From the standpoint of promoting successful strategy execution

A. be completely free of such elements as tension, pressure, anxiety, job insecurity, and tight deadlines—a no-pressure/no-adverse-consequences work environment is essential.
B. emphasize only positive types of rewards.
C. accentuate positive rewards but also carry the risk of punishment for poor performance.
D. not deny rewards to employees who put forth good effort and try hard.
E. reduce job insecurity and give employees an incentive to stay busy and work hard.

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The Correct Answer for the given question is option C. accentuate positive rewards but also carry the risk of punishment for poor performance.

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Answer Explanation for Question: From the standpoint of promoting successful strategy execution

Table of Contents

Strategy Execution

Strategy execution is the process of implementing a strategic plan to meet organizational goals. It focuses on the structures, systems, and operational goals that set up the team for success. Despite the best strategic plans, 90% of businesses fail to reach their strategic goals due to a lack of execution, which researchers believe is due to a gap between strategic planning and execution.

Keys to Successful Strategic Execution

Some of the keys to successful strategic execution are:

i. Commit to a strategic plan:

The strategic plan must be agreed upon by all decision-makers and stakeholders before moving into execution. By committing to a strategic plan before implementing it, all decision-makers and their teams will be aligned on the same goals, creating an understanding of the bigger picture throughout the organization. Communication is critical to ensuring you and your colleagues start on the same page and stay aligned as time goes by. Strategies shouldn’t stay stagnant-they should adapt to new challenges and opportunities.

ii. Align jobs to strategy:

Companies often struggle with execution of strategy because employees’ roles aren’t designed with strategy in mind. This can occur when employees are hired before a strategy is formulated, or when roles are established to align with a former company strategy.

iii. Communicate clearly to empower employees:

Clear communication is crucial to the execution of strategy. Since 95 percent of employees do not understand or are unaware of the company’s strategy, communication is a skill worth learning. Train managers to communicate the impact of their team’s work, address the organization in staff meetings, and foster an environment that celebrates milestones on the way to achieving large strategic objectives to increase your organization’s performance and empower your employees.

iv. Measure and monitor performance:

In order to measure progress toward goals during the execution of a strategy, key performance indicators (KPIs) should be determined during the planning stage, and success should be quantified. With a numeric goal, your team and you can regularly track and monitor performance and assess what needs to be changed based on those results.

v. Balance innovation and control:

Innovative thinking is essential for company growth, but don’t let it derail the execution of your strategy. Create a process to evaluate challenges, barriers, and opportunities for innovation and control of your current strategy. Who is making decisions that may shift your strategy’s focus? What aspects are non-negotiable? When these questions are answered upfront, execution can be more clear.

Lastly,

I hope after going through this post you might have clearly understood the Question: From the standpoint of promoting successful strategy execution

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Smirti

(Founder of Management Notes)
MBA,BBA.

I am Smirti Bam, an enthusiastic edu blogger with a passion for sharing insights into the dynamic world of business and management through this website.

I hold a MBA degree from Presidential Business School, Kathmandu, and a BBA degree with a specialization in Finance from Apex College,

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From the standpoint of promoting successful strategy execution | Management Quiz