Strategy implementation refers to various activities involved in executing the strategies of an organization. In simpler words, strategy implementation puts an organization's strategies into action through various procedures, plans and programs. Strategy implementation involves actions and tasks that are needed to be performed after the formulation of strategies. It is influenced by management's perspective, as management sets the strategies that [...]
Strategic management plays significant role in functions of organizations. In a business organization, these functions are production/operations, marketing, finance, and human resource, commonly referred to as functional areas of management. Strategic aspects of these areas are closely linked with strategic management. As a result, the current trend is to prefix the term 'strategic' in these areas. Besides, because of globalization, [...]
Strategy refers to the basic goals and objectives of the organisation, the major programmes of action chosen to reach these goals and objectives and major pattern of resource allocation used to relate the organisation to its environment. According to Chandler, "Strategy is the determination of the basic long-term goals and objectives of an enterprise and the adoption of courses of [...]