Question

Kaila, the owner of a costume shop, has a three-year strategic goal to serve 15 percent more customers and increase margins by 5 percent. to achieve this goal, she will lease the retail space next door. when she signs the lease and pays to remodel the space, this is an example of

Answer 1

When Kaila signs the lease and pays to remodel the space, this will be an example of strategy execution. This is being defined a stage in the strategic management in which the tools used in regards of the managerial and organization is being utilized in order to achieve one’s strategic outcomes. It could be seen in the scenario where Kaila decides on the goal she wants to achieve and how she may achieve them.