Only a good strategy which is also well implemented contributes to the success of a firm. Without strategy, execution is continually aimless. Without execution, strategy is considered useless. Mid-way through our strategy implementation, we are typically evaluating our implementation action points developed to achieve the goals set up to guide the process at the beginning of the year. Just as in life, proper business strategy formulation and implementation requires high-level planning, evaluation and control in order to achieve desired goals.

Source: Standard Digital July 04, 2016 12:33 UTC