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How to Plan and Execute Strategy: 24 Steps to Implement Any Corporate Strategy Successfully Table of Contents Planning and executing strategy Appreciate the benefits of strategic management Understand the logic of the process Assess your readiness Planning to plan and getting organized Define your businesses Assess your current situation Understand your business model Know your market Assess the competitive landscape and forces of change Understand your opportunities and threats Set feasible goals and objectives Create the strategies to achieve your objectives Identify and set priorities for the strategic initiatives The holding company strategic plan The business level strategic plan Write your business plan Write your annual plan Get the right people Communicate the strategy and obtain commitment Establish alignment with structure, systems, and culture Integrate across functions Execute your strategy with discipline Monitor results, evaluate, and react Learn, change, and institutionalize
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