Successful strategy execution is based on information, innovation, intelligence, and improvement for delivering solid business results.
Strategy management is not linear, charting a course to how the business achieves the strategic goals with intermediate objectives over time, enforcing an iterative planning-implementation continuum is pivotal to success.
Strategy & analysis: A strategy is based on what is known or can be predicted at a point in time. Part of the strategy could well contain research into finding root causes. What are the specific programs, what are the commitments, what are the resources, talent, what are the processes in play that need to realize the vision? Do you have a unique set of capabilities to stay competitive in the differentiating level of the business? Who are your competitors in the vertical sectors? To what extent can you or your competitors influence the business ecosystem? Etc. There are plenty more questions one can ask to illustrate the importance of strategy analysis.
Thus, diagnostic analysis is an explanation of the nature of the challenge, identifying crucial problems, diagnosing the root causes, as a critical step in strategy development. Predictive analysis involves techniques such as regression, forecasting, simulation, and risk analysis, information-based business foresight and customer insight about upcoming opportunities or risks. capturing value position in strategy management. If the strategic planning is not identifying the potential roadblocks to achieving goals, and figuring out what is required to overcome them, it’s no surprise that the feedback gaps are enlarged. Prescriptive analytics is akin to actionable; set up guidelines, provide important input to develop a strategic direction that comes from converting an opportunity to business, and recommend actions for business to execute step-wisely.
Planning & architecture: The business architecture of the enterprise, with an integrated blueprint and associated information, offers a solid base for road mapping, strategy specification and execution. The business architecture synthesizes & visualizes the "strategy"; takes a look at balancing the business priorities and forcing conversations that are otherwise difficult to have. So holistic strategic planning is based on architecture components and is executed as part of the architecture process of transforming the enterprise from the current to future states.
Generally speaking, architecture is about bridging strategy and execution. It includes policies, principles, standards and guidelines for business processes, information, applications and technology to implement a strategy. It describes all crucial components of the enterprise and their relationships to consider in strategy design and execution. It also defines how to implement the business strategies in a structured and systematic approach and develop the roadmap for driving changes, covering the business value aspect in terms of capabilities delivered at strategic, segment, and operational level.
Strategy implementation & people management: Due to the rapid change, the exponential growth of information, hyper-connectivity, interdependence, and continuous disruptions, there seems to be so much uncertainty in a digital working environment today, but also have many alternative ways to do things. People are the center of change. So basically, the execution and conviction of strategy strongly rely on people, their collective talent and capability. People management needs to reflect such a paradigm shift and involve dynamic change proactively.
People are used to getting stuck in the comfort zone, with change inertia, this leads to business stagnation, causing corporate failures. Culture change is an integral component of people management. the point is you can not only see the surface to know the culture, often you need to assess underneath parts to truly understand the culture. To keep an organization dynamic and energetic, the good culture is nourishing and fluid; continuous movement is what makes things happen. Some people get the whole picture as opposed to others that can't seem to get a grasp on the problem. How you engage people will directly impact how their remuneration and performance management systems reinforce the organizational strategy management effectiveness.
The environment which the company is in changes over time, new competitors in the market keep evolving. In differentiation, competitive advantage is probably more to do with the maintenance of brand, reputation, and quality. There are different pieces of components in strategy execution; there are varying dots you could connect, and there are different technological tools you could leverage to improve strategy effectiveness. Successful strategy execution is based on information, innovation, intelligence, and improvement for delivering solid business results. It’s important to have an intentional strategy in place to not only increase awareness but to link the power of team effectiveness, resource sufficiency, process efficiency, and knowledge proficiency.
Strategy & analysis: A strategy is based on what is known or can be predicted at a point in time. Part of the strategy could well contain research into finding root causes. What are the specific programs, what are the commitments, what are the resources, talent, what are the processes in play that need to realize the vision? Do you have a unique set of capabilities to stay competitive in the differentiating level of the business? Who are your competitors in the vertical sectors? To what extent can you or your competitors influence the business ecosystem? Etc. There are plenty more questions one can ask to illustrate the importance of strategy analysis.
Thus, diagnostic analysis is an explanation of the nature of the challenge, identifying crucial problems, diagnosing the root causes, as a critical step in strategy development. Predictive analysis involves techniques such as regression, forecasting, simulation, and risk analysis, information-based business foresight and customer insight about upcoming opportunities or risks. capturing value position in strategy management. If the strategic planning is not identifying the potential roadblocks to achieving goals, and figuring out what is required to overcome them, it’s no surprise that the feedback gaps are enlarged. Prescriptive analytics is akin to actionable; set up guidelines, provide important input to develop a strategic direction that comes from converting an opportunity to business, and recommend actions for business to execute step-wisely.
Planning & architecture: The business architecture of the enterprise, with an integrated blueprint and associated information, offers a solid base for road mapping, strategy specification and execution. The business architecture synthesizes & visualizes the "strategy"; takes a look at balancing the business priorities and forcing conversations that are otherwise difficult to have. So holistic strategic planning is based on architecture components and is executed as part of the architecture process of transforming the enterprise from the current to future states.
Generally speaking, architecture is about bridging strategy and execution. It includes policies, principles, standards and guidelines for business processes, information, applications and technology to implement a strategy. It describes all crucial components of the enterprise and their relationships to consider in strategy design and execution. It also defines how to implement the business strategies in a structured and systematic approach and develop the roadmap for driving changes, covering the business value aspect in terms of capabilities delivered at strategic, segment, and operational level.
People are used to getting stuck in the comfort zone, with change inertia, this leads to business stagnation, causing corporate failures. Culture change is an integral component of people management. the point is you can not only see the surface to know the culture, often you need to assess underneath parts to truly understand the culture. To keep an organization dynamic and energetic, the good culture is nourishing and fluid; continuous movement is what makes things happen. Some people get the whole picture as opposed to others that can't seem to get a grasp on the problem. How you engage people will directly impact how their remuneration and performance management systems reinforce the organizational strategy management effectiveness.
The environment which the company is in changes over time, new competitors in the market keep evolving. In differentiation, competitive advantage is probably more to do with the maintenance of brand, reputation, and quality. There are different pieces of components in strategy execution; there are varying dots you could connect, and there are different technological tools you could leverage to improve strategy effectiveness. Successful strategy execution is based on information, innovation, intelligence, and improvement for delivering solid business results. It’s important to have an intentional strategy in place to not only increase awareness but to link the power of team effectiveness, resource sufficiency, process efficiency, and knowledge proficiency.
0 comments:
Post a Comment