Strategic Business Implementation

Objectives

To understand the process of converting strategic business plans into action.
To establish the objectives, policies and procedures for implementation.
To organize resource allocation and work breakdown structures for effective and efficient implementation of the plans.
To regularly monitor the implementation progress and to rectify any deviation.
To ensure the setting up of contingency plans to address any urgent changes needed in the implementation process.
To evaluate the overall success of the implementation in terms of cost, schedule and financial performance.

Benefits

Systematically demonstrates the execution of the strategic plans, evaluating progress and performance, and making corrective actions as and when necessary.
Sets the ground rules on operational objectives, policies, resource allocation and work breakdown structures.
Builds leadership and motivational skills to execute the work process flow efficiently.
On the need to be proactive to respond to economic, political, social, technological and environmental changes to be sustainable and competitive in implementation.

Course Contents

INTRODUCTION

•
Definition of Strategic Implementation

•
Differences between Strategic Planning and Strategic Implementation

GROUND RULES FOR IMPLEMENTATION

• Annual Objectives -	For monitoring and evaluation
• Policies -	For coordination and control
• Resource Allocation :	- Financial - Human Resource - Material - Technological
• Work Breakdown Structures :	- Into individual work units
• Contingency plans -	For standby eventualities

IMPLEMENTATION PROPER

• Confirm Readiness -

On implementation process

• Monitor Implementation -

To measure performance

• Monitoring Instruments :

- Cost Performance
- Schedule Performance
- Financial Performance

•	Contingent Changes in Implementation -

To address immediate opportunities or threats

CONCLUSION

•
Implementation Evaluation - For recommendation to Management

•
Current Challenges in Strategic Management/Business Implementation

Duration: 2 Days