Business Policy and Strategy

Running head : BUSINESS POLICY AND STRATEGY

Business Policy and Strategy

Name

Strategic Planning and Strategic Implementation

Strategic planning as an art is a strategic framework that functions as a context for all activities curried out , it encompasses what one will and will not do in an organization . This art and discipline demands a creative and out-of-the-box thinking which involves the discipline of logical thinking and flawless execution of objectives . To stay competitive therefore , an organization must formulate a strategy , be challenged , tested , and frequently updated . Strategic planning helps an

organization develop a competitive advantage that results from using a rigorous , analytic process . This will help explore and assess strategic options thus plan and execute an organization 's objectives to results in a clear , specific strategy to create a strong sense of involvement and strategic ownership (Nelson Judith , 2004

Strategic implementation on the other hand entails executing change at different levels of an organization . It involves how to use the tools of strategic planning and how to you use the tool . Businesses always fail to achieve their strategic objectives since they do not perform a successful connection with the operating goals . Effective communication therefore as a strategic implementation tool among stakeholders is vital in running of an effective business , allocation and management of sufficient resources is thus necessary . Implementation will require assigning responsibilities of specific tasks or processes to specified individuals or groups in the organization

It also encompasses managing the processes including monitoring processes , comparing benchmarks and best practices provided...