Several strategic-planning processes begin with the extension of the annual operating budget into a typical five-year projection. This can be a valuable exercise, particularly for organizations that have operated on a yearly or even monthly planning cycle. Most organizations soon discover…
The basic premise of strategic planning and management is to lead activities that yield great value. Understanding how an organization creates value with its mission is the first step. By value we are not talking about cultural values; we are…
With HR, the operational level is going to be the main focus. HR’s policies, programs, and processes will need to correlate, collaborate, and align with the organization’s business units. HR’s resources will need to be spent on activities that add…
There are three levels of strategy. • Organizational level This level involves a general vision of the future, typically what the organization plans to grow into, as an umbrella over the entire organization. • Business unit level This level focuses…
The benefits of the strategy are helping everyone in the organization focus on the future with a written plan that contains goals to further the organization’s existence. From top to rank and file, strategy provides a map that gives direction…
Strategy is the planning of long-range goals and actions to attain those goals. Initiatives, objectives, and tactics are outlined in detail for each specific function in the organization and coordinated over a defined period of time. The strategy will look…
The role of strategy is one that aligns all functions in an organization to “row together” toward defining the organization’s goals and direction. The creation of strategic goals requires a vision of growth that is associated with the organization’s mission,…
• Approaches to project management (e.g., traditional, lean, Six Sigma, agile, critical chain) and processes (e.g., initiating, planning and design, launching/executing, monitoring and controlling, closing) • Concepts of systems thinking (e.g., related parts, input-processes-output) and components of an organizational system…