complete assessment 5 for business course bry

The final step in developing your strategic plan is to translate your strategy into action. A robust action plan contains

four elements:

Identification of specific actions to be undertaken in the next year or less.

Establishment of a clear time frame for the completion of each action.

Creation of accountability by identifying who is responsible for each action.

Determination of one or more specific, immediate objectives that the action should achieve.

Details Attempt 1 Available Attempt 2 Attempt 3

Functional tactics and monetary ramifications are the underlying details of your strategic action plan. Functional tactics

are short-term, narrow-scoped plans that detail the activities you will use to achieve your short-term objectives. The

monetary ramifications of your strategic plan will likely be expressed in both income and expenses, for example, the

amount of increased income anticipated by climbing the corporate ladder and the amount of money you may need to

spend on education or professional development.