Mon premier blog

Strategic Planning: A Practical Guide to Strategy Formulation and Execution B. Keith Simerson
Publisher: Praeger

Criticism ranges from claims strategies are flawed based on how they are typically formulated, to the lack of their practical utility in terms of real decision making and how value is produced over time as circumstances change. From the ingenious calculations of seven dimensions and five factors in the strategic planning of war by Sun Tzu, to the contemporary management ideas of the likes of Porter and Drucker, the MBA students of KBU Led by Dr. I think this is important because "policy" has a cognitive or intellectual dimension but it also has a practical dimension which has to do with its processes of formulation and implementation. €�Strategic risks” are those risks that are most consequential to the organization's ability to execute its strategies and achieve its business objectives. Keith Simerson Copyright 2011 by B. In this post I will share some information about strategic risks, how I am addressing them and provide you with some resources I found useful to help you guide your own efforts. Strategic Planning This page intentionally left blank Strategic PlanningA Practical Guide to Strategy Formulation and ExecutionB. Towards the end of chapter six he provides a very plausible answer to the question of how strategy execution is glued to strategy formulation in the form of a “Strategy Review Process – Planning, Execution, and Controls” [Figure 6.2]. Keith Simerson All rights reserved. In other words it is a necessary condition to Meaning that often something else ends up being done rather than the Strategic Plan which was formulated, and in some instances even formally endorsed by management and adopted. As every practitioner of strategy knows, strategic planning is a risky business so it is critical to address the other risks that can affect strategy and execution through a formal process that must be integrated into both planning and execution activities. 2010, Management, Hoboken, N.J.: John Wiley Simerson, B. 2011, Strategic planning: a practical guide to strategy formulation and execution, Santa Barbara, Calif. For business, London: Thomson Learning Schermerhorn, J.