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Effective Strategic Action: From Formulation to …
Effective Strategic action : From Formulation to Implementation Michaela Blahov Centre for Applied Economic Research, Faculty of Management and Economics Tomas Bata University in Zl n Zl n, Czech Republic Adriana Kn pkov Department of Finance and Accounting, Faculty of Management and Economics Tomas Bata University in Zl n Zl n, Czech Republic Abstract - Formulation and implementation of business strategies is often connected with CEOs, corporate heads of strategy or shareholders. A brilliant strategy may put a company on the competitive map and increase its performance. Unfortunately, most companies struggle with implementation. Enterprises generally fail at execution because they go straight to structural reorganization (which produces only short-term gains) and neglect the most powerful drivers of effectiveness decision rights and information flow.
the entrepreneur or a CEO and the results achieved. We have many useful frameworks for formulating business strategies, i.e. devising a theory of how to compete.
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