Although there are countless books available on strategic
management, there are few, if any, that supply practical coverage
of strategic planning, execution, and measurement-until now.
Considering the entire value chain, this book covers the complete
process of strategic planning, execution, and measurement. Based on
three decades of field-tested experience, Strategic Planning,
Execution, and Measurement (SPEM): A Powerful Tool for CEOs
provides both a consultant's view and an entrepreneurial approach
to strategic planning, execution, and measurement. Walking you
through the process, it begins by defining world-class status,
visions, missions, business models, and value chains. Next, it
discusses the two most important prerequisites of strategic
planning and includes a questionnaire to help you evaluate
operations, systems, and structure in your organization. The book
provides a matrix of 25 parameters for assessing the status of your
organization that can help to pinpoint the perceptional gaps
between top executives and owners. It includes a strategy bank with
150 generic strategies in the five performance areas of business
and identifies methods for monitoring strategy execution that
provide early warning signals. It also introduces the
Entrepreneurial Score Card, a tool for improving the impact of
strategic planning and execution in your organization. Detailing
the structure and preparation process for the strategic plan, the
book illustrates the financial impact of strategy execution and
explains the various financial monitoring parameters used in the
performance cards of individual employees. It concludes by
describing an entrepreneurial approach to strategic planning and
with a comprehensive case study that illustrates the entire
strategy formulation process and its conversion into an annual
budget. This book is ideal for CEOs, CFOs, COOs, business owners,
heads of business verticals, heads of corporate planning or
strategy, functional heads, teachers, students, and practicing
consultants in the area of strategic planning.
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