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Online Courses Professional Development Business Skills Strategic Business Planning: Strategy Implementation

Strategic Business Planning: Strategy Implementation

Created by: Sentinel | 9
5.0 1,147 views Prime
Last Updated 11/2020
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What you'll learn

Understand the theoretical and practical knowledge of strategic business planning to generate solutions to improve current practice.
Critically analyze information from a wide range of sources to demonstrate research skills, show initiative in consulting the academic literature and demonstrate the capacity to document the outcomes with sound analysis and recommendations.
Examine the key challenges faced by strategic business planners and conceptualize a strategic response to overcome these challenges.

Skills covered in this course

14.4 Business Planning 4 - Strategy Implementation

Overview

FAQs

Description

Description: This course has been designed to introduce a variety of aspects of international business. Globalization and growing international trade amongst many different countries have brought new challenges and opportunities for many new economies and established economies.

This course features dynamic and engaging video with audio narration, infographics and short quizzes to test your knowledge. 

 

Background: Once a strategy has been formulated, processes and procedures need to be devised to ensure it is properly implemented. The strategy is about how an organisation will achieve its goals; the implementation process is about how the strategy will be enacted. Strategic implementation is the next step for successful executions. Sergio emphasised that even a ‘masterfully formulated strategy becomes useless if not well implemented’. The Implementation is the key determinant of success or failure that is deeply connected to the formulation process, and the functioning and structure of the organization. Hanson et al. outlined that successful implementation requires:
• A management team with a dedication to the company’s strategy, vision and mission.
• Building and maintaining stakeholder relationships.
• Sufficient resources, including human resources, directed to relevant tasks and projects.
• A formal reporting method to track the implementation steps of the strategy.
• Maintaining flexibility to allow for the strategic direction and activities to be modified where is demanded by the marketplace.

Business theories and frameworks help guide strategic formulation, implementation, and execution. Samimi highlighted that implementation typically deals with spot indicators. Spot indicators show how the business is doing now, as opposed to lead indicators that indicate where the business or market might be heading. Implementation associated with spot indicators such as units per day produced or labour used are rate indicators that transform a lead indicator into a lag indicator.

The implementation process also involves acquiring the requisite resources, developing the process, training, process testing, documentation, and integration with (and/or conversion from) legacy processes. The following sections will outline the information necessary to identify the firm’s external prospects and internal resources (Gap Comparison), the firm’s routine actions (processes, procedures & communication), and the firm’s general operations and planning.

Author

Sentinel | 9

90 Courses

Sentinel | 9 specializes in Business Education and Professional Development for managers and executives. Their catalog includes courses in Business Strategy, Marketing, Finance, and Digital Transformation. Each program blends academic knowledge with workplace application, making them ideal for corporate learners. Sentinel | 9 helps organizations strengthen management capabilities while supporting ongoing employee development. Their concise, modular training aligns with the needs of today’s business environment.

Frequently Asked Questions

This course is designed for employees who need to complete Strategic Business Planning: Strategy Implementation training

Yes. This course is designed to meet applicable federal requirements and commonly mandated state standards. Always confirm specific state or industry requirements with your local regulations.

The course takes approximately 60 minutes to complete and can be paused and resumed at any time.

No. This course does not include a certificate of completion.

Yes. You can assign this course to individuals or groups using Coggno’s LMS, or purchase multiple seats for your team.

Yes. This course can be exported for delivery in most learning management systems (SCORM compatible).

Yes. The course is fully self-paced and available 24/7.

Yes. This course includes a knowledge check to reinforce learning and verify completion.

Learners have lifetime access from the date of purchase.

Yes. A preview is available so you can review the course format and content before purchasing.

Yes. Content is reviewed and updated as regulations and best practices change.

Yes. This course is available for free with an active Prime Subscription.

Yes. Refund requests can be submitted within 30 days of purchase.