Strategy

The five (5) tasks of strategic management are clear: - Develop a strategic vision and business mission; - Setting objectives; - Crafting a strategy to achieve the objectives; - Implementing and executing the strategy; and - Evaluating performance, monitoring new developments, and initiating corrective action. But, who does strategy -- the CEO? Only the CEO? The “upper” echelon? Line Department Managers? Staff Department Managers? Operational Unit Managers? Or, does everyone do it??? And what do they do??? Mention “long-term” and “short- term” in your response. In this regard, what is the role of the role of the Board of Directors -- should they be very involved (overly involved)? Or, should they rubber-stamp everything that management puts forth? What does Sarbanes-Oxley say about Board involvement? • Strategy is about asking the right questions: • o What must managers do, and do well, to make a firm a winner in the marketplace? • Strategy requires getting the right answers: • o Good strategic thinking and good management of the strategy-making, strategy- executing process. o First-rate capabilities and skills in crafting and executing strategy are essential to managing successfully. Is that all that “strategy” is about??? Take a piece of this intro and "run" with it! Use some real-life examples -- use Google, if necessary -- discuss your job; discuss your former job; what about the job(s) of your parent(s); or any organizations that you've read about; etc., etc., etc.!