strategic plan framework - ia state university.ppt

Strategy Development andExecutive ResponsibilityGetting Things Done!Lecture1“A good strategic plan is a set of directions you want to take. It’s a roadmap, lightly filled in, so that it gives you plenty of room to maneuver”Larry BossidyChairman and CEOHoneywell InternationalWhat is Management’s Role??First job is to think through, set and exemplify the firm’s objectives, values, and goals?Management is about making people capable of joint performance?Making employees strengths effective and weaknesses irrelevant?Integration of people in mon venture?Fostering learning and teaching ?Focus on performance and results What is an Executive??Executives are those KWs, managers, and individual professionals who are expected to make decisions that impact performance and results of the firm as a whole?Effective Executive focuses on contribution?“Contribution is the key to effectiveness in one’s own work, in one’s relationship with others and the in the use of the tools of the executive”….Peter F. DruckerWhat is a Leader??Trustworthy?Cowardly?Greedy?Dominating?Humble?Introvert?Analytical?Deceitful?Brave?Generous?Inspiring?Arrogant?Extrovert?Intuitive“What can I contribute that will significantly affect the performance and results of the institution that I serve.”Peter F. anizational anizations tend to evolve slowly through decisions with only small increments over anizational processes are a critical determinant of decision making and thus strategy?Coalitions within anization place severe limits on the general manager’s ability to exercise leadership-”zone of indifference”Corporate Strategy?Articulates the firm’s areas of focus and actions?Fosters the exchange of ideas across the corporation?Vehicle for allocating resources among all of the business units?Identifies the added-valued pany-wide initiatives-six sigma,IT, HR development, etc.?Defines the firm’s boundariesEffective Strategy Process?Emergent?Evolutionary?Intuitive?Circular?FragmentedKey Questi