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Your role in supporting and influencing corporate strategy 13 May 2008 Presented by John DiNatale
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Demystifying strategy - what is it anyway? A strategy is simply a long term plan of action designed to achieve a particular goal, most often "winning". Strategy is differentiated from tactics by its nature of being extensively premeditated The word strategy derives from the Greek word stratēgos, which referred to a 'military commander'.
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Strategic Management Organisational Objectives Policies and Plans Resources Define Implement Evaluate Science Art
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Levels of Strategic Planning Corporate Strategy IT Plan Production Plan Sales & Mktg Plan HR Plan Distribution Plan Operations Plan
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Strategy Development Methodologies
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Porter’s 5 Forces Model A framework for business strategy development developed by Michael Porter at Harvard Business School in 1979 The model includes three ‘horizontal’ forces – threat of substitute products, threat of established rivals, threat of new entrants and two ‘vertical’ forces – the bargaining power of suppliers and customers
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Sun Tzu – The Art of War (for EAs) A Chinese military book written during the 6 th Century BC Composed of 13 chapters, each of which is devoted to one aspect of warfare Considered the definitive work on military strategies and tactics of its time
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The modern EA?
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Strategic Planning Careful planning based on sound information contributes to faster and better decisions A strategic plan should be brief and easily understood – simplicity is the key
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Waging War Stay focused on strategic objectives Balance resources, risks and rewards
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The Offensive Strategy The focus is on knowledge Patience, positioning and timing Always have an edge Maintain some “opportunistic flexibility” Reward, replenish and invest in support structure
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Tactics Have a well organised implementation plan Be prepared to learn from mistakes Maintain the highest ethics
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Energy Momentum and timely action Leverage complementary skill sets Know the characteristics of your team
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Maneuvering Disciplined organisation Relationship management Organisational management Study, observe, compare and apply The value of timing should never be underestimated
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The use of spies Secure the best information possible for every situation Study the past, analyse the present to create an edge for the future
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Overview Today’s EA: is a crucial team member not only supports strategy, but contributes to its development and ongoing refinement is a key focal point for organisational knowledge plays an important role in optimising the use of organisational resources
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John DiNatale john.dinatale@dcstrategy.com www.dcstrategy.com
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