KBAM's Strategy & other strategies
Preparing for our presentation, we realized that we were concentrating on the KBAM strategy, while in real life, companies have plenty of othe rstrategies to follow.
So there's a real challenge here to align the multiple strategies of a company to the overall strategy. It will be very interesting to see how each companies really combine their strategies, and how they prioritize one or the other.
In the end, how important will KBAM be for an organization to prioritize? Sure that the strategy is convincing and can be used, but how well will it be implemented, or how soon will it be used once the strategy is introduced will be interesnted. How often do they see the importance of the strategy?
I would be very interested to see in the end how the strategies are prioritized adn applied.
2 comments by 2 or more people
I think depends the size of the organization they will have a lot of strategies for every department but I think they will have an overall strategy based on the way of where the company wants to be after 5 or 10 years…in the same way every function has different strategy as to implement exactly what they want to do..as example the production department will have different strategy from the HR department but not with different values and goals….because the organization is as a system and needs to operate like a whole organization and not as individual parts…so as the size of the companies increase..the responsibilities of every leader and member increased..because they have to combine their part(department) strategy with the overall stategy and to align for the same scope..I assume that it is difficult…but what about for a SME…maybe there it is more important to follow strategies and not to do what they believe without strategies…as we learn the most difficult is the reflection of our knowledge and the implementation of these…we need to have courage and trust in ourself and in our colleagues !
12 Jun 2014, 23:15
I was reading an article about having more than one strategies in the organization. For instance, Singapore Airlines has two strategies which are offering world-class service and being a cost leader. I know it sounds weird, but it is. So Singapore Airlines performs every operation by taking both strategies into account. Although both strategies are conflicting each other, they are performing it well, and they are one of the most successful airlines in the aviation sector. According to most of the management experts like Michael Porter, it was impossible to do so for a sustained period since dual strategies entail contradictory investments and organizational processes.
12 Jun 2014, 23:43
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