:
It is the composition of two words: Strategy + Intent
Strategy: It is an action that managers take to attain one or more
of the organization’s goals. Strategy can also be defined as “A
general direction set for the company and its various
components to achieve a desired state in the future.
Intent: Having the mind, attention, or will concentrated on
something or some end or purpose.
It is the overall direction of a organization’s strategy. It is often an
aspiration target that is difficult or perhaps impossible to achieve. It
serves to inspire, motivate and provide clear direction to stakeholders.
It refers to purpose for what organization strives for. Organization must
define “what they want to do” and “why they want to do”.
The strategic intent of an organization describes how the firm’s energy
and resources are channeled into a focused and unified overall goal.
Essence of
winning
Stable over
time
Personal
effort & time
Enormous
creativity
Vision is defined as “a realistic, credible and attractive future of
an organization”.
Realistic
Credible
Attractive
Future
It should be idealistic and realistic.
Good vision clarifies the direction.
Good vision encourages the organization members
commitment from them.
Good vision reflects uniqueness of organization, its distinct
competence, what it stands for and what it is able to achieve.
Good vision is consistent with organization values and
culture.
Good vision is easily understood by those who are
responsible to convert it into reality.
INFOSYS: To be globally respected company that provides
best of breed software solutions by best-in-class people.
TATA TEA To be India’s foremost tea based beverage
company.
Mission is defined as “a fundamental unique purpose that sets a
business apart from other firms of its type and identifies its scope
of its operations in product and market terms. It is a statement
which defines the role that organization plays in the society”.
Feasible
Precise
Clear
Motivating
Distinctive
INFOSYS: To achieve our objectives in a environment of
fairness, honesty and courtesy towards our clients, employees,
vendors and society at large.
HCL: To be a world class competitor.
Goals are defined as “what an organization hopes to accomplish
in a future period of time. They represent the future stateor
outcome of effort put in now”.
Temporal
Specific in
terms
Focused on
Internal
Environment
Absolute in
terms
HCL: To meet everyday needs of people everywhere with
branded products.
Objectives are defined as “the ends that state specifically how the
goals shall be achieved. They are concrete and specific in
contrast to goals that are generalized”.
Timeless
General in
terms
Focused on
External
Environment
Relative in
terms
INFOSYS: To exploit various technologies to provide
effective and cost efficient solutions to their customers. It believe
in working as partners with customers in identifying their needs
& work with them designing solutions to satisfy their business
needs through long term relationship.
Define organization’s relationship with its environment.
Help an organization to pursue its vision & mission.
Provide the basis for strategic decision making.
Provides standards for performance appraisal.
Specificity
Multiplicity
Periodicity
Verifiability
Reality
Quality
SMART DUMB
S • Specific
M • Measurable
A • Attainable
R • Relevant
T • Time Bound
D
• Do-able
U
• Understandable
M
• Manageable
B
• Beneficial
Plans are defined as “the detailed steps to achieve objectives. In
other words, they are the steps that are followed to achieve the
objectives laid down by the organization”. It can be short term as
well as long term.
Flexible
Economical
Comprehensive
Verifiability
Simple
Clear
Balanced
INFOSYS: To bring down Infosys attrition rates.
HUL: To set-up end-to-end digital transformation plan for next
phase of growth.
Strategic Management Process Strategic Intent

Strategic Management Process Strategic Intent

  • 2.
    : It is thecomposition of two words: Strategy + Intent Strategy: It is an action that managers take to attain one or more of the organization’s goals. Strategy can also be defined as “A general direction set for the company and its various components to achieve a desired state in the future. Intent: Having the mind, attention, or will concentrated on something or some end or purpose.
  • 3.
    It is theoverall direction of a organization’s strategy. It is often an aspiration target that is difficult or perhaps impossible to achieve. It serves to inspire, motivate and provide clear direction to stakeholders. It refers to purpose for what organization strives for. Organization must define “what they want to do” and “why they want to do”. The strategic intent of an organization describes how the firm’s energy and resources are channeled into a focused and unified overall goal.
  • 4.
  • 6.
    Vision is definedas “a realistic, credible and attractive future of an organization”. Realistic Credible Attractive Future
  • 7.
    It should beidealistic and realistic. Good vision clarifies the direction. Good vision encourages the organization members commitment from them. Good vision reflects uniqueness of organization, its distinct competence, what it stands for and what it is able to achieve. Good vision is consistent with organization values and culture. Good vision is easily understood by those who are responsible to convert it into reality.
  • 8.
    INFOSYS: To beglobally respected company that provides best of breed software solutions by best-in-class people. TATA TEA To be India’s foremost tea based beverage company.
  • 9.
    Mission is definedas “a fundamental unique purpose that sets a business apart from other firms of its type and identifies its scope of its operations in product and market terms. It is a statement which defines the role that organization plays in the society”.
  • 10.
  • 11.
    INFOSYS: To achieveour objectives in a environment of fairness, honesty and courtesy towards our clients, employees, vendors and society at large. HCL: To be a world class competitor.
  • 12.
    Goals are definedas “what an organization hopes to accomplish in a future period of time. They represent the future stateor outcome of effort put in now”.
  • 13.
  • 14.
    HCL: To meeteveryday needs of people everywhere with branded products.
  • 15.
    Objectives are definedas “the ends that state specifically how the goals shall be achieved. They are concrete and specific in contrast to goals that are generalized”.
  • 16.
  • 17.
    INFOSYS: To exploitvarious technologies to provide effective and cost efficient solutions to their customers. It believe in working as partners with customers in identifying their needs & work with them designing solutions to satisfy their business needs through long term relationship.
  • 18.
    Define organization’s relationshipwith its environment. Help an organization to pursue its vision & mission. Provide the basis for strategic decision making. Provides standards for performance appraisal.
  • 19.
  • 20.
    SMART DUMB S •Specific M • Measurable A • Attainable R • Relevant T • Time Bound D • Do-able U • Understandable M • Manageable B • Beneficial
  • 21.
    Plans are definedas “the detailed steps to achieve objectives. In other words, they are the steps that are followed to achieve the objectives laid down by the organization”. It can be short term as well as long term.
  • 22.
  • 23.
    INFOSYS: To bringdown Infosys attrition rates. HUL: To set-up end-to-end digital transformation plan for next phase of growth.