Traditional approaches to overcome enterprise challenges (Use of strategy…
Traditional approaches to overcome enterprise challenges
Use of strategy
3 main process:
:lock: strategy formulation
:lock: strategy implementation
:lock: strategy evaluation
Strategy as a Means to Focus Effort
:check: use strategies to focus their resources & efforts towards the achievement of goal-based on reflection on future evolution.
mission, vision, goals, strategy and policies
:<3: Strategy: resultant of an organization's mission and vision
:<3: Goals: formulated as concrete milestones toward the achievement of an organization's vision.
First tier, we find mission, the reason of existence for an organization.
Second tier provides a concretization of the mission in terms of a vision and a strategy aiming to realize the vision.
Third tier provides a further concretization by refining the vision to goals and the strategy to policies. (Ruzaidi)
execution of a strategy
:fire: Strategy itself is likely to evolve continuously
:fire: permanently improve and adapt an organization's strategy due to changes
::pencil2: Two flavours of strategy evolution:
:explode: can be influenced by developments in the environment of an organization.
:explode:developments may be due to political, environmental, socio-cultural, technical, economic, as well as legal factors.
:explode:Covers the opportunities and threats
:explode: Enterprise have planning to have a website in order to enhance their marketing but people nowadays use mobile apps. So the enterprise need to change their plan and develop mobile apps according to customer demand. (Diana Fazreena & Farah Nadiah)
Inside-out (Diana Fazreena)
:champagne:can be influenced by changes in the availability (and becoming aware) of an organization's resources and competencies.
:champagne: Deals with strengths and weaknessess
::champagne: Enterprise plan to produce product for 500 pieces everyday but due to lack of resources such as worker, the enterprise cannot produce the product and run the business smoothly. (Diana Fazreena & Farah Nadiah)
Putting Steering into Action (Diana Fazreena & Farah Nadiah)
Organizing the Organization
Two strategies to counter causes: i)"quantify the vision" ii)"plan what you are not going to do"
Take care of structuring organization structure, processes, and relationships to support successful performance
Causes raised: i)"discord at the top" ii)"let us just start"
Resourcea Allocation: enablement of success by how various bussiness areas support strategies and vice versa
Addresses the individual and organizational issues concerned in managing change
Programmatic steering of change
Programmatic steering of change instruments
:star: Governance (Farah Nadia)
To make overall change and governance
processes of the enterprise
possible, governance needs a clear
insight into the substance and
coherence of the entire value chain.
Enterprise must make sure that their
business comply with the rules make by
:star: Projects (Luqman)
results should not only answer the
concerns of the project’s stakeholders,
but it should also be aligned to
strategic directions and constraints : :
Enterprise need to have clear view
of the project to make sure it align
to strategic direction and constrains
:star: Portfolio Management (Farah Nadia)
A means to manage initiatives and
programs in an integrated,
Previous project that has been handled
by an enterprise as guidance to manage
:star: Program Management
An instrument to achieve business
benefits. It is a way to manage
uncertainties, changes, and coherence