Strategy implementation problems in small companies - research results Cover Image

Problemy wdrażania strategii w małych przedsiębiorstwach – wyniki badań
Strategy implementation problems in small companies - research results

Author(s): Przemysław Wołczek
Subject(s): Economy
Published by: Wydawnictwo Uniwersytetu Ekonomicznego we Wrocławiu
Keywords: strategy; strategy implementation; implementation problems; small companies

Summary/Abstract: The literature on the strategic management emphasizes the essence and importance of both good formulation and proper implementation of the strategy. However; the observation of business practice shows that while companies have quite highly developed skills in the area of strategy formulation; at the same time they are characterized by a surprisingly low level of skills in the scope of effective implementation of the strategy. Among the factors that affect the effectiveness of the implementation process there are mentioned among others: poorly developed leadership skills among management staff; an improper allocation of decisionmaking powers; incompetent communication of the strategy; lack of the ability to manage changes; or lack of appropriate motivators associated with the strategy being implemented. In this article we will discuss whether small companies that achieve market success are also facing similar problems in the strategy implementation process. Based on the results of the research conducted as a part of the project entitled “The implementation of the strategy in the organization – model; determinants and implications”1; there will be presented five key problems that have been faced in the strategy implementation process by small companies that can be considered to be effective in implementing their development concepts. It appears that the implementation of the strategy in such companies is usually hindered by the changes occurring in the environment. In turn; most problems in the strategy implementation process are caused by the lack of sufficient financial resources to implement the strategy.

  • Issue Year: 2016
  • Issue No: 420
  • Page Range: 422-434
  • Page Count: 13
  • Language: Polish