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    Characteristics of Successful Implementation

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    What company characteristics have impact on a successful implementation?

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    https://brainmass.com/business/accounting/characteristics-successful-implementation-163289

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    What company characteristics have impact on a successful implementation?

    Following company characteristics have impact on a successful implementation
    When strategy drives the planning process, implementation is eased. When new strategies are implemented, changes must often be made - particularly in terms of structure and processes in the organization. Implementation can also be eased as complexity is reduced. And finally, having key processes in place (including decision-making, problem analysis, opportunity analysis, situation analysis, and project management) will assist in effective implementation. Implementing strategy involves

    * Creating fits between way things are done & what it takes for effective strategy execution
    * Executing strategy proficiently & efficiently
    * Producing excellent results in timely manner

    * Most important FITS are between strategy AND
    - Organizational capabilities
    - Reward structure
    - Internal support systems
    - Organizational culture

    PRINCIPAL TASKS OF STRATEGY IMPLEMENTATION

    * Building a capable organization
    * Allocating ample resources to strategy-critical activities
    * Establishing strategy supportive policies & procedures
    * Instituting best practices & mechanisms for continuous improvement
    Following is required:

    1) Sound Planning is the first step of the success of the business. It will act as a guidance and road map for the organization.
    "A business plan is a summary of how a business owner, manager, or entrepreneur intends to organize an ...

    Solution Summary

    This solution discusses the characteristics of a company that impact its success.

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