ASSIGNMENT-7

Strategy Implementation is the final step of organization towards organizational

Strategic Management. Following are issue of Strategy implementation in organization
level.

 Aligning Resources, budget and employees in new arena of strategic

requirements.
 Communicating the strategic requirements demanded at each level of
organization.
 Developing new measuring parameters of defined objective.
 Defining Leading and lagging indicators which guide the employees at each level.
 Measuring and reporting the action and impact to check the direction.
 Orchestrating different department towards common objectives defined by new
strategy.
 Providing feedback and correction at each and every level in most agile manner
so the organizational orientation should be managed in a proper way.
 Mitigating the risk involved in strategic transformation.
 Creating certain degree of abstraction to save organization’s interests from
competitors.

This requirement of strategy implementation puts a natural pressure on organizations

to use leverage of technology and innovation for radical improvement in the way of
implementing strategy. Creating strategic map and cascading the implementation at
each level is required at organization level. Technology can be defined as the
knowledge, tools, equipment, and work methods used by an organization in providing its
goods and services. The technology employed must fit the selected strategy for it to be
successfully implemented. Companies planning to differentiate their product on the basis
of quality must take steps to assure that the technology is in place to produce superior
quality products or services. This may entail tighter quality control or state-of-the-art
equipment. Firms pursuing a low-cost strategy may take steps to automate as a means
of reducing labor costs. Similarly, they might use older equipment to minimize the
immediate expenditure of funds for new equipment.

The core concept of technology during implementation of strategy should be:

 Designing low cost and agile solution aligned with strategy let’s say use of
EDI at retailer level in the place of previous physical information processing.
 Fast and reliable information transfer at each level to create strong co-
ordination at organizational level.
 Technology should enhance decision making ability of employee both
knowledge worker and labor intensive workforce.
  Technology should create transparent and frequent flow of information at
each level.
 Technology should comply with the policies and procedure of organization.
It should be robust enough to guide workforce about organization’s policies and
procedure during change.
 Technology should create a virtual collaborative environment for employee
to promote cross functional operations to produce batter results.
 Technology should promote better understanding of customer requirement
and should provide a way to treat them as most important entity in business.
 Technology should create the scope for employee to innovate and learn by
allowing them freedom to think and add value to organization.

Innovation and technology are not different theme when we think about strategy
implementation, Innovation govern technology at most of the case and reverse also
happens but innovation needs to nurtured and cultivated at each level. Following are
some fact leading innovation.

 Innovation generally takes place when it has been provided a scope that is
employee implementing strategy should be evaluated on the lagging parameters
but should be given chance to innovate and communicated their knowledge.
 Clear goal should defined while implementation but the people actually
implementing the critical function must be listened and given chance to speak.
 Innovation aligned to strategy at each level must be rewarded and promoted
at each organizational level.
 Innovation must be evaluated as a integrated part of assessment programs
of employees and managers.

A key challenge in innovation is maintaining a balance between process and product

innovations where process innovations tend to involve a business model which may
develop shareholder satisfaction through improved efficiencies while product innovations
develop customer support however at the risk of costly Research and Development that
can erode shareholder return.
Building and implementing winning strategic plans is a continuous journey, requiring
routine reviews and refinement of the measures and the strategic plans themselves. By
partnering with internal teams, stakeholders and trusted external consultants, leaders
can develop better strategic plans and implement them more successfully.