Corporate Strategic Management

Strategic management is the art, science and craft of formulating, implementing and evaluating cross-functional decisions that will enable an organisation to achieve its long-term objectives. It is the process of specifying the organisation's mission or vision and objectives, developing policies and plans, often in terms of projects and programs, which are designed to achieve these objectives, and then allocating resources to implement the policies and plans, projects and programs. Strategic management seeks to coordinate and integrate the activities of the various functional areas of a business in order to achieve long-term organisational objectives.

Or in other words, it is deciding where it is you want the business to go and how to get there.

Whatever size business you are, the same applies, "if you don't know where you are going, how will you know when you get there?".

Strategic management is the highest level of managerial activity. Strategies are typically led by the Managing Director or Chief Executive, and developed and approved by the Board of Directors, and then implemented under the supervision of the organisation's top management team or senior executives. Using an experienced facilitator and planner from Sapio Associates will ensure that the strategic development is realistic and meets overall shareholder needs.

Developing a strategy should not be seen as an end in its own right, without implementation project management and follow up, nothing will change. Sapio Associates Corporate Business Strategy development is as much about implementation and follow as it is developing the plan in the first place.

The following are areas to address when developing a workable Corporate Strategy:

• Setting the vision - must be clear and specific
• Identify current capabilities and weaknesses
• Outline the Key Success Factors (KSF) to achieving the vision
• Set specific measure to each KSF
• Scope projects to deliver improvements in the areas of measure
• Implement and project manage the projects

For a confidential conversation regarding Corporate Business Strategy please contact us on 01709 539912.