The Five Managerial Phases

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The five managerial phases are: * Developing a strategic vision: It refers to what the company wants to create, the future image of the organization, implementing it with originality for it to be focused on the product, the client and the market, among others. This vision is created by the individual leading the company, and who has to evaluate and include in their analysis many of the aspirations of the agents that make up the organization, both internal and external. * Setting objectives: As the author of the book mentions, the objectives are based in the vision of the company, i.e. refers in convert such vision in multiples targets in order to achieve it, they must be measured and reported by month for example and thus to be able to find improvement areas in the company. * Crafting a strategy: As we discussed last week, implementing an strategy in a company consist in the competitive moves and business approaches that managers are employing to grow the business, attract and please customers, compete successfully, conduct operations, and achieve the targeted levels of organizational performance. (Thompson Strickland Gamble p. 6,37) * Implementing and executing the strategy: this phase consist in apply all the strategies, i.e. not only leave them in the planning also implement them, as it is the only way to improve and distinguish themselves as a company, all employees must be committed to carrying out all these activities in a systematic proposals for continuous improvement of the company. * Evaluating performance and initiating corrective adjustments: After planning and propose new strategies and goals as well as carry them out, the last phase is to measure each of them to find areas of opportunity and develop new measures for improvement. From my point of view every employee of the organization must participate in these five phases,

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