McKinsey’s 7-S Framework identified seven independent organizational factors that are needed to be managed by today’s managers. […]
A policy is a predetermined established guideline towards the attainment of accepted goals and objectives. Such guidelines facilitate properly designed efforts to accomplish the strategic intent. Policy is not a strategy or tactics. Strategy is a proposed course of action to exert a far-reaching impact on the ability of the enterprise to attain its goals. Strategy relates to means. [...]
Strategies are selected and implemented over time. But strategies being forward looking, designed to accomplish the objectives in future, it is necessary to enforce control over strategies. Image Source: lafrenchcom.fr […]