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STRATEGIC MANAGEMENT   Management by Results
STRATEGIC MANAGEMENT
planning <ul><li>Planning  >  future thinking.  </li></ul><ul><li>Planning  >  integrated decision making process </li></u...
STRATEGIC Plan <ul><ul><li>Examples : -  PRSP </li></ul></ul><ul><ul><li>-  MDG </li></ul></ul><ul><ul><li>-  Vision 2021 ...
Strategy <ul><li>Strategic Plan is a  vision  driven plan - an aspired position to be attained at the end of plan period. ...
Strategic management <ul><li>Strategic Management is a 5 step process; </li></ul><ul><li>1.  Develop  Vision   statement <...
Strategic management 5 tasks <ul><li>The first 3 tasks i.e.  Vision, Objective, Strategy   </li></ul><ul><li>relate to  Pl...
STRATEGIC PLANNING 3 questions to start with <ul><li>  #1. Where we are now ?  </li></ul><ul><li>  : our current position ...
THE FRAMEWORK <ul><li>Hierarchical Process  </li></ul><ul><li>–  Top  Down  </li></ul><ul><li>Diverse group of people make...
PLANNING An Iterative Process <ul><li>Ritual  </li></ul><ul><li>Habit   </li></ul><ul><li>Fail to Plan  Plan to Fail </li>...
Strategic Plan <ul><li>It is a  Long-term  plan </li></ul><ul><li>It is developed along a  Vision </li></ul><ul><li>Vision...
Strategic Plan <ul><li>Mission is the tasks performed to attain </li></ul><ul><li>vision </li></ul><ul><li>Strategy is how...
Strategic Management <ul><li>Implementation and Evaluation  are integral part of the Planning Process.  </li></ul><ul><li>...
Strategic Management <ul><li>Is not a panacea for all organizations.  </li></ul><ul><li>It may not work in an organization...
Strategic Management <ul><li>But with the right elements in, it creates </li></ul><ul><ul><li>a commitment through team bu...
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Intro 2

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Transcript of "Intro 2"

  1. 1. STRATEGIC MANAGEMENT Management by Results
  2. 2. STRATEGIC MANAGEMENT
  3. 3. planning <ul><li>Planning > future thinking. </li></ul><ul><li>Planning > integrated decision making process </li></ul><ul><li>Examples : Annual Budget </li></ul><ul><ul><ul><ul><ul><li>5 Year Plan </li></ul></ul></ul></ul></ul><ul><ul><ul><ul><li>Perspective Plan </li></ul></ul></ul></ul>
  4. 4. STRATEGIC Plan <ul><ul><li>Examples : - PRSP </li></ul></ul><ul><ul><li>- MDG </li></ul></ul><ul><ul><li>- Vision 2021 </li></ul></ul><ul><ul><li>Q1. What is the difference ? </li></ul></ul>
  5. 5. Strategy <ul><li>Strategic Plan is a vision driven plan - an aspired position to be attained at the end of plan period. </li></ul><ul><li>Strategy is unique set of activities performed to attain the vision. </li></ul><ul><li>Strategic Plan is a long-term plan. </li></ul><ul><li>Strategic Plan is a shared plan. </li></ul><ul><li>Strategic Plan is a leader-driven plan. </li></ul>
  6. 6. Strategic management <ul><li>Strategic Management is a 5 step process; </li></ul><ul><li>1. Develop Vision statement </li></ul><ul><li>Planning 2. Develop Objectives of measurement </li></ul><ul><li>3. Craft Strategy to attain the vision </li></ul><ul><li>Managing 4. Follow through the Implementation </li></ul><ul><li> 5. Evaluate the outcome </li></ul>
  7. 7. Strategic management 5 tasks <ul><li>The first 3 tasks i.e. Vision, Objective, Strategy </li></ul><ul><li>relate to Planning </li></ul><ul><li>The last 2 tasks i.e. Implementation, Evaluation </li></ul><ul><li> relate to Management </li></ul><ul><li>The total set of activities is Strategic Management. </li></ul><ul><li>Strategic Management is Management by Results . </li></ul>
  8. 8. STRATEGIC PLANNING 3 questions to start with <ul><li> #1. Where we are now ? </li></ul><ul><li> : our current position </li></ul><ul><li>#2. Where can we go ? </li></ul><ul><li>: the big picture </li></ul><ul><li> BHAG (big hairy audacious goal) </li></ul><ul><li>#3. How do we propose to go ? </li></ul><ul><li>: the strategy </li></ul>
  9. 9. THE FRAMEWORK <ul><li>Hierarchical Process </li></ul><ul><li>– Top Down </li></ul><ul><li>Diverse group of people make up the planning team </li></ul><ul><li>Developed through open and free discussions </li></ul><ul><li>– Bottom Up </li></ul><ul><li>The sharing of ideas forges commitment </li></ul><ul><li>- Shared Vision </li></ul>
  10. 10. PLANNING An Iterative Process <ul><li>Ritual </li></ul><ul><li>Habit </li></ul><ul><li>Fail to Plan Plan to Fail </li></ul><ul><li> ignorance becomes a point of view </li></ul><ul><li> Dilbert </li></ul>
  11. 11. Strategic Plan <ul><li>It is a Long-term plan </li></ul><ul><li>It is developed along a Vision </li></ul><ul><li>Vision is the Destination </li></ul>
  12. 12. Strategic Plan <ul><li>Mission is the tasks performed to attain </li></ul><ul><li>vision </li></ul><ul><li>Strategy is how the tasks are performed </li></ul>
  13. 13. Strategic Management <ul><li>Implementation and Evaluation are integral part of the Planning Process. </li></ul><ul><li>To facilitate effective implementation the plan is divided into several strategic directions. </li></ul><ul><li>Each direction comprises several tasks , </li></ul><ul><li>each task assigned to a group or individual. </li></ul>
  14. 14. Strategic Management <ul><li>Is not a panacea for all organizations. </li></ul><ul><li>It may not work in an organization where </li></ul><ul><ul><li>The roof has fallen (it needs crisis management ) </li></ul></ul><ul><ul><li>The leadership is weak </li></ul></ul><ul><ul><li>There are cultural clashes </li></ul></ul>
  15. 15. Strategic Management <ul><li>But with the right elements in, it creates </li></ul><ul><ul><li>a commitment through team building </li></ul></ul><ul><ul><li>a culture that identifies and supports the mission </li></ul></ul><ul><ul><li>a focus in the selected activities as the organization marches towards the vision </li></ul></ul>
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