<p>Strategy implementation is a complex process with many strategies failing during the implementation process, posing challenges for both private and public organizations worldwide. This paper assesses the existing research on strategy implementation through a systematic literature review of 160 papers. Based on the review, a conceptual framework for effective strategy implementation has been developed. This framework encompasses the managerial and organizational levers that influence the strategy implementation processes, demonstrating that a well-structured and competent management team skilled at utilizing the appropriate organizational levers, can drive successful strategy implementation. Contextual factors that may influence strategy implementation are discussed, including new ways of working, increased workforce diversity, openness of strategy, and technological changes. Furthermore, current methodological gaps are identified and significant managerial implications for strategy implementation are outlined.</p>