Which term refers to the ability to successfully implement strategies and align people with goals?

The term that refers to the ability to successfully implement strategies and align people with goals is execution. Execution involves putting plans into action and ensuring that all team members are working towards common objectives. It encompasses the processes and actions taken to fulfill strategic directives and achieve desired outcomes. Effective execution means not only having a clear strategy but also mobilizing resources and aligning the efforts of various individuals and groups within an organization.

While strategy formulation is important for defining the direction of an organization, it is the execution that ensures those strategies come to fruition. Operational planning focuses on the details of how to implement strategy on an operational level but does not encompass the broader scope of aligning people with the overarching goals. Organizational alignment refers to the overall coherence of the organization, but it is the execution phase where the actual implementation and alignment of people with the goals take place. Thus, execution is the integral component that translates strategy into actionable steps and fosters engagement towards achieving set objectives.