Factors affecting strategic management implementation

factors affecting strategy formulation pdf

For example, a law requiring you to reduce your carbon footprint may necessitate the review of your production or supply chain management strategies in order to comply with the new requirements.

You must adjust the existing strategies of your business to incorporate the requirements of the new laws.

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Your company must adjust existing strategies and develop new ones to reconcile and realign the missions and objectives of the organization. Transformations in Organizational Structure Structural transformations, such as mergers acquisitions and expansion to international markets, necessitate strategic realignment.

Factors affecting strategic management implementation

Technological Forces in Strategic Management Your company may change strategies due to the availability or lack thereof of adequate technological capabilities. For example, the growing influence of e-commerce may prompt your business to abandon brick-and-mortar distribution strategies and embrace online distribution strategies. For example, challenges such as product imitations by competitors pose threats to your competitive advantage. For example, a law requiring you to reduce your carbon footprint may necessitate the review of your production or supply chain management strategies in order to comply with the new requirements. Publication date: 4 September Abstract Purpose The purpose of this paper is to study the operational process factors that affect successful strategy implementation in the Middle East. Further, resource availability was ascertained to be the most influential factor, followed by control and feedback, then by communication, while people factor showed no effect on the implementation process. Businesses employ strategic tools such as a SWOT analysis to examine strengths, weaknesses, opportunities and threats and change the existing strategies. Competition from Other Businesses Rising competition in target markets triggers urgent reviews of strategies in efforts to enhance competitive advantage. Practical implications It is advised that, during the implementation phase, company management should provide staff employees with the necessary training and instructions to link employee performance with the overall reward and compensation system in the organization and to strengthen effective communication and coordination.

Further, resource availability was ascertained to be the most influential factor, followed by control and feedback, then by communication, while people factor showed no effect on the implementation process.

Technological Forces in Strategic Management Your company may change strategies due to the availability or lack thereof of adequate technological capabilities.

factors affecting successful implementation of economic plans

Changes in Executive Management Changes in the composition of the board of directors or exit of chief executive officers influence changes in strategy.

References 3.

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Factors Influencing Changes in Strategic Management