Sustainable Growth and Competitive Advantage Via Strategic Management, Better Decision-Making and Strategy Visualization
Most companies are in business to survive, grow and thrive through achieving sustainable profitable growth. In other to achieve sustainable profitable growth however, a company must develop sustainable competitive advantage through managing for strategic success. Managing for strategic success requires strategic thinking and strategic management. Strategic thinking is informed by systems thinking which enables us to conceptualize the dynamics of an organization as a system, in terms of the coordinated interplay of strategic and operations management. Strategic management is an ongoing decision-making process concerned with managing the 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 decisions are major choices of actions that affect and influence the business organization as a whole. Strategic management decisions and actions have an underlying logic or basis - the organization's strategy. Strategic thinking and strategic management work in partnership; because even the best insight (idea) is futile, without a plan to actually realize it (make it happen - implement and successfully execute).
Strategies, however, require a lot of thought and effort in their development (formulation and implementation). They are not pulled out of thin air and served on a silver platter to entrepreneurs and managers. Strategies have to be formulated, implemented and executed successfully to be useful to the organization. Strategy is an intangible concept, and its not visible to the organization or those who would intervene to make it work as intended. Strategy visualization enables people (managers and workers) in an organization to better conceptualized the organization's strategy in its various manifestations. A strategy can be made “visible” through visualization of the strategy's structure and dynamics as represented in the strategic engine and operations engine.
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.
Strategies, however, require a lot of thought and effort in their development (formulation and implementation). They are not pulled out of thin air and served on a silver platter to entrepreneurs and managers. Strategies have to be formulated, implemented and executed successfully to be useful to the organization. Strategy is an intangible concept, and its not visible to the organization or those who would intervene to make it work as intended. Strategy visualization enables people (managers and workers) in an organization to better conceptualized the organization's strategy in its various manifestations. A strategy can be made “visible” through visualization of the strategy's structure and dynamics as represented in the strategic engine and operations engine.
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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