Mastering the Management System
Long –term strategic priorities is what companies found difficulties to balance pressing operational concerns. Because the tension of these is critical. Moreover, there would be no successor without right strategic direction that will lead to strong and right execution. This article explains the stages of effective management in both strategy and operations. The first step is strategy development where they are overveiwing back of the mission, vision and value statement of the company to know the strengths and weaknesses of the company to be able to compete. The second step is the translations of the strategy into objectives and initiatives, where managers organize objectives by themes and knowing the performance of the company for balancing. The third is the creation of operational plan to accomplish the objectives and initiatives which are important because by this time you will know how long can sustain your budget the target process improvements and sales where the resources must be know. The fourth step is the actual creation of the plan and monitoring the effectiveness of the plan by reviewing the data’s to assess progress and identify what are the possible barriers of the operation. Lastly, the fifth step the studying of the operation if the strategy is effective with the minimal allowable cost to came up with very satisfying profit. Furthermore, if it came up with not satisfactory according to their assumptions of progress, early of the process, they will make some alternative way to improve, Kaplan present us same examples to made us a good leader to manage some works that deals with the works of people as long as management cycle concern.
Long –term strategic priorities is what companies found difficulties to balance pressing operational concerns. Because the tension of these is critical. Moreover, there would be no successor without right strategic direction that will lead to strong and right execution. This article explains the stages of effective management in both strategy and operations. The first step is strategy development where they are overveiwing back of the mission, vision and value statement of the company to know the strengths and weaknesses of the company to be able to compete. The second step is the translations of the strategy into objectives and initiatives, where managers organize objectives by themes and knowing the performance of the company for balancing. The third is the creation of operational plan to accomplish the objectives and initiatives which are important because by this time you will know how long can sustain your budget the target process improvements and sales where the resources must be know. The fourth step is the actual creation of the plan and monitoring the effectiveness of the plan by reviewing the data’s to assess progress and identify what are the possible barriers of the operation. Lastly, the fifth step the studying of the operation if the strategy is effective with the minimal allowable cost to came up with very satisfying profit. Furthermore, if it came up with not satisfactory according to their assumptions of progress, early of the process, they will make some alternative way to improve, Kaplan present us same examples to made us a good leader to manage some works that deals with the works of people as long as management cycle concern.
