Managing for Strategic Success Enables Your Business to Survive, Grow, and Thrive Through Creating and Sustaining Value
Most business organizations (companies) are in business to survive, grow and thrive. in other words to be successful. All business organizations face a myriad of internal/external challenges during their lifetime that create obstacles/barriers that must be appropriately managed otherwise they can lead to failure. These factors/challenges, that if not managed appropriately can lead to or be the reasons for organizations fail include:
Business organizations fail not necessarily because of these factors in of themselves, since other business organizations are able to survive, grow and thrive. The real reason organizations fail is their inability to manage for strategic success. Managing for strategic success requires an organization to devise viable strategies which help the organization manage the strategies to overcome barriers/obstacles well. Organizations rely on different strategies to be successful - achieve their business goals and objectives - so they can survive, grow and thrive.
An organization can be successful by managing for strategic success in order to enable its business to survive, grow and thrive through strategically, creating and sustaining value. This may include strategies to position the organization competitively in the market, and gain a competitive edge/advantage. Competitive advantage refers to factors that allow an organization to produce goods/services better or more cheaply than its competitors/rivals. For most businesses, success is not a random occurrence, but rather, the result of well managed strategies - a series of right decisions taken at the right moments in time. These strategies are not pulled out of thin air and served on a silver platter to entrepreneurs and managers. These strategies must be developed through effective strategic management.
Strategic management is vital for organization success since it encompasses the organization's entire scope of strategic decision-making. Strategic management is an ongoing decision-making process concerned with managing the strategy development - strategy-producing value chain - of an organization. Strategic management decisions link rhetoric (what people say), choices (what people decide and are willing to pay for), and actions (what people do) in shaping the nature and direction of an organization. Strategic management works in partnership with strategic thinking; because even the best insight (idea) is futile, without a plan to actually realize it (make it happen) through effective implementation and successful execute. Strategic thinking, is informed by systems thinking, and enables us to conceptualize the dynamics of an organization, as a system, in terms of the coordinated interplay of strategic and operations management decisions.
Strategies define and guide decisions in strategic and operations management in organizations. Strategy is, however, an intangible concept, and its not visible to the organization or those who would intervene to make it work as intended. A strategy can be made “visible” through visualization of the strategy in terms of its role as the logic underlying strategic management decisions. Strategy visualization enables people (managers and workers) in an organization to better conceptualized the organization's strategy in its various manifestations. Strategy Visualization fosters better shared understanding of the purpose, positioning and direction of the company; the fits between resources plus competencies with opportunities, and also fits between risks and expectations to drive better decision-making and decisions. It enable better coordination in enacting policies that drive the right organizational behavior; and pushing down decisions to ensure timely and successful execution.
- Economic upheavals that simply do not provide any room for new businesses to survive, grow and thrive.
- Actions of competitors.
- Business challenges inherent in the market.
- Lack of or availability of adequate resources.
- Organizational weaknesses.
Business organizations fail not necessarily because of these factors in of themselves, since other business organizations are able to survive, grow and thrive. The real reason organizations fail is their inability to manage for strategic success. Managing for strategic success requires an organization to devise viable strategies which help the organization manage the strategies to overcome barriers/obstacles well. Organizations rely on different strategies to be successful - achieve their business goals and objectives - so they can survive, grow and thrive.
An organization can be successful by managing for strategic success in order to enable its business to survive, grow and thrive through strategically, creating and sustaining value. This may include strategies to position the organization competitively in the market, and gain a competitive edge/advantage. Competitive advantage refers to factors that allow an organization to produce goods/services better or more cheaply than its competitors/rivals. For most businesses, success is not a random occurrence, but rather, the result of well managed strategies - a series of right decisions taken at the right moments in time. These strategies are not pulled out of thin air and served on a silver platter to entrepreneurs and managers. These strategies must be developed through effective strategic management.
Strategic management is vital for organization success since it encompasses the organization's entire scope of strategic decision-making. Strategic management is an ongoing decision-making process concerned with managing the strategy development - strategy-producing value chain - of an organization. Strategic management decisions link rhetoric (what people say), choices (what people decide and are willing to pay for), and actions (what people do) in shaping the nature and direction of an organization. Strategic management works in partnership with strategic thinking; because even the best insight (idea) is futile, without a plan to actually realize it (make it happen) through effective implementation and successful execute. Strategic thinking, is informed by systems thinking, and enables us to conceptualize the dynamics of an organization, as a system, in terms of the coordinated interplay of strategic and operations management decisions.
Strategies define and guide decisions in strategic and operations management in organizations. Strategy is, however, an intangible concept, and its not visible to the organization or those who would intervene to make it work as intended. A strategy can be made “visible” through visualization of the strategy in terms of its role as the logic underlying strategic management decisions. Strategy visualization enables people (managers and workers) in an organization to better conceptualized the organization's strategy in its various manifestations. Strategy Visualization fosters better shared understanding of the purpose, positioning and direction of the company; the fits between resources plus competencies with opportunities, and also fits between risks and expectations to drive better decision-making and decisions. It enable better coordination in enacting policies that drive the right organizational behavior; and pushing down decisions to ensure timely and successful execution.
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