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previous:Responding to shifting market conditions also requires flexibility and adaptability. When new information becomes available and organizational capabilities shift, a successful strategy will inevitably change over time. The execution of a strategy depends on effective communication and stakeholder buy-in.NEXT:To achieve this, make sure that everyone is in agreement with the overarching strategic direction and knows their specific role in carrying out the plan. 2. Robust Leadership: The effective implementation of a strategy necessitates robust leadership capable of motivating others, reaching difficult choices when necessary, and fostering an environment of responsibility within the company. No 3. Flexibility: In order to adjust to shifting market conditions or new information as it becomes available, strategy execution needs to be flexible. 4. . Ongoing Monitoring: In order to spot any roadblocks or difficulties that may arise, effective strategy execution necessitates continuous monitoring of the status of goals and objectives. 5. . Effective implementation of new procedures or organizational structures frequently necessitates proactive change management.
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