TRADITIONAL PROCESS FOR STRATEGY MAKING
This is a generic example of a traditional strategy making process. Approaches may vary in the number or complexity of steps involved, however, this process map captures the basic elements one could expect to see. Further, there are processes inside of processes. For example, the final three process steps (developing new initiatives to implementing associated plans) typically call upon the discipline of project management, with its numerous processes, tools and techniques.
Extreme process complexity can make the concept of strategy di cult for many managers to understand. Where does the work of strategy begin? Where does it end? How far does it reach into other organizational processes? We’ll explore these questions more deeply throughout the course.