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Strategic Management

 

The Three Phases of Strategic Management

1. VISION (Setting the Company Strategy)

2. ALIGNMENT (Matching each function to Business Strategies)

  • Functions’ Mission Statements: The role of each function to achieve the company Strategy

  • Strategic Goals for each Function according to the company Business plan

  • Re-designing business processes - select appropriate Business processes – BPR

3. DEPLOYMENT (Implementing Strategy)

  • Planning & Budgeting

  • Organization SBU

  • Standardization and Simplification - Systems & Procedures

  • Staff Training & Development

  • Performance Analysis and Benchmarking