The Strategic Management Framework - A Simple Look - The World of Work Project

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The Strategic Management Framework: A Simple

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About Us framework is a highlevel summary of a cyclical
The Strategic Management
process of strategy creation. It splits strategy into a repeated formulation
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and implementation phases, each of which has its own sub-steps and
activities.
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Strategic Management Framework

The strategic management framework provides a detailed overview of the strategy process
adopted by many organizations.
This framework separates the strategy process into three high level activities: defining vision and
mission, formulating strategy and implementing strategy.
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Stage 1: Vision and Purpose (or Mission)

As with the VMOSA framework,Free
theResources
first activity that needs to be completed when following the
Strategic Management Framework is the creation of an organizational

vision and mission.
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The organization’s vision and mission then go on to be a constant point of reference throughout
the remainder of the organization’s strategy
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Stage 2: Strategy Formulation

The second stage of this framework takes an organization through the process of formulating a
strategy. This is done in several sub-stages.
Analysis
The first part of strategy formulation is analysis of the current state. It’s impossible to decide on
and create a strategy if you don’t understand the lay of the land, so analyzing a wide range of
factors is the first stage of the strategic process.
At this stage organizations consider and analyze a range of factors including: the wider economy,
their industry and their own specific capabilities, strengths and weaknesses. There are a wide
range of strategic analysis tools that can help with this stage of thinking.
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Analysis might mean a lot of time doing research…

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Once an organization understands Uscurrent state and has a detailed
the 
analysis of their
environment, their industry and themselves, they can start to look forward and consider the
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opportunities and threats that they may face.
With this combined understanding of the current state and some future analysis, it becomes time
to start thinking about what specifically the organization will do. At this stage, the organization
starts to focus on how it will compete in its chosen market place or environment.
In essence, these activities are the creation of the organization’s strategy.
Goal Setting
The last part of the strategy formulation stage of the Strategic Management Framework is to
create goals and targets relating to the organizations defined strategy. It’s great to know what
you’re going to do at a high level, but for your strategy to be useful it needs to include specific
detail to manage towards. To help with this, many organizations use Balanced Scorecards.
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Your goals are what you are aiming for.
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Concepts like SMART goals and objectives may be helpful at this stage.
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Stage 3: Implementing your strategy

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The third stage of this framework focuses on the implementation of strategy, which is considered
to have two sub-stages.
Implementing a strategic structure

In this stage, the organization ensures it is effectively structured to deliver on its strategy. The
thinking here is that before you go and do something, you need to have all your pieces in the right
place.
At a practical level, this means that to be prepared to start delivering your strategy effectively,
you need to have the right leaders and individuals in your organization, you need to have the right
business units, you need to have the right legal structures, you need to have the right processes
and policies and capital assets and you need the right strategic projects lined up to help you
deliver effectively. Once these pieces are in place, you can press the big
Controlling your strategic delivery

The last part of this model considers the need to effectively control and deliver your objectives.
wish.in place
Once you have all the right pieces Cookie
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you press the “start” button on your strategy, you
need to monitor and control your performance on a constant basis. Frequent fine-tuning is
required to ensure success and feedback plays an important role in this.  
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 requires regular oversight of progress.
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The key message here is that control frameworks are essential for strategic success in most
instances.
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The strategic management framework is helpful. Leaders us it to think comprehensively about
their strategies.
In manyuses
This website organizations the approach
cookies to improve to strategyWe'll
your experience. is cyclical,
assumeiterating
you're okthrough formulation
with this, but you canand
opt-out if you
implementation phases of roughly this process. Those cycles can be of different lengths, but a
three year strategy cycle isn’t uncommon. Of course, organizations also need to look further into
the future. They also need to manage their ongoing business and operations while still thinking
strategically about the future.  
This framework only provides a high level summary of the activities required. Anyone creating a
strategy aligned to this framework should use further models to support their thinking.
As with all strategic planning, you need the right people involved in the process for it to be
effective. You also need to ensure you iterate through the processes you use as things in the real
world are constantly changing and evolving and in most cases while it’s possible to define a
strategy at a high level, doing so doesn’t mean that you won’t need to change direction in
response to changes in the real world.
The last thing we’d like to plug in here is that it would be great if your strategy helped you become
a responsible business.
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 

The Strategic Management Framework: A Simple

 6 min read CIC Services 

THE WORLD OF WORK PODCAST

Strategic Management Framework

Stage 1: Vision and Purpose (or Mission)

Stage 2: Strategy Formulation

Analysis might mean a lot of time doing research…

Strategy Formation CIC Services 

In essence, these activities are the creation of the organization’s strategy.

Stage 3: Implementing your strategy

Implementing a strategic structure

Controlling your strategic delivery

About Us Effective control

Free Online Seminars

EXPLORE OUR FREE SEMINAR CALENDAR AND REGISTER ON EVENTBRITE

The World of Work Project View

Your Favorite Podcast Player!

The UN’s Sustainable Development Goals

Responsible Business For A Better Future

Predictive Analytics In The World Of Work

Our newsletter, the WoW Mail, is full of great leadership and

You can sign up HERE.

Help & Support

About UsFree Resources 

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