9.1.4 How Strategy Implementation will be successful?

Very often small companies do not have the necessary resources to develop a good strategy; there can also be a lack of understanding and experience on the subject resulting in bad strategy implementation. Some common difficulties are

• the plan does not identify required actions - there are no clear and measurable goals and activities, team members do not know their responsibilities;
• the strategy is not updated;
• there are not enough resources allocated for strategy implementation;
• the manager changes his vision for strategy implementation too quickly;
• the manager is trying to do too much in too short time;
• lack of commitment on the part of management team;
• internal resistance to changes;
• incorrect estimation of time and efforts required;
• unrealistic expectations in terms of potential benefits;
• inadequate knowledge and skills;
• bad communication.