Strategy Manager

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KEY SKILLS

  • Project management skills

  • Ability to multitask

  • Mathematical and statistical knowledge

  • Quick decision-making skills

  • Excellent interpersonal and communication skills

  • Knowledge of various financial structures

  • Analytical skills

  • Organizational Skills

  • Marketing skills

  • Product development experience

  • Technical Skills

  • Conceptual Skills

  • Human or Interpersonal Skills

  • Planning

  • Communication

  • Decision-making

  • Delegation

  • Problem-solving

PROS

  • You get to plan a strategy for your company

  • You will find out quickly how good a manager you are by looking at the sales

  • The money is good

  • If you make good decisions, you can move up in the company quickly

CONS

  • Long working hours

  • It is difficult to maintain a work-life balance

  • Wrong decisions may negatively affect your career progress

  • Sometimes you have to make big decisions and it can mess up the relationship you have with the people around you

OPPORTUNITY TYPES

GOT WHAT IT TAKES?

  • Companies

  • Consultants

  • Agencies

  • You have an interest in supporting the development of the long-term organizational strategy

  • You like to conduct research and analyses of operational effectiveness, processes, stakeholders, etc.

  • You love aligning departmental goals, processes, and resource allocation with the organizational strategy

  • You can assess market trends and competitors

  • You know how to identify threats and opportunities

  • You know that you are presenting findings, projections, and recommended actions to companies

  • You love planning, implementing, and managing proposed recommendations and projects

KEY OPPORTUNITIES

Books

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Networking Groups

Interesting Facts about the career


A Vision or Strategic Vision sets out the aspirations for the future of a creative business or cultural enterprise. This Vision (or ‘Strategic Vision’) is the ‘dream’ of the future, a picture painted in words, which is intended to inspire people by appealing to the heart as well as the head. Shared Vision. It is important that the Vision is shared by everyone in the organization. This is especially the case for the top management, who may have very different and complementary skills but their Vision for the organization must be the same.  Leadership and Vision. One of the main roles of a leader is to articulate the Vision and inspire everyone in the enterprise to work towards the Vision.  Success. Every person and organisation wants to be successful. However, ‘Success’ can be defined in many different ways, so it is vital that the enterprise clearly defines Success in its own terms.  Internal Analysis. This is an objective assessment of the enterprise as it now is – a ‘reality check’.  PRIMEFACT Checklist. This checklist helps to undertake a systematic Internal Analysis by looking at nine aspects of an enterprise: People; Reputation; Intellectual Property; Market Information; Ethos; Finances; Agility; Collaborators; and Talents.  Strengths and Weaknesses. An Internal Analysis leads to an understanding of an organisation’s Strengths and Weaknesses. These are more usefully assessed in relation to competitors – see Competitive Advantage.  Characteristics - rather than Strengths and Weaknesses. When undertaking an Internal Analysis, it can be more useful simply to identify ‘facts’ or ‘characteristics’ rather than immediately decide if various elements of an organisation are either ‘Strengths’ or .Weaknesses’. This is because a characteristic (eg ‘international’, ‘small size’, ‘strong finances’) might be a strength in one context but a weakness in another. The aim is to find markets and situations in which an organisation’s Characteristics become Strengths.  External Analysis. This is an objective and comprehensive assessment of the changing world in which an organization operates. This external environment includes forces and changes beyond the control of the organisation.  PEST Analysis. This acronym suggests that we look in four dimensions when undertaking an External Analysis. Political, Economic, Social and Technological trends and forces should be assessed.  ICEDRIPS Analysis. Designed especially for creative and cultural enterprises, this is more comprehensive than PEST Analysis. It suggests looking in eight dimensions when undertaking an External Analysis. Innovation, Competitors, Economics, Demographics, Regulations, Infrastructure, Partners and Social trends should be assessed  Opportunities and Threats. An External Analysis using PEST or ICEDRIPS leads to the identification of particular Opportunities and Threats in the external environment that are relevant to each individual organisation.  SWOT Analysis. This is an assessment of the internal Strengths and Weaknesses and the external Opportunities and Threats for an enterprise, derived from an Internal Analysis and an External Analysis.  Strategic Planning focuses on combining an enterprise’s internal Strengths with external Opportunities.  Competitive Advantage. Strengths, Weaknesses, Opportunities and Threats need to be assessed in the context of competitors. If an enterprise is strong in a particular characteristic but rivals are even stronger, then it is a relative weakness. Similarly, a Weakness can become a relative Strength if rivals are even weaker. Opportunities and Threats can be assessed in the same way. So we need to identify relative Strengths, relative Weaknesses, relative Opportunities and relative Threats.  Strategic Marketing. In contrast to Operational Marketing (or Marketing Communications), Strategic Marketing looks first at the bigger picture of the markets around the enterprise. This leads to Strategic Marketing decisions about which markets to serve and which to deliberately avoid, based on the organisation’s Mission and Competitive Advantage.  Business Strategy. This is the enterprise’s ‘masterplan’ to get it from where it is now to where it wants to be – its Vision. It should use information from the SWOT Analysis and must take into account its Competitive Advantage and Strategic Marketing decisions.  Involvement. Ideally, everyone in the enterprise should be involved in some way in strategic planning. In this way everyone makes a contribution and has a sense of ‘ownership’ of the strategic plan.  A Business Formula relates to the fundamental business model of a creative enterprise – how it achieves its Vision in a competitive environment by using its Competitive Advantage and by choosing (and avoiding) particular markets using Strategic Marketing. When a realistic Business Formula is devised, it can then be expanded into a full Business Plan.  A Business Plan or Development Plan is the result of the strategic planning process, based on an enterprise’s Business Formula. The Business Plan is a document that sets out in detail exactly what the enterprise will do to achieve its goals and arrive at its Vision.

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