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Best Practices In Strategic Implementation

Best Practices in Strategic Implementation

Best Practices in Strategic Implementation
This paper will look at three areas of best practices in strategic implementation from multiple companies and cultures. Resource allocation and prioritization, company risk management, and project network development are vital areas within project management where organizations need to have success effectively completing on-going projects.
Sarah's part - Resource Allocation and Prioritization
Resource allocation and prioritization is an important piece to having a successful project. Resource allocation and prioritization requires using limited resources to the best possible use; prioritizing which expenses must be met versus which expenses can be put off until more funding can be obtained or until after the project is completed. SUPERVALU used resource from other companies to acquire Albertsons, Inc.'s premier properties. SUPERVALU strategically handpicked the locations to get the best for the money they were putting into the acquisition.
Brief Overview
SUPERVALU operates retail grocery and pharmacy stores, distribution operations, and third-party business assistance for both small and large companies. They are the main food distributor for 2,200 retail food stores (excludes their own retail stores) in 40 states (Datamonitor, 2007) and the secondary distributor for another 400 food retailers (Datamonitor, 2007). With the acquisition of Albertsons, they currently operate 2,478 retail locations under 12 different banners. SUPERVALU has combined a unique blend of retail operations, distribution operations, and third-party food retailer support through successful acquisitions and the careful allocation of their resources.
History
SUPERVALU ‘s history began almost 140 years ago when Hugh G. Harrison provided the funding for a dry goods wholesaler named B. S. Bull and Company (SUPERVALU, 2007). B. S. Bull and Company was based in Minneapolis, MN. Beginning in 1924...