STRATEGIC Management
Getting results!!!! Meeting goals and objectives.
That’s what it is all about!! Right?
Wrong!!
Getting results without killing the organization is what it is all about!!
What good is it to meet Year 1 objectives and not be in a position to compete during Year 2 and beyond?
How can you do both? Balance good planning and good execution!! That is the essence of good strategic management --- get success today, live to compete tomorrow, and prepare the organization for the future – that is the art of management.
Grace Strategic Services, Inc. can help you improve your planning process, put the key systems in place, and then coach you through the execution.
Management is really pretty simple. There are seven “right steps.”
Strategic Planning Process for Balanced Scorecard
- Define strategic direction: mission, vision, core values, value discipline
- Define the core and supporting processes and their key performance indicators
- Assess the Internal Environment: strengths, weaknesses, core competencies, and capacity.
- Assess the External Environment: opportunities and threats; political, economic, social, and technological (PEST), competition and competitive analysis, market demand and trends, industry trends
- Establish Objectives: SMART objectives, methods, resources, key performance indicators, responsibilities
- Review Organizational Design
- Track Assumptions
- Write and Disseminate the Plan
Art and Science of Strategic Planning
Strategic planning is both the art and science of aligning objectives, methods and resources. It is a science because it can be studied as a body of knowledge and because it requires empirical information to understand and use. It is an art because good strategic planning needs the intuition and experience of a senior leader to be effective and successful.
Good strategic planning has two major benefits – ALIGNMENT and SYNCHRONIZATION.
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