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Week 8: Effective Execution of Corporate Strategy Copy


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Nik Shazana November 1, 2022

Introduction

Strategy execution is about translating an organization’s strategic initiatives into action. As the final step in what can sometimes be an arduous process, strategy execution is vitally important to get right for your company, especially if it is a key component of its business transformation.

In practical terms, that means translating the strategic initiatives spelled out in your plan into specific measures that your organization will undertake over a defined timeframe. For many business managers, strategy execution is a moment of truth: will all the high-level plans and multi-year projects come to fruition as envisaged?

Strategic initiatives are usually aligned with a company’s vision statement or list of priorities, so it is important for you to follow through with high impact.