Intro 2
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Intro 2 Intro 2 Presentation Transcript

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