Strategy Making, Strategy Executing Process
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Transcript of Strategy Making, Strategy Executing Process
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Strategy-Making, Strategy-Executing Process
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The Pyramid of Strategy Practice
Strategists:Who?
Strategising activities:
What?
Strategising methodologies:
Which?
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The Strategists
Chief Executive Officer
Top management team
Non-executive directors
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Characteristics of Effective Strategy Leaders
• Mastery of analytical concepts and techniques
• Social and influencing skills
• Group acceptance as a player
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What is a Strategic Planner?
Strategic planners, also called corporate development managers,
are managers with a formal responsibility for contributing to the
strategy process.
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Tasks Performed by Strategic Planners
Information and analysis
Managers of the strategy process
Special projects
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Roles Played by Strategy Consultants
Analysing, prioritising, and generating options
Transferring knowledge
Promoting strategic decisions
Implementing strategic change
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Exhibit 15.2 The Access/Execution Paradox
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Who to Include in Strategy Making?
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What is Strategic Issue Selling?
Strategic issue selling is the process of winning the attention and
support of top management and other important stakeholders for
strategic issues.
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Aspects of Strategic Issue Selling
Issue packagingFormal or
informal channels
Sell alone or in coalitions
Timing
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Guidelines for Strategic Decision Making
• Build multiple simultaneous alternatives
• Track real-time information
• Seek the views of trusted advisors
• Aim for consensus, but not at any cost
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Elements of a Communications Strategy
Focus Impact
MediaEmployee
engagement
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Strategy Methodologies
Strategy workshops
Strategy projects
Hypothesis testing
Business cases and strategic plans
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What is a Strategic Workshop?
Strategic workshops, also called strategy retreats, away-days, or off-sites, involve groups of executives working intensively for one or two
days, often away from the office, on organisational strategy.
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Workshops seeking to challenge existing preconceptions should…
• Insist on prior preparation
• Involve participants from outside the senior executive team
• Involve outside consultants as facilitators
• Break organisational routines
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Workshops connecting to subsequent action should…
• Make an agreed list of actions
• Establish project groups
• Circulate agreed actions
• Make visible commitment by the top management
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What is a Strategy Project?
Strategy projects involve teams of people assigned to work on
particular strategic issues over a defined period of time.
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Success Factors for Strategy Projects
A clear brief or mandate
Top management commitment
Milestones and reviews
Appropriate resources
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What is Hypothesis Testing?
Hypothesis testing is a methodology used particularly in strategy
projects for setting priorities in investigating issues and options.
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Hypothesis Testing at a Bank
• Define the problem/question• Develop a set of competing descriptive
hypotheses about problem causes• Test the starting descriptive hypotheses• Develop prescriptive hypotheses• Make recommendations to the client
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What is a Business Case?
A business case provides the data and argument in support of a particular strategy proposal.