Resource Allocation: Once strategies are formulated, organizations allocate resources such as finances, human capital, technology, and infrastructure to support the implementation of those strategies. This involves prioritizing initiatives, establishing budgets, and allocating resources effectively to ensure strategic alignment.
Organizational Alignment: Strategy implementation requires aligning the organization’s structure, processes, systems, and culture with the chosen strategies. This may involve restructuring, redesigning processes, developing new capabilities, and fostering a supportive organizational culture.
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