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Strategic Planning: A Practical Guide to Strategy Formulation and Execution by B. Keith Simerson

Strategic Planning: A Practical Guide to Strategy Formulation and Execution B. Keith Simerson ebook
Format: pdf
Page: 294
Publisher: Praeger
ISBN: 0313384800, 9780313384806

The opinions expressed by the blog owner and those providing comments are theirs alone, and do not reflect the thoughts, intentions, opinions, views, plans and strategies of the Unisa Library or the University of South Africa or any employee thereof. To help readers build their retiee@unisa.ac.za. Keith Simerson knows from experience what works and what doesn't. There is the temptation to dwell in analysis, always looking for more and better information to guide decisions rather than better ways to communicate them. Taking a global perspective, the text addresses concepts sequentially, from external and internal analysis to strategy formulation, strategy execution, and strategic control. Executing strategy is about letting as many people in your organization as possible know what the strategy is with little concern about the competition stealing it (with less than 1 in 10 strategies implemented, what are the chances they could execute yours?). Simply put, a strategic plan is the formalized road map that describes how your organization executes the chosen strategy. Towards the end of chapter six he provides a very plausible answer to the question of how strategy execution is glued to strategy formulation in the form of a “Strategy Review Process – Planning, Execution, and Controls” [Figure 6.2]. From the ingenious calculations of seven dimensions and five factors in the strategic planning of war by Sun Tzu, to the contemporary management ideas of the likes of Porter and Drucker, the MBA students of KBU Led by Dr. Importantly Leaders in an execution culture design strategies that are more road-maps than rigid paths enshrined in fat planning documents. In this post I will share some information about strategic risks, how I am addressing them and provide you with some resources I found useful to help you guide your own efforts. When it comes to strategic planning, B. Many respondents are getting more involved in setting and determining strategy (65 percent), business transformation (47 percent), and executing strategic choices (36 percent). For six of those years she led the strategy track at Harvard Business School's executive program for owner-managers, personally helping business leaders around the world with strategy formation. A plan spells out where an organization is going over the next year or more and how it is going to get there. I also use the term focus in another sense: as the key outcome of the strategy formulation process, we identify a number of strategic thrusts, or critical areas, which the organisation must focus on. It's a blueprint, a guide to leading your company with greater success. Simple strategy means using one or two critical strategic processes and the handful of unique rules that guide them. To create The result of a well-developed and executed strategic plan is to develop a unique advantage. As every practitioner of strategy knows, strategic planning is a risky business so it is critical to address the other risks that can affect strategy and execution through a formal process that must be integrated into both planning and execution activities. Nothing is Some managers walk in the door with terrific strategies that they're executing well, but most, I'd say, have impressions of what their strategies are, and they're following them loosely. A strategic It also serves as a guide for day-to-day operations and as the foundation for future decision-making.