Strategy implementation is a hard thing to do. Here’s 5 key steps to ensure the successful implementation:
- Define clear goals of strategy
- Define roles and responsibilities
- Execution, monitoring and support
- Readjusting actions
- Project closure, research of end results
The first step to successful strategy implementation is identifying the end goals of the new strategy. It’s a very important step, as it’s difficult to create a solid plan of implementation without real understanding of the endgame.
It’s also important to understand that end goals must be realistic. Otherwise, it would demotivate company’s employees. Preparation stage must also include alternative plans to prepare for unexpected variables.
The second step is all about creation of a roadmap to accepted goals. It’s the phase of deep documentation when all the roles and responsibilities are clearly defined. Also, all defined roles must be explained to employees, as everyone should what to do, how to do it, who is responsible for it and how to interact with each other.
The third steps is where the action begins, setting the aforementioned plan into the motion. If everyone know their roles, then manager’s work mainly involves the monitoring of ongoing process, checking for progress and answering questions of employees.
During the strategy implementation project, it’s very important to introduce changes to the process, as it’s impossible to foreseen all possible issues. Manager have to be flexible and adjust the strategy to new realities, basing on monitoring that was done at the third step.
The final step of the project is, unsurprisingly, project’s closure and retrospective. After reaching the envisioned destination, manager should evaluate everything that was done. Dimerion Steelson (expert at ConsulSenses) advises answering the following questions:
- Did the company reached the stated goals?
- If it didn’t – why? What has to be done to reach them?
- What obstacles could’ve been predicted at the second key step?
- What exactly can be learned from the implementation process?
by The Editorial Board