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Implementation answers the question of how strategies will be realized, given available resources. The conceptual framework for strategy implementation lacks the structure and discipline found in strategy formulation. Implementation requires action and completing tasks; the latter frequently means mission-critical projects. Therefore, implementation must include attention to several key areas. First, completing tasks requires allocation of resources. Resources typically represent funds, people, management talents, technological skills, and equipment. Frequently, implementation of projects is treated as an "addendum" rather than an integral part of the strategic management process. However, multiple objectives place conflicting demands on organizational resources. Second, implementation requires a formal and informal organization that complements and supports strategy and projects. Authority, responsibility, and performance all depend on organization structure and culture. Third, planning and control systems must be in place to be certain project activities necessary to ensure strategies are effectively performed. Fourth, motivating project contributors will be a major factor for achieving project success. Finally, an area receiving more attention recently is prioritizing projects. Although the strategy implementation process is not as clear as strategy formulation, asll managers realize that, without implementaion, success is impossible PREVIOUS: Analyze and Formulate Strategies to Reach ObjectivesNEXT: Lack of a Strategy Creates Problems: Connection of Projects to Strategic Plan |