BUSINESS ADMINISTRATION
STRATEGIC MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Annual Objectives
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Policy
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Long-term Objectives
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Mission
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Detailed explanation-1: -Definition: Strategy Implementation refers to the execution of the plans and strategies, so as to accomplish the long-term goals of the organization. It converts the opted strategy into the moves and actions of the organisation to achieve the objectives.
Detailed explanation-2: -The CEO and executive team play a big role in setting the foundation of a strategic plan by creating guiding organizational principles, articulating the strategic areas of focus, and creating the long-term goals that guide the organization to create aligned goals and actions to achieve its vision of success.
Detailed explanation-3: -4. Execute and Monitor. It’s time to put your strategic plan into action. All team members should have the resources they need to complete the task at hand.