Professional Documents
Culture Documents
4. Strategy Implementation
5. Evaluation of performance
ESTABLISHING THE HIERARCHY OF STRATEGIC INTENT:-
a. Creating and communicating a vision
d. setting objectives
• VISION
What you want the organization to be, a vision for the future .Your vision is your
dream of what you want the organization to be. Your strategy is the large-scale plan you will
follow to make the dream happen. Your tactics are the specific actions you will take to follow the
plan. Start with the vision and work down to the tactics as you plan for your organization.
• MISSION
Mission or Purpose is a precise description of what an organization does. It should
describe the business the organization is in. It is a definition of “why” the organization exists
currently. Each member of an organization should be able to verbally express this mission. Three
Components of the mission statement
Concurrent with this assessment, objectives are set. These objectives should be parallel to
a time-line; some are in the short-term and others on the long-term. This involves crafting
vision statements mission statements overall corporate objectives strategic business unit
objectives and tactical objectives.
Distributing the specific tasks with responsibility or moulding specific jobs to individuals
or teams.
The process should be managed by a responsible team. This is to keep direct watch on
result , comparison for betterment and best practices, cultivating the effectiveness of
processes, calibrating and reducing the variations and setting the process as required.
(1) corporate strategy, in which companies decide which line or lines of business to engage
in; and
(2) business or competitive strategy, which sets the framework for achieving success in a
particular business. While business strategy often receives more attention than corporate
strategy, both forms of strategy involve planning, industry/market analysis, goal setting,
commitment of resources, and monitoring.
e. Operationalising strategies
Implementation Strategies provides consulting services for assistance
with software projects and web site development. We listen to you. It is important for us
to understand what return you expect from your project. This translates into a more
effective evaluation and implementation. The strategy likely will be expressed in high-
level conceptual terms and priorities. For effective implementation, it needs to be
translated into more detailed policies that can be understood at the functional level of the
organization. The expression of the strategy in terms of functional policies also serves to
highlight any practical issues that might not have been visible at a higher level.
Marketing
Procurement
Production
Human resources
Information systems
b. Reformulating strategies
c. Reformulating strategies
CONCLUSION:-
For sustained growth and maintaining market leadership, long-range
production plans and strategic are essential. Competition from abroad has upgraded the
status of manufacturing as a strategic weapon to achieve comparative competitiveness in
India. Advancement made in electronics and information technologies have introduced
new capabilities in the manufacturing operations.