1 The implementation phase of a strategic plan is a critical step where the theoretical framework of a plan is actualized. This phase directly determines what is put into practice from the theoretical model. The implementation stage directly determines the extent to which strategic objectives and the larger organizational success are achieved. Other activities of the project implementation phase include resource allocation, quality control risk management, performance monitoring, problem-solving, and documentation (Hussey, 2007). Indeed, the implementation phase of a strategic plan is where the goals of the strategic plan are achieved through the appropriate allocation of resources and task assignment and execution to achieve the predetermined objectives. Besides, effective implementation maximizes available resources, including human, financial, and technological assets. Proper management of such resources during the implementation phase ensures that they are directed toward the most impactful areas of the project to maximize positive project outcomes. The implementation phase is also useful in providing a feedback loop for an organization by allowing the team to monitor progress and measure results against the predefined goals (Hussey, 2007). Such feedback helps the team identify the extent to which the project objectives are being met and any discrepancies between the actual and the expected outcomes to allow continuous improvements and adjustments, preventing a probable progression of errors. Among the frameworks designed to measure performance against set objectives is the balanced scorecard. It evaluates performance from four key perspectives: financial, customer, internal processes, and learning and growth, providing a comprehensive view of the organization's progress. Key Performance Indicators (KPIs) are also essential tools in offering evaluation metrics relative to strategic goals. Reference
2 Hussey, D. E. (2007). Strategic management: from theory to implementation. Taylor & Francis.
Response Hello Sicily, I completely agree with your perspective on the implementation phase of a strategic plan. Tools like ERP systems can help in managing resources effectively to ensure that the goals of strategic planning are achieved. KPIs also serve as measurable values to demonstrate how effectively a company is achieving predetermined business objectives (Hussey, 2007). The use of strategic management tools such as SWOT (Strengths, Weaknesses, Opportunities, Threats) analysis and the balanced scorecard is equally beneficial to offer a structured approach for organizations to assess their internal and external environments. This helps track performance during the implementation phase, mitigate probable risks, and maximize positive performance outcomes. Reference Hussey, D. E. (2007). Strategic management: from theory to implementation. Taylor & Francis.