The Most Important Steps in the Strategy Implementation Phase

Course Work 7
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Course Work 7
Question 1
Of the three steps, the development of programs and tactics is the most important one. The success of the strategy depends to a great extent on the programs and tactics employed by the various individuals involved in the process. According to Tesone (2012), it is imperative for managers to make sound tactical decisions during the implementation phase in order for the strategic plan to yield successful results. Monitoring and tracking programs are critical to keeping the plan on course. It is important that the progress of implementation is monitored to avoid deviation. The programs determine the activities to be done and the progress made. Furthermore, the tactics employed by the manager determines whether the implementation will be successful or not. Therefore, the development of programs and tactics is arguably the most important step in the implementation phase.
Question 2
For an entrepreneur looking to open a new company, the biggest benefit...