How do critical milestones contribute to the successful implementation of strategic initiatives...
Question:
How do critical milestones contribute to the successful implementation of strategic initiatives of an organization?
Strategic Planning Process
The strategic planning process is the sequential steps that must be executed in order to support the firm's goals. The implementation process occurs once the planning process has been reviewed and modified.
Answer and Explanation:
Critical milestones are objectives reached on the way to fulfilling the strategic goals. Milestones are beneficial because they motivate employees to continue the behavior that got them to that point. Additionally, rewarding milestones contribute to implementation is reaffirmation that the firm is moving in the right direction.
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Chapter 9 / Lesson 17Learn about the strategic planning process and see how different strategic planning models are used. Study the steps of the strategic planning process with examples.