Conclusions::
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What makes an effective strategy? It should:
1. Combine qualitative and quantitative analysis.
It is important to have data and facts supporting decisions. However, qualitative support like anecdotes from industry players, and past experiences of managers can also form a strong base for making informed decisions on the strategic choices laid out.
2. Challenge and question underlying assumptions.
Blindly assuming things is the fastest way for a strategy to fail. A robust strategy would have its assumptions actively challenged by as much stakeholders as possible. This way, all angles of the issues would be addressed.
Effective Domaining Strategies::
Brett has each person give a background on themselves. Each quickly does so. Tom Murphy - State of Aftermarket and Effective Domaining Strategies. Baiscs
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RealTime Strategy - Adaptable business strategies to manage envolving needs::
and productivity and evaluates barriers to implementing effective KM programs. of firm size, effective strategy development and implementation depends
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3. Emphasize implementation issues as well as strategy analysis.
An equally important part of the strategic process is to have the follow-through. Implementation is extremely important as all talk and no action will never make the strategy materialise. The real value comes when the strategic plan is acted upon.
4. Be flexible and have contingency plans.
The environment and market condition changes dynamically, hence, a strategy should be flexible and have its contingency plans. We are not talking about swinging strategy 180 degrees around, but there should always be a flexibility in the direction ahead.
5. Be easy to understand and communicate.
The biggest bane in strategic process is the lack of proper communication of the big picture to the organisation, even right down to the janitor. Often, the strategy end up as a well kept secret, only privy to the top management. Contrary, strategy should be easy to understand and communicated profusely through the organisation. This is to ensure that everyone has a common understanding and vision of where the organisation is heading.
Find more thoughts at http://360strategyleadership.blogspot.com/
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Effective Strategy