Strategy management essay on Implementation, control and follow-up

The implementation of these strategies will have to be done in phased manner starting with the short term alternatives till the time the businesses come on board with the group philosophy and objectives. A typical period of 2-3 years should be set for stabilization before the company starts activities for long term strategies. Once the stabilization is complete then the optimization of resources along with other long term strategies should be implemented.

The monitoring of these activities should be done by analysing the balance sheet and income statement of the company showing the underlying profitability. Any gaps in achieving profitability targets must be followed-up and closed. The CSR activities might be put on hold till stabilization period.

Overall, the company has to plan, co-ordinate, implement and monitor its strategies and change them accordingly.

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