This review of the top ten things you need to know about Leading the Strategic Management Process was prepared by Kelly Indest while a Management major in the College of Business at Southeastern Louisiana University in Hammond, Louisiana.


 

Introduction

Strategic management is important in a company’s efforts to execute operations and visions of the company. A strategic plan is a strategic vision with objectives and a strategy to be accomplished. These efforts are for long and short term goals and can be beneficial if implemented through the leadership of the organization. Leaders in management are in charge of selecting types of strategies for the business, communicating this strategy to the employees, and monitoring it to make sure it is being performed properly. Managing strategies is a continuous struggle and needs to be constantly monitored so that the quality does not become less. Sometimes the objectives or goals of the company can change and therefore the strategies must change to adjust to this. There are a few helpful actions and concepts that can help implement strategies in management.   

The Idea in a Nutshell

Managers learn to either implement a strategy for the first time into an organization or change an existing strategy. There are six core actions to take when trying to have a successful strategy integrated into an organization. Promoting the process of daily activity can increase knowledge of the company to the manager. Within this action the core concept managing by walking around is a great way to actively stay on top of daily tasks. Another action is ensuring a good strategy for the organization that it applies to. Within this action managers can peruse innovation from their employees. Putting constructive pressure on operations in the organization is another action that should be used by managers. Improving the quality of the organization by actively using corrective actions to right the problems is another idea to follow. Leading development of employees is another action that can help improve an organization from within. The last action mentioned in this article is pertaining to ethical integrity. This is a detailed issue that also has a notion of social responsibility. These actions and concepts are to be fully explained within the following paragraphs.

The 10 Things You Need to Know About the Actions of a Leader

1.    The first main action to take when managing a strategy in an organization is to stay on top of how well things are going. Communication is key when monitoring the progress of a strategy. It is important to talk to supervisors and managers in other departments to get as much information as possible. Managers should seek out truth in there coworkers to make sure plans are going accordingly. Encourage the discussion of problems. This way they are acknowledged and can be resolved. Some managers might be embarrassed to admit problems or try to make situations look better than they really are. Monitoring of these situations can prevent that issue and can be accomplished through different techniques.