Implementing strategy requires managerial skills beyond just crafting strategy. There are eight key actions to effectively implement strategy: 1) build an organization with the right people and competencies, and an appropriate structure to support the strategy; 2) marshal necessary resources to strategic initiatives; 3) institute policies and procedures to align actions with strategy; 4) pursue best practices and continuous improvement through benchmarking and reengineering; 5) develop information and operating systems to facilitate strategy; 6) tie rewards to strategic goals and results; 7) shape a culture supportive of the strategy; and 8) provide leadership throughout implementation.