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  • How The Closed Loop Management A System Links Strategy and Operations

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    The document describes a 5-stage closed-loop management system that links strategy and operations. The system begins with developing a strategy statement which is then translated into objectives and initiatives in a strategic plan. Operational plans and resources are mapped based on the strategic plan. Managers execute the strategic and operational plans while monitoring results and data to see if the strategy is succeeding. The strategy is periodically reassessed and updated if assumptions are found to be out-of-date or faulty, closing the loop.

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    How the Closed Loop Management A System Links Strategy and Operations

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    The document describes a 5-stage closed-loop management system that links strategy and operations. The system begins with developing a strategy statement which is then translated into objectives and initiatives in a strategic plan. Operational plans and resources are mapped based on the strategic plan. Managers execute the strategic and operational plans while monitoring results and data to see if the strategy is succeeding. The strategy is periodically reassessed and updated if assumptions are found to be out-of-date or faulty, closing the loop.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as DOCX or read online from Scribd
    Flag for inappropriate content
    1K views1 page

    How The Closed Loop Management A System Links Strategy and Operations

    Uploaded by

    vangelis
    The document describes a 5-stage closed-loop management system that links strategy and operations. The system begins with developing a strategy statement which is then translated into objectives and initiatives in a strategic plan. Operational plans and resources are mapped based on the strategic plan. Managers execute the strategic and operational plans while monitoring results and data to see if the strategy is succeeding. The strategy is periodically reassessed and updated if assumptions are found to be out-of-date or faulty, closing the loop.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as DOCX or read online from Scribd
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    How the Closed-Loop Management System Links

    Strategy and Operations


    Most companies’ underperformance is due to breakdowns between strategy and operations. This
    diagram describes how to forge tight links between them in a five-stage system. A company begins by
    developing a strategy statement and then translates it into the specific objectives and initiatives of a
    strategic plan. Using the strategic plan as a guide, the company maps out the operational plans and
    resources needed to achieve its objectives. As managers execute the strategic and operational plans,
    they continually monitor and learn from internal results and external data on competitors and the
    business environment to see if the strategy is succeeding. Finally, they periodically reassess the
    strategy, updating it if they learn that the assumptions underlying it are out-of-date or faulty, starting
    another loop around the system.

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