Strategy Management

GRC - Strategy Management
Strategy Management is a Term describing the Practice of
  • Review Strategy - Periodical (typically monthly) meeting to review strategic issues and to make adjustments to the strategy and its execution.
  • Develop strategy - The continual strategy development process, including external and internal competitive analysis, scenario planning, periodic (typically annual) executive team strategy meeting, and advising the executive team on strategic options
    • Define the Balanced Scorecard - Determine adjustments to standard metrics
    • Align the organization - Cascade metrics through the organization
  • Communicate strategy - As-needed strategy updates (adjustments in strategy, strategic initiatives) and periodic Balanced Scorecard messaging (changes in achieved performance) into the organization
  • Manage strategic initiatives - Manage the portfolio of strategic initiatives: screen, select, budget, staff, oversee, and/or execute
  • Integrate strategic priorties
    • Planning and Budgeting
    • Human resource alignment - Make (achieving the) strategy everyone's responsibility through motivation and training
    • Knowledge management - Enable or coordinate sharing best practices most critical for the strategy

Use Cases


Cascading a Strategy Management means to translate the corporate-wide scorecard (referred to as Tier 1) down to first business units, support units or departments (Tier 2) and then teams or individuals (Tier 3) Align Strategy

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