Question

Discuss any five issues involved in strategy implementation

Answer 1

What are current issues in strategy implementation? 

Management practices and systems -- including the functions of planning, organizing, leading, and controlling -- must be mobilized to support strategy implementation. 

Among the pitfalls that inhibit strategy implementation are failures of substance, such as poor analysis of the environment, and failures of process, such of lack of participation in planning process. 

Increasingly, organizations utilize top management teams to energize and direct the strategic management process. 

Corporate governance, involving the role of boards of directors in the performance monitoring of organizations, is being addressed as an important element in strategic management today.