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    Corporate Strategy and Governance

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    Ahad Qr
    Strategy involves analyzing internal and external factors to craft long-term goals and actions. It focuses on competition and cooperation. There are three strategic horizons - continuous innovation (1-3 years), extending the existing model (3-5 years), and creating new capabilities (7-12 years). Strategy directions define the long-term mission, vision, objectives, and values to achieve goals. An organization's environment and stakeholders are also important factors. The purpose of strategy is communicated through the mission to define the organization's fundamental purpose, the vision to create its identity, values to guide operations, and objectives to set targets.

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    Corporate Strategy and Governance

    Uploaded by

    Ahad Qr
    37 views3 pages
    Strategy involves analyzing internal and external factors to craft long-term goals and actions. It focuses on competition and cooperation. There are three strategic horizons - continuous innovation (1-3 years), extending the existing model (3-5 years), and creating new capabilities (7-12 years). Strategy directions define the long-term mission, vision, objectives, and values to achieve goals. An organization's environment and stakeholders are also important factors. The purpose of strategy is communicated through the mission to define the organization's fundamental purpose, the vision to create its identity, values to guide operations, and objectives to set targets.

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    Strategy involves analyzing internal and external factors to craft long-term goals and actions. It focuses on competition and cooperation. There are three strategic horizons - continuous innovation (1-3 years), extending the existing model (3-5 years), and creating new capabilities (7-12 years). Strategy directions define the long-term mission, vision, objectives, and values to achieve goals. An organization's environment and stakeholders are also important factors. The purpose of strategy is communicated through the mission to define the organization's fundamental purpose, the vision to create its identity, values to guide operations, and objectives to set targets.

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    37 views3 pages

    Corporate Strategy and Governance

    Uploaded by

    Ahad Qr
    Strategy involves analyzing internal and external factors to craft long-term goals and actions. It focuses on competition and cooperation. There are three strategic horizons - continuous innovation (1-3 years), extending the existing model (3-5 years), and creating new capabilities (7-12 years). Strategy directions define the long-term mission, vision, objectives, and values to achieve goals. An organization's environment and stakeholders are also important factors. The purpose of strategy is communicated through the mission to define the organization's fundamental purpose, the vision to create its identity, values to guide operations, and objectives to set targets.

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    Corporate Strategy and

    Governance

    Personal Notes:
    Strategy:
    Strategy is a planning for long term goal, indeed. But it all starts from the strategic
    analysis—analyzing and evaluating the appropriate date to identify the external and
    internal key drivers in terms of Challenges and Opportunities, Resource capacity &
    Organizational Structure in order to craft the required strategic actions that could lead to
    the goal, which is an essence of strategy.
    Strategy is all about determination of a long term goal, acquiring the necessary courses of
    an action i.e. strategy actions- Mission, Vision & Value Statements and allocating the
    required resources in order to attain the goal. The strategy includes both deliberately and
    emergent dimension while it emphasize on the difference and competition also recognize
    the co-operation and following trend.
    ELEMENTS OF STRATEGY: LONG TERM, DIRECTIONS & ORGANIZATION.

    Long Term: the long-term element of the strategy can be measure by assessing the
    company investing horizon. There is three-horizon model which has categorized further
    on basis of the nature of operation and approach. The main essence of 3 horizon model is
    to assess that for how much period the strategy will lasts.
    Horizon 1: Continuous innovation in terms of extending and defending the core business
    operation in the short term. It lasts for 1-3 years.
    Horizon 2: Extend the existing business model and core capabilities to find new customer
    market and target in short to identify another source of the income. It lasts for 3-5 years.
    Horizon 3: Conduct new business to take advantage of or to respond to disruptive
    (Innovation) opportunities or to counter disruption (Challenges). In short, seed for
    creation of new capabilities. It lasts for 7-12 years.
    Strategy Directions: Strategy usually follows the long term direction in terms of the long term
    goal’s achievement or set of an actions to help in achieve an organization strategy. The type of
    strategic directions are Mission, vision, objectives, values and the other factors that are essentials
    to define an organization’s purpose and goal.
    Strategy directions of some companies could be to attain the market and customer which they
    have targeted or could be profit maximization. It depends on the nature of business.
    Organization: Organization should not be considered as an closed group entity but it’s spread
    outside in terms of having external connection/relation and internal too i.e. Stakeholders,
    Shareholders, suppliers, customers, alliance, partners, regulators and relationships.
    The organization environment is an essential and significant factor while forming the strategy for
    it.
    PURPOSE OF STRATEGY: MISSION, VISION, VALUE & OBJECTIVE
    The purpose of strategy is to define the clear and larger purpose of an organization i.e. how to
    make a difference and for whom the change/difference matters. The purpose is explain through
    Mission, Vision, Value and Objective statements.
    Mission Statement: Mission statement is all about the organization’s fundamental and purpose;
    to define that for what the business actually exists and how make a difference, and for whom.
    Example can be given of a random biscuit company—we care of the people’s health and diet by
    making a qualitative biscuit.
    Vision Statement: Vision statement seeks to create its distinctive identity i.e. what to do we
    want to achieve as an organization. The vision of a random Service provider company could be:
    ‘Not the name but a trademark that everyone wants to affiliate with it.
    Statement of Value: it defines the core and enduring principles which a company should acquire
    in its operations and activities and guides the organization’s strategy. A statement of value for a
    random could be like ‘Integrity with efficiency’
    Objectives: these are basically the target of an organization over a period of the time or
    statements of outcomes that are to be achieved. The objective for a random company could be
    the profit maximization to certain figure, market and customer targets or efficient prices structure
    etc.

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