Assessing Corporate Strategy and Business Unit Effectiveness PPT
This PPT slide, part of the 24-slide 4 Areas of Strategic Governance for New Board Members PowerPoint presentation, focuses on the third core area of strategic direction, emphasizing the importance of corporate strategy and resource alignment. It poses 2 critical questions for evaluation: whether there is a consistent understanding of the corporate strategy among all stakeholders and if the business unit strategies are effective.
The first question highlights the necessity for a universal comprehension of corporate strategy. It suggests that a sound strategy should be understood by everyone within the organization. The accompanying importance section stresses that without this shared understanding, the effectiveness of the strategy could be compromised. The starting point for addressing this question involves assessing whether stakeholders articulate the company's growth platforms and investment needs in a unified manner. It also prompts leaders to consider if the fundamental elements of the strategy have been effectively communicated across the organization.
The second question shifts focus to the effectiveness of individual business unit strategies. It underscores the need for directors to grasp the assumptions, priorities, and options presented by management at this level. This section suggests that evaluating these strategies against established criteria is essential for ensuring they meet effectiveness standards. The starting point for this evaluation includes testing for flaws by applying ten tests of effective strategies, which would help in identifying potential weaknesses.
Overall, this slide serves as a guide for executives to critically assess both corporate and business unit strategies, ensuring alignment and clarity throughout the organization. It encourages a systematic approach to understanding and evaluating strategic direction, which is vital for organizational success.
This slide is part of the 4 Areas of Strategic Governance for New Board Members PowerPoint presentation.
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