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The business strategy must be translated into a set of clear short-term operating objectives in order to execute the strategy. Key issues, elements, and needs of strategy must be translated into objectives, action plans, and “scorecards” and this translation is an integral and vital part of the execution process. Developing this set of clear objectives, that relates logically to the strategy and how the organisation plans to compete, is an important aspect. Having a concrete, detailed and comprehensive implementation plan can have a positive influence on the level of success of an implementation effort. In addition it helps identify what will be required in terms of resources, capabilities and time If manager knows this, then we can ensure that he know the mission and able to express and implement.
The Correct and Best Answer added by: Sanjay Gupta Manager- Finance and Accounting 7 days ago