Difficulties with Implementing Strategy
- Created by: tanja soulsby
- Created on: 09-06-17 10:32
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- Difficulties with Implementing Strategy
- Lack of resources
- Money
- Skills
- Time
- Can make implementing strategy hard, especially if big changes are needed
- Heavy investment can mean less working capital for day-to-day activities
- Managers at all levels need to understand the strategy being implemented
- If not fully understood, could lead to problems
- Miscommunication
- Tasks being assigned incorrectly
- Managers not providing strong, clear leadership and communication to manage the change
- Employees might not embrace the changes needed
- Changing the structure of the company
- If a company delayers, will involve making redundancies
- Structure change could also lead to a change in the culture of the business
- If strategy sets out strict path for business
- May have difficulty implementing it in the future
- Lack of flexibility could mean that if the environment changes, the strategy will no longer be relevant
- Lack of resources
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