation, Strategy Formulation includes planning and, decision-making involved in developing, organization’s strategic goals and plans., , Strategy Implementation, Strategy Implementation involves all those, means related to executing the strategic plans., , In short, Strategy Formulation is placing the In short, Strategy Implementation, Forces before the action., is managing forces during the action., Strategy Formulation is an Entrepreneurial Strategic Implementation is mainly, Activity based on strategic decision-making. an Administrative Task based on strategic, and operational decisions., Strategy Formulation emphasizes, on effectiveness., , Strategy Implementation emphasizes, on efficiency., , Strategy Formulation is a rational process., , Strategy Implementation is basically, an operational process., , Strategy Formulation requires co-ordination, among few individuals., , Strategy Implementation requires coordination among many individuals., , Strategy Formulation requires a great deal, of initiative and logical skills., , Strategy Implementation requires, specific motivational and leadership traits., , Strategic Formulation precedes Strategy, Implementation., , Strategy Implementation follows Strategy, Formulation.

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Process of Strategy Implementation, 1. Building an organization, that possess the capability to put the, strategies into action successfully., 2. Supplying resources, in sufficient quantity, to strategy-essential, activities., 3. Developing policies which encourage strategy., 4. Such policies and programs are employed which helps in, continuous improvement., 5. Combining the reward structure, for achieving the results., 6. Using strategic leadership.

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Prerequisites of Strategy Implementation,  Institutionalization of Strategy: The one who framed it should promote or defend it in front of, the members, because it may be undermined.,  Developing proper organizational climate: Organizational climate implies the components of, the internal environment, that includes the cooperation, development of personnel, the degree of, commitment and determination, efficiency, etc., which converts the purpose into results.,  Formulation of operating plans: Operating plans refers to the action plans, decisions and the, programs, that take place regularly, in different parts of the company.,  Developing proper organizational structure: It highlights the relationships between various, designations, positions and roles. To implement a strategy, the structure is to be designed as per, the requirements of the strategy.,  Periodic Review of Strategy: Review of the strategy is to be taken at regular intervals so as to, identify whether the strategy so implemented is relevant to the purpose of the organization

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Aspects of Strategy Implementation,  Creating budgets which provide sufficient resources to those activities which are, relevant to the strategic success of the business.,  Supplying the organization with skilled and experienced staff.,  Conforming that the policies and procedures of the organization assist in the, successful execution of the strategies.,  Leading practices are to be employed for carrying out key business functions.,  Setting up an information and communication system, that facilitate the workforce of, the organization, to perform their roles effectively.,  Developing a favorable work climate and culture, for proper implementation of the, strategy.

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