Questions: The first step in strategy implementation involves articulating in simple language what a particular business must do to create or sustain a competitive advantage. This step involves Multiple Choice - assessing organizational capabilities. - developing a mission statement. - creating an implementation plan. - defining strategic tasks. - developing an implementation agenda.

The first step in strategy implementation involves articulating in simple language what a particular business must do to create or sustain a competitive advantage. This step involves

Multiple Choice
- assessing organizational capabilities.
- developing a mission statement.
- creating an implementation plan.
- defining strategic tasks.
- developing an implementation agenda.
Transcript text: The first step in strategy implementation involves articulating in simple language what a particular business must do to create or sustain a competitive advantage. This step involves Multiple Choice assessing organizational capabilities. developing a mission statement. creating an implementation plan. defining strategic tasks. developing an implementation agenda.
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Solution

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The answer is D: defining strategic tasks.

Explanation for each option:

A. Assessing organizational capabilities: This involves evaluating the strengths and weaknesses of an organization to understand what it can achieve. While important, it is not the first step in strategy implementation.

B. Developing a mission statement: A mission statement outlines the purpose and values of an organization. It is a foundational element of strategic planning but not specifically the first step in implementing a strategy.

C. Creating an implementation plan: This step involves detailing how a strategy will be executed, including timelines and resources. It follows the definition of strategic tasks.

D. Defining strategic tasks: This is the correct answer. It involves clearly identifying the specific actions and objectives that need to be accomplished to achieve a competitive advantage. It is the first step in strategy implementation as it sets the direction for subsequent actions.

E. Developing an implementation agenda: This involves scheduling and prioritizing tasks for strategy execution. It is a part of the implementation process but comes after defining strategic tasks.

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