STR 581 Implementation, Strategic Controls, and Contingency Plans

This assignment covers the key aspects of strategic implementation, including controls and contingency plans to manage unforeseen risks.

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Running Head:Implementation, Strategic Controls, and Contingency Plans1Implementation, Strategic Controls, and Contingency PlansSTR 581In your implementation plan for Orion Real Estate Services, Inc., you discussed several keyelements such as objectives, functional tactics, action items, resource allocation, and riskmanagement strategies. How would you prioritize these components to ensure the successfulexecution of the plan, especially in managing risks such as staffing, economic factors, andgovernment approvals? Discuss the role of contingency plans in mitigating these risks and howthey can be integrated into the overall strategic control process.Word count requirement: 300-400 words