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Strategic Planning: A Practical Guide to Strategy

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

Strategic Planning: A Practical Guide to Strategy Formulation and Execution



Download Strategic Planning: A Practical Guide to Strategy Formulation and Execution




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


Authors assigned six primary tasks to the process of strategic management: develop goals, analyze environment, formulation, evaluation, implementation of strategy and its control. Both businesses use what they dub the Long Range Strategic Planning (LRSP) process. They confuse strategy with planning and bounce back and forth between the two at a dizzying pace, forgetting that strategy is from the top down and planning, done well, is from the bottom up. Begin by addressing the practical and tactical components of people's jobs every day. Further, the notion of crafting and deploying large-scale change initiatives has been widely diffused among managers as the basis for strategic management (e.g., Andrews 1971; Thompson and Strickland 1998). Too often, though leaders pour their energy and resources into formulating strategy and spend too little time figuring out how to implement that strategy throughout the organization. Corporate Strategy , Planning , Execution. Implied in many models of planned change is a sequential progression that begins with planning activities and moves through variables that facilitate the execution of plans in order to realize effective change (e.g., Andrews 1971; Lewin 1951; Kotter 1996; Tichy 1983). Title:Strategic Planning: A Practical Guide to Strategy Formulation and Execution Author:B. The Values Companies should articulate the values that guide employee behaviour toward principal stakeholders, including customers, suppliers, fellow employees, communities, and shareholders. Keith Simerson Publisher:Praeger ISBN:1333396911. In generating open, constructive discussions about managing the risks related to strategic choices and argue that companies need to anchor these discussions in their strategy formulation and implementation processes.

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