Strategic Management - Meaning and Important Concepts Strategic Management - Meaning and Important Concepts Strategic Management - An Introduction Strategic Management is all about identification and description of the strategies that managers can carry so as to achieve better performance and a competitive advantage for their organization.
How to Create and Execute a Plan for Successful Change A change plan is an explanation of the proposed changes and the steps needed to achieve them.
February 4, Lorri Freifeld By John Kuhn and Mark Mullins Incredible advances in technology, communication, information processing, and globalization are occurring at a ferocious pace.
As a result, many business models are requiring change, while others quickly are becoming obsolete.
A growing body of research indicates that a doggedly future-focused, change-oriented mentality that integrates and embraces ongoing plans for change produces better decision-making, drives growth, and facilitates success.
How are you dealing with change?
Procrastinating is not an option. To survive today, you must be prepared for rapid change. A change plan is developed to implement projects that have been specified for change.
Change requires courage, a certain degree of risk, some discomfort, and often a lot of hard work, but today, an ongoing change plan should be the norm rather than the exception.
Prepare yourself for ongoing change by developing and executing a change plan that includes the following: Identify projects for change Develop an effective communication plan Eliminate implementation barriers Develop the change plan Identify Projects for Change There is no right or wrong answer as to exactly where to begin, but after doing a company-wide assessment, you should be able to prioritize what needs immediate attention, improvement, or change.
Talk with as many people as appropriate and possible before adopting and communicating any change plan. Get feedback from everyone you deem necessary. Develop an Effective Communication Plan To manage sustainable change, you must communicate a clear vision of the project.
Begin by developing an effective communication strategy for company-wide adoption, which is the cornerstone for the support, execution, and success of the plan.
You will have already informally introduced the proposed project and received feedback, so now you can finalize and deliver your formal communication plan. Set an upbeat, energized tone from the get-go. Be open and freely share all information about the pending change. Follow up with your people with these essential steps: Explain the goals and objectives of the change Explain why the change is necessary Discuss what the change may look like and how it may affect departments and individual employees Speak in terms of how the company and everyone will benefit from the change Establish roles and responsibilities for how the change will be achieved; that is, who is going to do what, when, why, and how Discuss the project timeframe and timelines Establish the desired results Keep providing progress updates Encourage feedback from all employees to continuously improve the plan Whenever possible, have all the appropriate people involved in any change discussion, and do it in a timely fashion to eliminate information vacuums, rumors, and resentment.
Make them part of the entire process. Eliminate Implementation Barriers Everyone perceives change in different ways. Keep in mind that change can be disruptive and upsetting to people. The truth is, some people will complain and some will view the change as a weapon of mass disruption and resist its implementation.
Be prepared to maneuver through some minefields and to deal with a plethora of fear and concern when introducing change. In our consulting practice, we create significant change in many companies we work with.
Interestingly, the first barriers we often face are from the very executives who call us in to make the changes.
They are tentative about taking on the unknown, disruption, fears, and concerns that accompany the change process. We help them prepare for the tidal wave of potential opposition with an overwhelming, compelling, and persuasive plan to ensure successful adoption.
Understand the potential obstacles from allquarters for the change plan you have in mind. Factor into your execution plan the time to deal with potential resistance.
Regardless how well you plan and present the project, you still may encounter some degree of opposition, so be patient and prepared to deal with it. Develop the Change Plan In its simplest form, a change plan is an explanation of the proposed changes and the steps needed to achieve them.
Length and formality depend on your particular situation. Here are the essential elements: John Kuhn and Mark Mullinsare serial entrepreneurs and business consultants.Strategic Management gives a broader perspective to the employees of an organization and they can better understand how their job fits into the entire organizational plan and how it is co-related to other organizational members.
It is nothing but the art of managing employees in a manner which maximizes the ability of achieving business objectives.
Hayes’ WHITE PAPER: Healthcare Strategic Planning 2 In healthcare today, challenges surface almost daily in terms of finance, reform, government mandates and policy, technology, and customer satisfaction. It is crucial that healthcare leaders step back and . Aug 20, · Best Answer: the objectives and the goals may change or the way they are implemented may change, the technology changes constantly and depending upon the type of organization, this may change as well.
In some instances the leadership of the organization may change, so will the objectives and strategic plans depending upon the leadership of the caninariojana.com: Resolved. The Workforce Plan Template is designed to help you: The workforce plan should align with your organization’s strategic plan, mission, vision, goals, and values.
The action plan is included as an appendix because it lends itself to continuous updates/change. In this way you will not have to update the entire plan. (Add rows to the. Implementation of the new Strategic Plan will begin in March , including work on the Strategic Enforcement Plan.
As noted in Strategic Objective I and Appendix B, there will be future opportunities for public comment on the Strategic Enforcement and Quality Control Plan for . Communication Planning bpayne and Adrienne Watt.
Communications management is about keeping everybody in the loop. The communications planning process concerns defining the types of information you will deliver, who will receive it, the format for communicating it, and the timing of its release and distribution.