Components of Management
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The first management component of implementing strategy is building a capable organization (Implementing, 2004). This involves selecting the right people for key positions with the background, know-how, talent and personal chemistry, and developing skills, core competencies, managerial talents and competitive capabilities in these people through training, motivation, empowerment, and cooperative networking. Business processes must be organized, value chain activities established, and also decision-making processes to that strategy can be successfully executed. The second component is the allocation of resources in a way that supports effective strategy execution, such as funding capital projects that can contribute to strate
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Some common words found in the essay are:
, implementing 2004, Implementing Strategy, strategy execution, implementing strategy, ethical standards, support systems, continuous improvement,
Approximate Word count = 493
Approximate Pages = 2 (250 words per page)
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