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Group Members

M.Nouman Arshad
Rija Tehseen
Haroon Zafar Ch
Haseeb Iqbal
Iqra Sajid
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Management?
Management Functions
áCP
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ëevelop
the
strategy

Test & Translate


adapt the the
strategy Strategy

Monitor & Plan


Learn Operations
ë   
˜ A brief statement
˜ why the organization exist
˜ what it offers

If you have a body, you are an


athlete
˜ Intentions for the future are stated
˜ Mid to long term goals of the organization
˜ Is not about what the company currently is
Strategy Analysis
˜ ánderstanding of your markets and cost

Setting a strategy requires knowledge in


three areas:
Formulate strategy

Strategies are formulated in order


to achieve organizational goals n
objectives
@ 

 

 @  
ëeveloping Strategy Maps
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Customer Perspective
˜   
  

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Process
Perspective

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Learning & Growth Perspective
˜  
      
   

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@tage 3:-

Plan Operations
Plan Operations

˜ Targets
˜ Initiative Portfolios
Process start with the:-
Process improvement
Preparing detailed sales plan
Resource capacity plan
Operating and capital budget
Process Improvement
˜ Short Term Projects
˜ On Going Process
Example:
Responsiveness
Speed
Quality
Cost
Process Improvement

˜ v 

 
 ΠPM)
˜ a Õa   
 

˜  Õ  

˜  

˜ Reengineering
Sales Plan

˜ Identify resources required


˜ ëeconstruct overall sale target
E.g.
Tower ton Financial
$7.9 million
˜ ERP Systems
›     

˜ TëA C

˜ TëA C model

˜ Feed the new detailed sales plans


ë 
   
   

˜ In the Tower ton Financial case

˜ In a final budgeting step


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As companies implement their strategic
and operational plans, they need to hold
three types of meetings to monitor and
learn from their results

˜ Operational review meetings


˜ Strategy review meetings
˜ Strategy testing and adapting
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INFORMATION ëashboards for Strategy map Strategy map,


REQáIREMEN key performance and balanced balanced
TS indicators; weekly scorecard scorecard,
and monthly reports analytic studies
financials of strategy,
summaries external and
competitive
analysis
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FREQáENCY ëaily, twice Monthly Annually


weekly, weekly, Œperhaps
or monthly, quarterly for fast
depending on moving
business cycle industries)
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ATTENëEES ëepartmental Senior Senior


and functional management management
personnel; team, strategic team, strategic
senior theme owners, theme owners,
management for strategy functional and
financial reviews management planning
officers specialists,
business unit
head
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FOCáS Identify and solve Implement strategy Test and adapt
operational strategy based on
problemsΠsales causal analytics,
declines, late product-line and
deliveries, channel
equipment down- profitability,
time, supplier changing external
problems) environment,
emergent
strategies, and
new technology
development
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GOAL Respond to short Fine-tune strategy; Incrementally
term problems and make midcourse improve or
promote adaptations transform strategy;
continuous establish strategic
improvements and operational
plans; set strategic
targets; authorized
spending for
strategic initiatives
and other major
discretionary
expenditures