Strategic transformation Flashcards
What are the objectives in the process?
Reduction of wak spots in the process of deriving goals for business units from top managemment strategies by: improving transparency (highlighting coherences between strategy, strategic objectives and measures)
improving communication (outline important strategy aspects to affected participants)
ensuring strategy implementation (continuous follow uo of measures and ratios in the management process)
Which steps are in the process?
Corporate Strategies –> Strategy Implementation and Execution:
Strategy Transformation: Deriving objectives and actions or business units (Strategy workshops & BSC used) –>Adapting objectives and action along the hierachy
–>
Budgeting –> Applying Performance Measurement (BSC used) –> Management Information System –> Structures, management systems, culture
