Implementing a strategy

The strategy must be implemented as a foolproof action, which can be broken down into three stages:

• Identifying measurable commonly set annual goals
• Developing special functional strategies
• Developing and binding concise policy-making, for decision-making

Yearly goals

Annual goals represent concrete, measurable plans for what an organizational sub-unit should do to contribute to the fulfillment of the main business strategy. Annual goals focus on implementation through the transformation of long-term goals into concrete and short-term goals. While such goals clarify the long-term purpose(s) of the main strategy and the basis for assessing the success of the strategy, they are less useful for guiding...