(Mt) – STR/581 – Week 5 – Signature Assignment: Strategic Plan –

Hi, find attached the completed post for your review.Let me know if I should edit or change anything.Thank you.OutlineStrategic implementation refers to a process that puts strategies and plans into action and thusensures that desired goals are reached (Rothaermel, 2017), it is critical to the success of acompany since it addresses the who, how, when, and where of achieving the desired goals andobjectives.ObjectivesStrategic objectives are steps which are deemed necessary for a company’s strategic plan to besuccessful, strategies lead to the achievement of goals while objectives refer to elements ofstrategies that are assignable to individuals and teams (Rothaermel, 2017). As one of the leadingcompanies in retail merchandise industry, Big Lots, Inc has set objectives which it has to worktowards to ensure company success. These include;•To help people save lots of money on all kinds of products•To better customer experience and constantly improve customer satisfaction.•To continuously improve internal communications and thus improve employeeengagement and satisfaction rates.Functional TacticsThese refer to the key, routine activities which must be undertaken in each area of thebusiness that is functional such as finance, marketing, research and development, operations, andhuman resource management so as to provide the products and services of the business(Rothaermel, 2017). Functional tactics translate thoughts into actions that are designed toaccomplish specific objectives. Big Lots’ functional tactics include;•Provide customer excellent services by first understanding their needs and any challengesthey face.•Conducting adequate research on competitor pricing and the services provided.•Evaluate current procedures and policies and implement new ones aligned to thecompany’s objectives•Educate and train employees to ensure they are up-to-date with practices and standards inindustry.Action ItemsThese are day-to-day activities of the company over a specific time that enable realization ofthe strategic implementation p…

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