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Business Strategy

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Table of Contents

Abstract ...................................................................................................................................... 2
1 Factors affecting the implementation of a strategic plan .................................................... 3
a) Clear and action oriented strategic plan .......................................................................... 3
b) Formulation of strategic plan implementation team ................................................... 3
c) Implementation tactics .................................................................................................... 3
d) Relationship with stakeholders.................................................................................... 3
e) Commitment ................................................................................................................... 4
f) Organizational structure .................................................................................................. 4
g) Communication ........................................................................................................... 4
2 Schedule for the implementation of strategy ...................................................................... 4
3 Design monitoring system for the implementation of strategic plan .................................. 5
4 Analysis and Evaluation framework................................................................................... 5
5 Evaluate how leadership, organizational culture, and management of change can impact
on the implementation of the business strategy ......................................................................... 6

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Abstract

This report presents the factors that affect the implementation of a business strategy and plans.
The organization selected for the report was Spark NZ that aimed to go for 5G internet and
communication services in the year 2020. This strategic objective of the company is clear and
attainable for this purpose a schedule is developed for the implementation of the plan,
monitoring design and evaluation of the framework to ensure the successful implementation of
the plan. The report also evaluates how leadership, change management, and organizational
culture impact the implementation of the strategic plan.

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1 Factors affecting the implementation of a strategic plan
Some of the factors that may affect the implementation of the strategic plan of Spark NZ can
be discussed as follows:

a) Clear and action-oriented strategic plan


It is highly important that business organizations develop a clear and attainable strategic plan
through actions. If the strategic plan of the company is poor and vague then can limit the
implementation of the plan because of its vagueness. A clear and attainable strategic plan is
most important for the implantation of the strategy. In the case of Spark NZ, the company has
developed a strategic plan to go 5G by the year 2020. This is a clear and action-oriented plan
that requires the company to take steps to implement the plan within the time frame (Stanleigh,
2011).

b) Formulation of a strategic plan implementation team


Human resource is the backbone of any organization and for the successful implementation of
the strategic plans of the company. It is highly important that organizations formulate an
effective team for the implementation of the strategic plan. The right people must be selected
from the existing employees and if it is required company can hire new employees for the
implementation of the plan. In the case of Spark NZ company can hire experts in the 5G internet
and communication can technologies who can lead and guide the team in the right direction
(Stanleigh, 2011).

c) Implementation tactics
The implementation tactics used by the management and leadership of the organization also
affect the implementation of the strategic plans of a company. It is also important that how the
management of the Spark NZ manage the change and use tactics such as intervention,
participation, and persuasion to implement the strategic plan of the company (Cole, 2019).

d) Relationship with stakeholders


Another most important factor that affects the implementation of the strategic plan of a business
organization is the relationship with stakeholders. In the case of Spark NZ, if the management
of the company successfully manages its relationship with all the stakeholders then it is most
likely to successfully implement the strategic plan. If the company fail to manage the
relationship with its stakeholders such as suppliers or vendors who provide support and
equipment then Spark will not be able to implement its plan (Stanleigh, 2011).

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e) Commitment
Commitment is another important factor that affects the implementation of the strategic plans
of an organization. If the company does not get continuous support and commitment from the
employees and strategic plan then the strategic plan of the company might fail. Similarly in
case of Spark NZ if the company does not receive support and commitment from its employees
to work to achieve the strategic plan of introducing 5G internet technology then the
organization may fail to achieve its plan (Cole, 2019).

f) Organizational structure
The organizational structure of an organization is also an important factor that impacts the
implementation of the strategic plan of the business organizations. The organization strategic
plan may differ with the existing organizational structure of the company, therefore, it is
important that the company’s organizational structure must be aligned with the strategic plan.
In the case of Spark NZ, the company aims to make some changes in the organizational
structure to implement the future objectives and strategic plans of the company (Cole, 2019).

g) Communication
Communication is the key to success of any business strategic plan. In case of Spark NZ it the
responsibility of the leadership and management of the company to communicate the strategic
plans to the concerned persons and team members so that they can work in the right direction
and mutual goal. Communication also plays a great role in motivating the employees as they
feel engaged and part of the organization strategic plans (Stanleigh, 2011).

2 Schedule for the implementation of the strategy


The accurate development of a schedule and timeline for the implementation of a strategic plan
is highly important for business organizations. Spark NZ can use the Gantt chart to present and
develop the schedule for the implementation of the strategic plan. A Gantt chart is a graphical
representation of all the tasks with the timeline/time period for the execution and
implementation of the strategic plan (Gantt, 2017). Companies must develop a series of
activities and dates to develop the schedule using a Gantt chart. The schedule for implementing
a 5G internet service plan for the year 2020 can be presented as follows:

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Jan2019 Feb2019 Mar2019 Apr 2019 May- Sept-Dec
Aug 2019 2019

Developing the strategy

Budgeting and planning for


implementation

Development of the
monitoring system

Execution and Evaluation of


the strategic plan

Figure 1: presenting the strategy implantation schedule

3 Design monitoring system for the implementation of the strategic


plan
After the development of the schedule for the strategic plan implementation, it is important that
the organization develop a monitoring system to ensure that all the steps are followed and all
the milestones are achieved to move to the next level of the strategic plan. The regular meetings
with the team members and discussions about all the milestones and tasks for each step of the
strategic plan are important. The team leader and management must monitor the
implementation of each phase or stage of the strategic plan and evaluate the outcomes of the
strategy (Smart, 2012). This will enable the company to keep the regular checks on each stage
of the plan implementation and save the company from any major crisis. The regular meetings
and checks on the tasks of the plan will also keep the team members alert and engaged to ensure
the successful implementation of the plan (Hommes, 2012).

4 Analysis and Evaluation framework


After the development of the monitoring system, the management of the Spark NZ must
monitor and evaluate the framework designed for the monitoring of the implementation of the
strategic plan. At each stage of the strategic plan, the company must evaluate if the monitoring
system designed is effective or not. Company is achieving success in various stages of the
strategic plan or not. The analysis and evaluation of the framework enable the company to

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make necessary adjustments before any crisis or problem hit the company. This also provides
the company with a chance to adapt and modify the monitoring system according to the stages
of the strategic plan. The evaluation of the monitoring design and framework also develop the
culture where employees feel valued for their contributions. The analysis and evaluation of
monitoring system will also develop the culture in the organization where employees must get
his intimation that successful implementation of the strategic plan is extremely important for
the organization (Hommes, 2012).

5 Evaluate how leadership, organizational culture, and management


of change can impact on the implementation of the business
strategy

The leadership of the organization plays an important role in the implementation of the
organizations business strategy. It highly depends on how the leadership and management of
the company develop the tactics and plan for the implementation of the strategy. The leadership
of the company manages to engage the employees and ensure the employee commitment
towards the implementation of the strategy. It also matters that how the leadership of the
business organization communicate the strategic plan to the employees and team members to
keep them motivated and involved in the company’s future objectives (IQ, 2017). The
organization culture of the company also impacts the implementation of the strategic plan of
any business organization. If the culture of the company is vertical and does not involve the
participation and intervention to implement the strategic plan then it is most likely that the
strategic plan of the business might fail. Similarly, if the management does not create the
culture of communication and successful implementation of the strategic plans then it highly
impacts the implementation process. Strategic change management is also another important
tool that impacts the implementation of the business strategy. It is the responsibility of the
leadership and management of the company to effectively manage the change and
communicate it to the employees (Lumen, 2019). Business organizations must train their team
members and employees for the upcoming changes in the organization structure, software or
business tactics to ensure the successful implementation of the business strategy. The
organizations that fail to manage change cannot implement the business strategic plans
(Janicijevic, 2012).

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References

Cole, P. (2019). Factors Influencing Changes in Strategic Management. Retrieved from


smallbusiness.chron.com: https://smallbusiness.chron.com/factors-influencing-
changes-strategic-management-70223.html
Gantt. (2017). What is a Gantt chart. Retrieved from www.projectmanager.com:
https://www.projectmanager.com/gantt-chart
Hommes, T. d. (2012). Design and Implement a Monitoring system .
https://www.tdh.ch/sites/default/files/tdh_gmm_en_nouvelleversion_ang.pdf.
IQ, C. (2017). The Importance of Culture Management . Retrieved from cultureiq.com:
https://cultureiq.com/blog/role-leadership-changing-organizational-culture/
Janicijevic, N. (2012). The Infulence of Organziational Culture on Organizational
Preferences towards the Choice of Organizational Change Strategy. Economic
Analysis, 1(193).
Lumen. (2019). Managing Change for Organizations. Retrieved from Lumenlearning.com:
https://courses.lumenlearning.com/boundless-management/chapter/managing-change-
for-organizations/
Smart. (2012). From Strategy to Execution: How to Create a Sustainable, Repeatable
Implementation Plan. Retrieved from www.smartsheet.com:
https://www.smartsheet.com/implementation-plan
Stanleigh, M. (2011). 5 Key Factors to Successful Strategic Planning. Retrieved from
bia.ca/5: https://bia.ca/5-key-factors-to-successful-strategic-planning-2/

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