Successful implementation of a given strategy is more likely when the business has the functional competencies demanded by its strategy.

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Functional competencies refer to the knowledge, skills, and abilities required to perform the tasks and activities necessary for the successful execution of a strategy. If a business possesses these necessary competencies, it is more likely to successfully implement its strategy. Conversely, if the business lacks the required competencies, it will struggle to carry out its strategy effectively.

Successful Implementation of a Given Strategy Is More Likely When