Strategy implementation requires
resources
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Often overlooked are the five key components necessary to support implementation: people, resources, structure, systems, and culture. All components must be in place in order to move from creating the plan to activating the plan.
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Effective strategy implementation requires reallocation of budgets – Organizational units need sufficient budgets and resources to carry out their parts of the strategic plan effectively and efficiently. A strategy manager should keep in mind that too little funding slows progress and hamper the ability of organizational units.
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