Answered: Discuss the Common Strategy…

Understanding Business

12th Edition

ISBN:9781259929434

Author:William Nickels

Publisher:William Nickels

Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment

Section: Chapter Questions

Problem 1CE

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Question

Discuss the Common Strategy Implementation Problems?

Expert Solution

Step 1

Implementing a strategy refers to a variety of actions used to carry out an organization's plans. Simply, strategy implementation involves using various processes, plans, and programs to put an organization's strategies into action. After plans are developed, they must be put into action. This requires completing various tasks and actions.

It is impacted by the managerial viewpoint since management determines the tactics that are put into practice during the implementation phase. An organization's ability to grow depends on how well its strategy is implemented, and when that plan isn't implemented well, it could have detrimental effects on the business.