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DESCRIPTION
The Strategy Management Office (SMO), also referred sometimes as the Office of Strategy Management (OSM), is the team responsible for managing the Corporate Strategy of the organization.
The ultimate role to execute Strategy lies with the line managers and employees, but without a core command and coordination office (i.e. the SMO), Strategy is either skipped from key processes or the processes are ineffectual across business units, causing poor Strategy execution.
This presentation is the second in a series of 3. It dives deep into the 9 cross-functional processes that should be run by the Strategy Management Office. These are split into 3 categories:
>> CORE PROCESSES
1. Scorecard Management
2. Organization Alignment
3. Strategy Review
>> DESIRABLE PROCESSES
4. Strategic Planning
5. Strategy Communication
6. Initiative Management
>> INTEGRATIVE PROCESSES
7. Planning/Budgeting
8. Workforce Alignment
9. Best Practice Sharing
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Source: Best Practices in Corporate Strategy, Strategic Management, Strategic Management Office PowerPoint Slides: SMO Series: Strategy Management Processes PowerPoint (PPT) Presentation, LearnPPT Consulting
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OVERVIEW
ABOUT THE AUTHOR
We are a team of management consultants trained by top tier global consulting firms (including McKinsey, BCG, Deloitte, EY, Capgemini) with a collective experience of several decades. We specialize in business frameworks based on real-life consulting engagements.
We have served 100s of clients that range from Fortune 500 companies to tech startups to $1B+ private companies.
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Strategic Management Office (SMO) - Full Series
This bundle contains 3 total documents. See the additional documents to the right.
Strategy Deployment & Execution Strategy Development Strategic Planning Consulting Frameworks Customer Experience Hoshin Kanri Operational Excellence Balanced Scorecard Organizational Design Core Competencies Strategic Analysis Performance Management KPI Gap Analysis Business Model Design Business Model Innovation Strategic Thinking Strategy Frameworks Digital Transformation Henry Mintzberg Restructuring Organizational Behavior Leadership Cyber Security Maturity Model Business Transformation Mobile Strategy
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