Once company managers have decided on a strategy, the emphasis turns to converting the strategy (and any associated strategic plan) into actions and good results. empowering employees to revise and reorganize value chain activities to match the strategy. establishing policies and procedures that instruct company personnel in the ways and means of executing the strategy. developing a detailed implementation plan that sets forth exactly what every department and every manager needs to do to proficiently execute the company's strategy. building the core competencies and competitive capabilities needed to execute the strategy.