Managing for Strategic Success Enables Your Business to Survive, Grow, and Thrive Through Creating and Sustaining Value
Most companies are in business to survive, grow and thrive. in other words to be successful. An organization can be successful by managing for strategic success in order to enable its business to survive, grow and thrive through creating and sustaining value. Managing for strategic success requires an organization to devise viable competitive business strategy which gives the company competitive advantage to achieve its long term goals and objectives; this involves strategic thinking and strategic decision-making. Competitive advantage refers to factors that allow an organization to produce goods/services better or more cheaply than its competitors/rivals. To be successful in business, an organization has to not only win, but do better than the competition.
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 decisions are major choices of actions that affect and influence the business organization as a whole. Strategic management works in partnership; 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 organizations in areas such as organization design, operations system design and resource allocation.
Developing an organization's strategies requires a lot of thought and effort in their formulation and implementation. Organizations rely on different strategies to achieve their business goals and objectives to be successful so they can survive, grow and thrive. 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. Strategies have to be formulated, implemented and executed successfully to be useful to the organization. Strategy is, however, an intangible concept, and its not visible to the organization or those who would intervene to make it work as intended. In order to devise and successfully realize (implement and execute) a strategy, you need to be able to manage key factors such as: values, opportunities, and capabilities. Managing those factors involves analyzing each of these factors to understand how your organization can create and sustain value.
Strategy Visualization to Improve Shared Understanding
A strategy can be made “visible” through visualization of the strategy's role as the logic underlying organization design decisions and resource allocation 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.
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 decisions are major choices of actions that affect and influence the business organization as a whole. Strategic management works in partnership; 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 organizations in areas such as organization design, operations system design and resource allocation.
Developing an organization's strategies requires a lot of thought and effort in their formulation and implementation. Organizations rely on different strategies to achieve their business goals and objectives to be successful so they can survive, grow and thrive. 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. Strategies have to be formulated, implemented and executed successfully to be useful to the organization. Strategy is, however, an intangible concept, and its not visible to the organization or those who would intervene to make it work as intended. In order to devise and successfully realize (implement and execute) a strategy, you need to be able to manage key factors such as: values, opportunities, and capabilities. Managing those factors involves analyzing each of these factors to understand how your organization can create and sustain value.
Strategy Visualization to Improve Shared Understanding
A strategy can be made “visible” through visualization of the strategy's role as the logic underlying organization design decisions and resource allocation 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.
Copyright Enterprise Design Labs 2005 - 2022