What strategic managers do?
Jocelyn Kung gives three examples for crisis management strategies in Forbes:
1. What to cut: future survivors need the most significant, fast cost structure changes
2. What to preserve: for keeping perspective and also the importance perspectives and
3. Where to take risks: important in both establishing the business and changing existing, note future is often unclear.
You’re often in a situation where you need to react fast. These three strategies may also happen without any crisis, to be prepared for changes in the future.
Harvard Business review lists several tasks for Organization Strategy Management office:
1. create and manage scorecard,
2. align the organization,
3. review strategy,
4. develop strategy,
5. communicate strategy,
6. manage strategic initiatives and
7. integrate strategies priorities to other support functions.
This article assumes that strategic management team needs someone behind the scenes helping in these tasks. If you’re a future strategy manager, these tasks are for you and possible your team.
If you want to know more about this topic, enroll my Strategic Management course!