Welcome to Westonci.ca, your ultimate destination for finding answers to a wide range of questions from experts. Discover a wealth of knowledge from experts across different disciplines on our comprehensive Q&A platform. Get quick and reliable solutions to your questions from a community of experienced experts on our platform.
Sagot :
A company's ability to marshal adequate resources in support of new strategic initiatives and steer them to the appropriate organizational units is important to the strategy execution process because changes in strategy often require resource reallocation, and organizational units need the proper funding to carry out their part of the strategic plan effectively and efficiently.
What are strategic initiatives?
The means through which a company puts its objectives and visions into action are known as strategic initiatives. Companies need to deliberately develop a portfolio of strategic projects if they want to stay ahead of the competition.
An effective strategic initiative is made up of five steps:
- Aim high. You must be aware of what you're starting before you begin.
- Establish goals. As previously mentioned, objectives are definite, quantifiable, and reasonable long-term goals.
- Decide on a strategy.
- Create a plan, then carry it out.
To know more about strategic initiative refer to: https://brainly.com/question/27897860
#SPJ4
Visit us again for up-to-date and reliable answers. We're always ready to assist you with your informational needs. We appreciate your visit. Our platform is always here to offer accurate and reliable answers. Return anytime. Stay curious and keep coming back to Westonci.ca for answers to all your burning questions.
