Organizational Strategy
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An Organizational Strategy is an organizational plan that is a strategy (for the organization).
- Context:
- It can (typically) help to attain Organizational Objectives (such as organizational mission and organizational vision).
- It can be effected by Organizational Policy and Organizational Plans.
- It can range from being a For-Profit Organizational Strategy to being a Non-Profit Organizational Strategy.
- It can be supported by an Information Technology Strategy.
- It can be supported by a Strategic Plan (defined by strategic planning).
- It can be managed by Organizational Strategic Management.
- …
- Example(s):
- Counter-Example(s):
- See: VMOST Framework, OKR, Key Performance Indicator, Balanced Scorecard, Strategic Planning.
References
2013
- http://en.wikipedia.org/wiki/Strategic_management
- Strategic management analyzes the major initiatives taken by a company's top management on behalf of owners, involving resources and performance in internal and external environments.[1] It entails specifying the organization's mission, 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. A balanced scorecard is often used to evaluate the overall performance of the business and its progress towards objectives. Recent studies and leading management theorists have advocated that strategy needs to start with stakeholders expectations and use a modified balanced scorecard which includes all stakeholders.
- ↑ Nag, R.; Hambrick, D. C.; Chen, M.-J (2007). "What is strategic management, really? Inductive derivation of a consensus definition of the field" (PDF). Strategic Management Journal 28 (9): 935–955. doi:10.1002/smj.615. http://onlinelibrary.wiley.com/doi/10.1002/smj.615/pdf. Retrieved October 22, 2012.