What does it mean to "operationalize" a strategy?

To "operationalize" a strategy means to take the concepts, goals, or plans outlined within that strategy and translate them into actionable steps, processes, and programs that can be implemented in a real-world context. This involves detailing how the strategy will work in practice, including the resources needed, the timeline for implementation, and the specific roles and responsibilities of various team members.

When a strategy is operationalized, it moves beyond theoretical discussions and frameworks, making it applicable to the organizational context. This is crucial for ensuring that all stakeholders understand how to execute the strategy effectively and for monitoring progress toward the intended objectives. Operationalizing a strategy helps bridge the gap between high-level planning and ground-level execution, ensuring that plans are not just theoretical but are actionable and measurable within the organization.