Question

The ________ is a conversion strategy where the implementation occurs over time. for instance, only part of a new payroll system is initially implemented.

Answer 1

The phased strategy is a conversion strategy where the implementation occurs over time. for instance, only part of a new payroll system is initially implemented.

A strategy is an action a manager takes to achieve one or more organizational goals. A strategy can also be defined as "the general direction along which an organization and its various components will achieve the desired future state". Strategy is born out of a detailed strategic planning process.

Tactics refer to the specific actions taken to achieve the objectives set in line with the strategy. For example, Company A's strategy is to become the cheapest player in the smartphone market. Managers must then negotiate with suppliers to reduce the cost of electronic components used in production.

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