regardless of the industry or the size of the company, successful company strategic management relies on a systematic process that encompasses the entire organization. A well-designed strategy requires a significant investment of time and resources from top executives, and the process can take from months to a year before the company finally settles on the direction and plan for implementation.

The next step in the process is to establish the schedule for regular sessions that concentrate on the progress made and achievement of the goals set out in the strategy planning process. This is a crucial step of the process and it’s a typical mistake for companies to not take this step. This is why it’s important to have regular meetings at minimum, twice per month, for a total of two hours. The meeting should include all managers, from top to the front-line employees. The agenda should be focused on ensuring that the strategic management is being executed and the strategies are effectively implemented.

It is important that someone who is trained in the use of a strategy management tool like OnStrategy stages of strategic management facilitates the meetings. This person could be the leader of the team that manages the strategy and ensures the process is properly executed and that all the necessary information for meetings to be successful is collected and shared. This phase ends with a final check to ensure that the plans of all functional departments are aligned with those established by the process of strategic management. For instance, the finance department should prepare budgets that reflect the ones established in the strategy management process, and IT should develop plans for infrastructure and application projects to support strategic initiatives.

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