Reply to the following comment using 130-150 words… must be in your own words no special format needed just comments/ questions and answers….
1. The keys to implementing a strategy is knowing and understanding the environment, stakeholders, the risk of change and the strength of your organization. Most strategies are build upon the strength of a company and their personnel that can deliver a successful and prosperous plan of action to solve long term strategic goals. The challenge that companies face is the inability to properly execute the strategic plan as envisioned by the creators of the plan and making sure your employees believe and buy into the strategic plan. This strategy and the challenges that may present can be overcome by getting employee feedback during the planning, test the plan by having role play, implement the plan and understanding that there may need to be changes to make the plan work and the most important thing is to seek feedback from your customers and adapt and change according to their feedback.
2. One of the challenges to implementing the new strategies is that often times businesses fail to actually implement them. They continue to do the same things they were already doing. Other challenges in implementing new strategies is communication and clarity. Many times the new strategies have not been communicated enough or clearly. The communication should be powerful and at every level to everyone and clear so that everyone understands and is willing to put in effort to the new plan. By being clear and communicating, everyone should understand the goals and objectives and this should help motivate them to want to do it.
3. The companies use Board view to map the cause and effect of the different parts of their strategies which helps in determining which processes deliver the greatest implementation.
Prioritizing the resource allocation based on the value contribution to reduce the lack of resources.
Use of Board view Tree which is essential in keeping everyone aligned on the way behind the efforts that the company makes hence making sure that the team is adequately informed regarding the implementation of the new strategy.
Developing a logical strategy map and the transparent overview so as to demonstrate the value of the changes to the team of the company.
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