Strategic Planning: A Practical Guide to Strategy Formulation and Execution B. Keith Simerson
Our articles on PEST Analysis, SWOT Then, ask yourself whether these patterns have become an implicit part of your strategy; and think about the impact these patterns should have on how you approach strategic planning. Looking at popular How can it possibly be true that your company will get a competitive advantage with CRM/CEM/Social/Analytics when these same, um, strategies, are available and used by anyone. Balancing Learn analytical tools, and strategy formulation and execution; and The focus shall be on practical skills, tools and techniques to improve productivity; build a winning team with Top Management and peers; and maximize value to your organization. Now, interrelationships can appear among projects in two ways: deliberately, as part of the strategy implementation, or unintentionally, accidentally or caused by unintended results at the project formulation level. Strategy formulation versus strategy execution. Keith Simerson Copyright 2011 by B. Keith Simerson All rights reserved. Strategic Planning This page intentionally left blank Strategic PlanningA Practical Guide to Strategy Formulation and ExecutionB. Success in organizations must have timely, collaborative and strategic win-win asset allocation and alignment with flawless execution. Tools such as USP Analysis and When you've come up with initial ideas, as a way of testing that that they're realistic, practical and robust. Put differently, it is great as soundbite and probably not that useful in the practical world. This is fine, and planning is an essential part of the strategy formulation process. Tactics, on the other hand, are all about execution -- getting the plan done. Strategic human resource management means formulating and executing HR systems that produce the employee competencies and behaviors the company requires to achieve its strategic aims. Nonetheless, this does not mean that qualitative research is not practical. Apply Executive Leadership training through a self-development plan. In its simplest sense, however, strategic planning is simple: Decide what business you're in now and which ones you want to be in, formulate a strategy for getting there, and execute you're strategy. The portfolio decision process is characterized by uncertain and changing information, dynamic opportunities, multiple goals and strategic considerations, interdependence among projects, and multiple decision-makers and locations.