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Whatever the industry or the size of the business the successful management of strategic business relies on a consistent process that involves all employees. A well-planned strategy requires significant amount of time and money on the part of top executives, and the process may take months to an entire year before the organization finally settles on a direction and a plan for implementation.

The next step is to set up a regular schedule of meetings that will focus on the progress made and achievement of the goals set out in the stage of strategy planning. This is an important phase in the process and companies frequently skip it. This is why it’s essential to schedule regular meetings at least once a month, and for a period of two hours. The meeting should be inclusive of all managers, from highest level to front-line employees. The agenda should focus on ensuring that the strategic management is being implemented, and that the strategies are effectively implemented.

It is also important that the meetings are led by someone who is trained to use the strategy management software such as OnStrategy. This person could be the leader of the strategy management team and can ensure that the process is being properly executed and that any information required for meetings to be successful is collected and shared. The final part of this phase is to ensure that all of the plans of the functional departments are in alignment with those set out in the strategic management process. For instance the finance department should create budgets that are in line with the plans that are outlined in the strategy management process, and IT should develop plans for infrastructure and application projects that support strategic initiatives.

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