Lakhasly

1.**Implementation: Resource Allocation In this stage, resources such as finances, personnel, and technology are allocated to support the chosen strategies.- Organizational Alignment: The strategy is communicated throughout the organization, and structures, processes, and systems are adjusted to support its execution.This may involve changes in roles and responsibilities, workflow, and performance management

3.2.

1. 
   

   Formulation:
   Analysis:** This stage involves gathering and analyzing internal and external information to understand the organization's current position and the external environment.This involves identifying opportunities and threats, leveraging strengths, and addressing weaknesses to create a competitive advantage.

   
   


2. 
   

   **Implementation:
   Resource Allocation In this stage, resources such as finances, personnel, and technology are allocated to support the chosen strategies.- Organizational Alignment: The strategy is communicated throughout the organization, and structures, processes, and systems are adjusted to support its execution.This may involve changes in roles and responsibilities, workflow, and performance management

   
   


3. 
   

   Evaluation:

   
   

Performance Monitoring:** Key performance indicators (KPIs) are identified to assess the progress and impact of the implemented strategies.- Strategic Review: Periodic reviews and evaluations are conducted to assess the overall effectiveness of the strategy.Regular monitoring allows for timely adjustments and corrections to keep the strategy on track.