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However, while managers should tailor their approaches to the situation, the following
managerial tasks have to be covered no matter what the organization’s circumstances:
- Building an organization with the competencies, capabilities and resource strengths to
carry out the strategy successfully,
- Developing budgets to steer ample resources into those value chain activities critical to
strategic success,
- Establishing strategy-supportive policies and procedures,
- Instituting best practices and pushing for continuous improvement in how value chain
activities are performed,
- Installing information, communication, e-commerce and operating systems that enable
company personnel to carry out their strategic roles successfully day in and day out,
- Tying rewards and incentives to the achievement of performance objectives and good
strategy execution,
- Creating a strategy-supportive work environment and corporate culture,
- Exerting the internal leadership needed to drive implementation forward and keep
improving on how the strategy is being executed (Thompson and Strickland, 2010).
Titany answered the question on October 19, 2021 at 13:19
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