Journal of Management Research

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Strategic Implementation as a Core Competency


Affiliations
1 Texas A&M University - Commerce Texas 75429
2 The University of Texas at Permian Basin 4901 E. University Odessa, Texas 79762
     

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Whereas strategy formation has received robust examination in the literature, explicit guidance toward strategy implementation has been meager. Unfortunately, most strategic planning efforts fail during this crucial phase wasting significant resources already invested. Because of the abysmal success rates in plan realization, we suggest that the systematic strategy implementation requires a more integrative methodology. While it is feasible to theoretically separate the academic domains of strategic management, operations management, organizational behavior, etc., such an approach is not pragmatic for organizational leaders charged with conceptual execution. These leaders would benefit from a more inclusive framework so that strategic implementation, as opposed to the myopic focus on strategy formulation, might emerge as a core competency. Based upon this premise, we integrate theory and research from supposed disparate business disciplines to offer the 5P's model, a universal, comprehensive representation of effective strategy implementation.

Keywords

Strategy Implementation, Core Competency, 5 P's Model
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  • Strategic Implementation as a Core Competency

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Authors

Mildred Golden Pryor
Texas A&M University - Commerce Texas 75429
Donna Anderson
Texas A&M University - Commerce Texas 75429
Leslie A. Toombs
The University of Texas at Permian Basin 4901 E. University Odessa, Texas 79762
John H. Humphreys
Texas A&M University - Commerce Texas 75429

Abstract


Whereas strategy formation has received robust examination in the literature, explicit guidance toward strategy implementation has been meager. Unfortunately, most strategic planning efforts fail during this crucial phase wasting significant resources already invested. Because of the abysmal success rates in plan realization, we suggest that the systematic strategy implementation requires a more integrative methodology. While it is feasible to theoretically separate the academic domains of strategic management, operations management, organizational behavior, etc., such an approach is not pragmatic for organizational leaders charged with conceptual execution. These leaders would benefit from a more inclusive framework so that strategic implementation, as opposed to the myopic focus on strategy formulation, might emerge as a core competency. Based upon this premise, we integrate theory and research from supposed disparate business disciplines to offer the 5P's model, a universal, comprehensive representation of effective strategy implementation.

Keywords


Strategy Implementation, Core Competency, 5 P's Model

References