As we learned this week, the strategic management process has five steps: 1) Establish the mission and the vision; 2) Assess the current reality; 3) Formulate the grand strategy; 4) Implement the strategy; and 5) Maintain strategic control.
Below is a 6-minute video where Professor Donald Sull discusses recommendations for translating strategy into results.
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Harvard Business Review video Why So Few Managers Understand Their Company’s Strategy. (Links to an external site.)
After watching the video, choose one of the questions below to answer:
- Describe how you, or someone you know, used some of the recommendations in the video to implement either new ideas or strategies at work. What are the lessons learned?
- Identify a current or previous supervisor, or someone you know, that used any of the recommendations in the video and discuss how effective the recommendations were. What are the lessons learned?