BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -The strategic plan addresses the what and why of activities, but implementation addresses the who, where, when, and how. The fact is that both pieces are critical to success. In fact, companies can gain competitive advantage through implementation if done effectively.

Detailed explanation-2: -Successful strategy implementation can be challenging, and it requires strong leadership and management skills. Effective delegation, patience, emotional intelligence, thorough organizational abilities, and communication skills are crucial.

Detailed explanation-3: -Strategies should map long-term plans to objectives and actionable steps, foster innovative thinking, as well as anticipate and mitigate potential pitfalls. Strategic plans often look out 3-5 years, and there may be a separate plan for each individual objective within the organization.

Detailed explanation-4: -An implementation plan-also known as a strategic plan-outlines the steps your team should take when accomplishing a shared goal or objective. This plan combines strategy, process, and action and will include all parts of the project from scope to budget and beyond.