Having the right strategy is imperative to a successful business. First of all you need to align your initiatives. A new strategy means new priorities and new activities across the organisation, so make sure you don’t get stuck following the old strategy and make room for the new one. Next up, you need to align budgets and performance. Follow this up by structuring the organisation so it compliments the new strategy. Now, the important part: engaging staff. The key reason strategy execution fails is because the organisation doesn’t get behind it. Last but not least, you need to monitor the new strategy and adapt.