Explain the main tasks of the Strategy Execution Process that enable a firm to execute its strategy successfully and achieve target performance objectives? Business Other

Solution- According to me, the followings are the main tasks of the Strategy Execution Process that enable a firm to execute its strategy successfully and achieve target performance objectives- 1. Clarification of strategies 2. Recognition of capabilities of the organization 3. Identification and determination of gaps 4. Choosing investments 5. Monitoring strategy process Explanation- The strategy execution process gives a framework for managing, implementing, communicating, and clarifying the strategy. It includes several tasks that are essential in order to achieve the objectives. These tasks include clarification of the strategies, determining and assessing the capabilities of the organization, determination of gaps, choosing investments, and monitoring the entire process. References Neilson, G. L., Martin, K. L., & Powers, E. (2008). The secrets to successful strategy execution. Harvard business review, 86(6), 60