September 8, 2024
Strategic Management

Strategists – Roles and Levels

by noteswa

Strategists – Their Roles & Levels

Who is strategist?

  • Strategists are individuals or groups who are primarily involved in the formulation, implementation, and evaluation of Strategy.
  • In a limited sense, all managers are Strategists. But we may have outside agencies involved in various aspects of Strategic Management, who are also Strategists.

Board of Directors:-

  • Board is an ultimate legal authority of an organisation.
  • Board is responsible to owners, share holders, government, controlling agencies, and financial institutes. They get elected and appointed by holding or parent company.
  • Board is requires to direct and is involved in reviewing and screening executive decisions in light of their environmental, business and organisational implications.
  • Role of Board of Directors is to guide the senior management in setting and accomplishing objectives, reviewing and evaluating organisational performance, and appointing senior executives.
  •  Board is involved in setting strategic direction, establishing objectives & strategy, monitoring and reviewing achievement

Chief Executive Officer:-

  • is responsible for all aspects of strategic management from the formulation to evaluation of strategy.
  • CEO plays a pivotal role in setting mission, objectives and goals.
  • He formulates and implements strategy and ensures that organisation does not deviate from a predetermined path

Entrepreneur:–

  • is the person who starts a new business, is a venture capitalist.
  • He has to play a proactive role to provide sense of direction, set objectives and formulate strategies.
  • He is different from formal system and plays all strategic roles simultaneously.

Senior management:-

  • consists of higher management level starting from CEO to functional managers and profit centre or SBU heads.
  • They are responsible for implementing the strategies and plans and for a periodic evaluation of their performance.
  • Organisationally they come together in the form of committees, task forces, work groups, think tanks and play a very important role in Strategic management.

  • SBU level Executives

    SBUs are formed with each business having a clearly defined product – market segment and a unique strategy. They are CEOs for their SBUs and hence SBU level strategy formulation and implementation is their main role.

Corporate Planners:-

  • It assists management in all aspects of strategy formulation, implementation and evaluation.
  • They are responsible for preparation and communication of strategic plans, provides administrative support and plays a measurement and controlling role.
  • They do not from strategy and do not initiate a process on their own.

Consultants:-

  • in absence of a Corporate planning many organisation take an outside help in the form of a consultants or consulting companies.
  • Besides providing corporate strategy and strategic planning, they are specialist, knowledgeable, outsider, unbiased and provide objective evaluation.

E.g. AF Ferguson, PWC, KPMG, Mckinsey etc.

 

noteswa

View all posts by noteswa →

You might also like

Value Chain Analysis

McKinsey 7S Framework

Expansion through Integration – Vertical Integration and Horizontal Integration

SWOT ANALYSIS – A STRATEGIC TOOL

The Strategy Hierarchy – Level of strategy

Expansion through Cooperation – Mergers and Acquisitions – Joint Ventures – Strategic Alliances

What is Business Policy?

Expansion through Diversification – Related diversification and Unrelated diversification

Stability strategy

ETOP – Environmental Threat and Opportunity Profile – Analysis

Retrenchment strategy

Expansion through Concentration Strategy

681 thoughts on “Strategists – Roles and Levels”

  23. Заказать прогон
    Xrumer и GSA, allsubmitter

    Если Вы хотите, чтоб Ваш сайт привлекал как можно больше посетителей,
    то нужно, чтоб он был не только полезным и удобным, но и хорошо оптимизированным для поисковиков.
    Это потребует немало усилий и затрат, однако если хотите здорово ускорить процесс и ощутимо поднять сайт в результате выдачи, то можно использовать прогон сайта хрумером.
    Таким образом Вы можете не только быстрей получить желаемый результат,
    но и даже сэкономить время и деньги.

    прогон хрумером форум
    Хрумер — это софт для массовой рассылки комментариев на различные блоги,
    сайты, доски объявлений и даже социальные сети.
    Прогон по форумам происходит автоматически, ведь алгоритмы программы способны самостоятельно регистрировать
    аккаунты на сайтах, обходить капчи и любую другую защиту от автоматических регистраций и публикаций.
    Данный программный продукт развивается уже много лет и может работать с разнообразными CMS

    ЗАКАЗТЬ ПРОГОНЫ МОЖНО ЧЕРЕЗ СКАЙП ЛОГИН POKRAS7777
    ИЛИ ЧЕРЕЗ ТЕЛЕГРАММ @pokras777
    ИЛИ ПИШИТЕ НА ПОЧТУ BIKON777@YANDEX.RU

    Фухты1

  48. ChatCrypto is building a high performance AI Bot which is CHATGPT of CRYPTO.
    We are launching the Worlds first deflationary Artificial Intelligence token (CHATCRYPTOTOKEN) which will be used as a payment gateway to license
    Join the Chatcrypto community today with peace of mind and happiness, as registering for an account will reward you with 1600 Chatcrypto tokens (CCAIT) for free
    Project link https://bit.ly/41Fp0jc
    Not only that, for every person you refer to Chatcrypto, you’ll earn an additional 1600 tokens for free.
    q1w2e19z

Comments are closed.

Download Study Material Here Download Study Material

Got it!
X