Making Good Ideas Happen Through Effective Business Strategies
Most organizations are in business to survive, thrive and grow. An organization is unlikely to achieve sustainable growth and competitive advantage if it unable to effectively convert good ideas into sound strategies, and fully, completely and properly translate those strategies into workable and effective actions and successfully implement and execute them. An organization must develop the capacity and competency to manage its strategies very well. Effective strategic management establishes the context for effective operations management and decisions in efficiently creating and delivering value to customers while ensuring the expectations of stakeholders are met. Business success depends on the interplay between strategic management and operations management to ensure strategies can be effectively operationalized (implemented and executed successfully) to achieve the strategic objectives.
Modeling and Visualizing Strategies
Strategies are largely invisible to the organization itself and the people that must intervene to implement and execute them so they have value to the organization.
Modeling and visualizing strategy can give form to a strategy and help improve an organization's shared understanding of its strategy in terms of its cause-effect relationships to environment factors, core strategic issues, underlying assumptions, and resources.
Improving an organization's shared understanding of its strategy enables its soundness to be evaluated, and its acceptability can readily be substantiated; increasing chances of successful implementation and execution, and resulting in organizational change leading to sustainable growth and profitability
Model-Based Strategy Development
Successful strategy development involves the implementation and execution sound strategies. Crafting a sound strategy requires managers to identify problems of strategic relevance through analysis of strategic issues to formulate appropriate strategies to solve the identified problems.
Developing goals models that support strategic issues diagnosis, strategy formulation and implementation enables managers and strategists to follow a systematic and coherent approach to discovery and definition of problems to be solved; and refinement and elaboration of the problem model to development of a solutions model to inform their decisions in formulating intended strategies to solve those problems. Models of intended strategy can be visually analyzed to ensure their acceptability to the relevant stakeholders prior to implementation.
Determine Organization Effective Capacity
Capacity, from an operations perspective, is the limiting capability of a productive unit e.g., manufacturing or service provisioning system to produce and deliver value within stated time periods. Operation is the organization function that produces and distributes value - products and services.
An Organization's effective capacity is defined by its Operations Strategy design which inextricably links its operations system's resources with its policies and market performance objectives, ensuring the best match (fit) of supply with demand that meet strategic objectives.
The organization's effective capacity is defined by the capacity of the Operations System - the joint configuration of resources and processes and resulting competencies that is aligned with the competitive position of the firm.
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