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CA Intermediate · Financial Management and Strategic Management · Strategy Implementation and Evaluation

Sundaram Retail has a clear strategy but finds that its budgets, IT systems and incentive plans are not aligned with it. Which of the following is the best step to support implementation?

The best step is to allocate resources and align systems and rewards with strategic priorities. Implementation succeeds when budgets, IT, policies and incentives support the chosen strategy; rewording the vision, tracking more competitors or waiting for annual results does not remove this misalignment.

  1. AAllocate resources and align systems and rewards with strategic prioritiesCorrect
  2. BIncrease the number of competitors tracked
  3. CRewrite the vision statement in simpler language
  4. DWait for annual results before changing anything

Explanation

Implementation needs resources, systems, policies and rewards aligned with strategic priorities. Tracking competitors and rewording the vision do not fix the misalignment, and waiting delays corrective action.

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