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TPF3703 Assignment 4 (Detailed Answers) Portfolio 51 Due August 2025 graded A+ 1 Comment on the importance of strategy implementation as a component of the strategic management process. (5) - correct answer-The importance of strategy implementation in

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TPF3703 Assignment 4 (Detailed Answers) Portfolio 51 Due August 2025 graded A+ 1 Comment on the importance of strategy implementation as a component of the strategic management process. (5) - correct answer-The importance of strategy implementation in

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TPF3703 Assignment 4 (Detailed
Answers) Portfolio 51 Due August 2025
graded A+




1 Comment on the importance of strategy
implementation as a component of the strategic
management process.
(5) - correct answer-The importance of strategy
implementation in strategic management process
is more about creating change that is timely and
appropriate. Organisations could in the past make
incremental changes to keep pace, but change is
increasingly revolutionary and disruptive.
Organisations have to deal with products being
made obsolete in a very short space of time, and
products have shorter life cycles. Moreover even
if they are the leading competitor the disruption
may come not from the competitors in the same
industry, but from organisations in other industries
that have a business model that is unexpected.
Overall strategic change that is not managed well
will have little value if plans are not implemented

, timely. As plans themselves may be obsolete by
the time a strategic plan is implemented.

Discuss five (5) reasons why strategy
implementation in an organisation might fail. (5) -
correct answer-9/10 organisations fail to
implement strategy successfully.
Vision Barrier. Only 5% of the workforce
understands the vision and strategy.
Management Barrier. 85% of top management
teams spend less than an hour on strategy.
People Barrier. Only 25% of managers have
rewards linked to strategy.
Resource Barrier. 60% of organisations do not
link budgets to strategy.
Other reasons why strategy implementation might
fail include:
Inadequate resources.
Poorly communicated strategy.
Implementation actions that are not clearly
defined.
Unclear accountability for implementation actions
and initiatives. Inadequate performance targets.
Inadequate rewards. Poor leadership

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