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TRADITIONAL APPROACHES (Programmatic Steering of Change (:checkered_flag:…
TRADITIONAL APPROACHES
Programmatic Steering of Change
:checkered_flag: The implementation of a strategy is executed through programs.
objectives
aiming to
achieve benefits
improvements in the business
at a strategic level
:checkered_flag: Instruments that are available
Projects
aim to realize parts of the to-be situation.
Portfolio management
a means to manage initiatives and programs in an
integrated, coherent fashion
Governance
business challenge - important in the networked economy
Programme management
an instrument to achieve business benefits.
:warning: Shortcoming
the same requirements are differently elaborated and solved by different projects
realized solutions overlap or are incomplete
realized solutions are optimal for their project, but not the best for the enterprise as a whole
portfolio, programs, and projects don’t stay in line with agreed strategy and constraints
Strategy as a Means to Focus Effort
strategic management is a combination of three main
processes:
strategy implementation
strategy evaluation
strategy formulation
:check: Organizations always use strategies to focus their resources and efforts toward the achievement
of goals
:<3: The concept of strategy
Vision
Desired future state: the aspiration of the organization
Strategy
Long-term direction
Mission
Overriding purpose in line with the values or expectations of stakeholders
Goal
General statement of aim or purpose
Policy
A statement giving direction toward the achievement of goals
:warning: Shortcomings
decision-making that is done too early or too late, which often results in wrong decisions
a vision and strategy that are not well-defined, causing different interpretations and at execution level
a strategy without freedom of choice which limits the execution teams too much;