Results Driven Strategic Management Case Study

A. Results driven strategic management. First of all is important to inspect the concept of strategic planning, which is the constant planning, monitoring, examining and evaluating of all that is necessary aspects for an organization to meet its goals and objectives. Further, an entity is basically trying to set priorities, focusing the organization’s resources to reinforce its operations, bringing all stakeholders to work towards common objectives. Now that the strategic plan is implemented, I can introduce and adapt the concept of results-driven. Here, performance is the main idea and it needs to be measure to make sure that those strategic plans are working, that those resources are being used correctly. Money is expended but how do we know if those resources are well implemented.

B. The book explains three main concepts:

1. Strategic planning: The idea here is to identify goals and objectives. Basically make the plan that can work based on the company’s goals.

2.

⎫ Form performance measurement to performance management: performance measurement denotes to the collection and reporting of performance information; performance management entails the use of performance information and adequate managerial discretion in decision making. Here, one can understand that the use of that data is the most important, what is working or not, and to learn how to use that information and to better allocate those available resources.

⎫ Strategic management and performance management should be linked in reciprocating fashion. The two should work together, having a better integration. Strategic management is about the future, performance measurement, and performance management is about what is happening right now. We need to combine those concepts to make decisions that can affect both the present and the