Article Abstract
International Journal of Trends in Emerging Research and Development, 2024;2(2):32-37
A brief analysis of strategy implementation process
Author : Ramesh Chander Gupta and Dr. Hemant Kumar
Abstract
The strategy implementation process is a critical approach whereby managerial objectives, methods, and policies are operationalized across growth initiatives, financial frameworks, and operational procedures. Effective execution of these strategies is paramount as failure to do so can significantly jeopardize organizational success. Proper implementation of strategic plans entails addressing potential challenges such as financial misallocation and the risk of reputational damage in case of failure. Fundamentally, this study underscores the importance of effectively executing strategy to enhance the achievement of the organization's mission and vision through the delivery of high-quality products and services, thereby expanding the customer base. Consequently, the findings emphasize the necessity for organizations to adopt robust strategies in order to effectively achieve their objectives and fulfill organizational goals.
Keywords
Strategy implementation, growth programs, financial plan