BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -Implementing strategy affects an organization from top to bottom; it affects all the functional and divisional areas of a business. Strategy implementation requires introduction of change in the organisation to make organisational member adapt to the new environment.

Detailed explanation-2: -Implementing strategy affects all the functional areas of a business and may influence some divisional areas of a business. Student answers should include five of the following: Strategy formulation is positioning forces before the action, whereas strategy implementation is managing forces during the action.

Detailed explanation-3: -The top-down policy, also referred to as autocratic leadership, is a management process driven by a business’ upper level of executives. Senior project managers create company-wide decisions that trickle down to lower departments.

Detailed explanation-4: -Strategy implementation is the process of turning plans into action to reach a desired outcome. Essentially, it’s the art of getting stuff done. The success of every organization rests on its capacity to implement decisions and execute key processes efficiently, effectively, and consistently.

Detailed explanation-5: -Successful strategy implementation depends on cooperation among all functional and divisional managers in an organization. Marketing departments are commonly charged with implementing strategies that require significant increases in sales revenues in new areas and with new or improved products.