What does the term "implementing" refer to in a business context?

In a business context, "implementing" refers to the process of putting plans, policies, or strategies into action. This involves taking theoretical concepts and ensuring they are practiced or included in the everyday operations of the organization. It is about translating ideas and strategies into practical steps that can be executed, such as launching a new product, adopting a new technology, or adhering to new procedures.

This understanding emphasizes action and execution, highlighting that simply forming a plan isn't sufficient—one must also carry it out effectively to achieve desired outcomes. In contrast to this, finding new markets, evaluating performance, and creating policies are important business activities but do not capture the essence of the execution phase that "implementing" signifies.