Review and Evaluation in Strategy Execution
18 Questions
1 Views

Choose a study mode

Play Quiz
Study Flashcards
Spaced Repetition
Chat to Lesson

Podcast

Play an AI-generated podcast conversation about this lesson

Questions and Answers

_______ is the final phase in the strategy execution process.

Review and Evaluation

Process of crafting and executing strategy involves developing a strategic _______ of where the company needs to head.

vision

Setting objectives helps spell out for the company how much or what kind of _______ is expected.

performance

Crafting a strategy helps move the company along the strategic course that _______ has crafted.

<p>management</p> Signup and view all the answers

Formation of vision, mission, and strategic goals involves defining a company's future aspirations through a _______ statement.

<p>Vision</p> Signup and view all the answers

A vision statement directs a company's focus on how present actions can influence future _______.

<p>business prospects</p> Signup and view all the answers

Effective communication ensures that everyone in the organization understands the strategy and their role in ______ it.

<p>implementing</p> Signup and view all the answers

Engagement ensures that employees are committed and motivated to contribute to the strategy’s ______.

<p>success</p> Signup and view all the answers

Execution of Strategic Initiatives – This is where planning transitions into ______, and the organization’s strategic objectives begin to materialize through concrete actions.

<p>action</p> Signup and view all the answers

Monitoring and Control – this ensures that strategic initiatives progress as planned and achieve the desired ______.

<p>outcomes</p> Signup and view all the answers

Adaptation and Continuous Improvement - About embedding agility and a culture of ongoing enhancement within the organization to ensure its strategic initiatives remain ______ and effective over time.

<p>relevant</p> Signup and view all the answers

Successful execution of strategy requires adherence to a plan and the ability to adapt and evolve based on new insights and changing ______.

<p>circumstances</p> Signup and view all the answers

Crafting and Executing Strategy involves determining what actions to take to achieve the desired ______

<p>outcomes</p> Signup and view all the answers

Strategy Execution is a critical phase in strategic management, focusing on turning strategic plans into ______ to achieve strategic objectives

<p>actions</p> Signup and view all the answers

Alignment of Resources and Structures Plan ensures that the organization’s resources and structural elements align with the strategic ______

<p>objectives</p> Signup and view all the answers

Communication and Engagement serves as the glue that binds all other steps ______

<p>together</p> Signup and view all the answers

Clarification of Strategy involves ensuring that the strategy is understood clearly and uniformly across the entire ______

<p>organization</p> Signup and view all the answers

Development of an Implementation Plan is a critical phase in the strategy execution process, where the overarching strategy is translated into a detailed blueprint for ______

<p>action</p> Signup and view all the answers

More Like This

Strategy Execution Framework Quiz
10 questions
Business Strategy Execution
18 questions
Barriers to Market Entry and Strategy Execution
45 questions
Use Quizgecko on...
Browser
Browser