How to Manage in a Strategic Way?

Managing challenges in an organization is incredibly complex. However, the structure is always dynamic, and competitive where in, most managers must operate. In order to perform and survive well in such a challenging environment, managers across the organization must manage strategically. Also, managers at the top of the organization such as CEO — Steve Jobs at Apple create goals and formulate a smart strategy to achieve those goals. In order to further the objectives, the firm must efficiently devise the strategy, requiring managers at all levels of the organization to accomplish goals that contribute to the organization’s overall performance.
The rising globalization and the increased use of technology have also added to greater changes highlighting the significance of knowledge to organizational success. The importance put on the intellectual capital of the firm needs managers to make use of their portfolio of resources effectively.

Of primary significance are intangible resources including such as the employees and the firm’s reputation. Managers are responsible for building an organization’s capabilities and then leveraging them through a strategy designed to give it an advantage over its competitors. They often do this by developing more value for their clients than their competitors do.

Furthermore, managers are ideally responsible for creating strategies of the major units within the firm as well. Since people in the firm have to implement the strategy, managers must also emphasize on the human factor. Since they devise their strategies, they will encounter combating situations. Often this means managing multiple situations simultaneously and remaining flexible to adapt to changing conditions.
Managing follows a sequence of activities which the organization refers as plan, think, deliver and review. The managers start by developing and testing a smart strategy followed by planning for its execution.

Management teams also assemble to accomplish the goals established in the implementation map, followed by a evaluation of the results and planning for improvement. This procedure is based on the principle of Japanese hoshin kanri, or policy deployment.

Moreover, achieving an organization’s ambition requires that managers give themselves to always being vigilant to how they can advance and fortify strategies in advancing the organization’s vision. In conclusion, the dynamic competitive landscape entails extensive change. To become accustomed to this change, managers should be innovative and entrepreneurial, continuously searching for new opportunities.