STRATEGIC BUSINESS

ISSUES
NIZHEL V. PIMENTEL
COMMON AREAS OF STRATEGIC ISSUE

 Strategic Focus

 Strategic Competencies

 Culture modification/Organizational change

 Resource limitations

 Strategic alliances/acquisitions/mergers/joint ventures

• E-commerce products
APPROACHES FOR STRATEGIC ISSUE RESOLUTION
 Start the discussion with basics like definition of terms. This permits the team to start off on
the same foot and begins to define some of the scope of the issue before getting into the heat
of the discussion.

 Ask the question “what is at issue?” or “why is this an issue?”. In other words, define the
problem. An issue is often half resolved once a good definition is developed.

 Drive the discussion until either a decision has been reached or the additional steps needed to
make a later decision have been defined. A sense of future direction must be captured - either
in the form of a decision or a path to resolution.

 Define alternative solutions and record those on which there seems to be consensus.
Sometimes it is beneficial to let the discussion run to the tactical level because the team may
generate material that could be useful later as a possible Strategic Objective.

• Explore and evaluate, at least implicitly, the upside potential, the downside risk, the resource
consumption and the probabilities of success for the alternatives and select the best direction.
Seek to shortcut the process for time efficiency by identifying key factors that dominate all
others.
STRATEGY FORMULATION
NIZHEL V. PIMENTEL
STRATEGY FORMULATION

• is the process of establishing goals and determining the proper plan of action to achieve
those goals.

• Used to plan for success and make improvements to workplace strategies as needed.

• is essential for achieving and measuring the attainability of goals. After creating
strategies, an organization typically educates its employees so they know the
organization's purpose, workplace objectives and goals.
LEVELS OF STRATEGY FORMULATION

Corporate

Functiona
Business
l
STEPS

Develop a Establish Create

strategic organizational departmental
mission goals plans

Revise your Conduct a

Implement a
strategy as performance
plan of action
needed analysis
SMART GOAL
Specific

Measurable

Achievable

Relevant

Time-based
THANK YOU
NIZHEL V. PIMENTEL