Strategy Review Flashcards

1
Q

Front

A

Back

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2
Q

What’s a strategy review?

A

Heartbeat of any strategic management processComing together and talking about the status of the goals and objectives making changes and correcting the course of the process at an interval of quarterly or monthlyThe strategic review is part of the strategic management process.

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3
Q

What’s the difference between strategy review and operation review

A

Operation review is are we working on the right stuff Strategy review is what are we working on? Simply put, anoperational reviewis an in-depth look at the big picture, addressing communication issues, operating procedures, profitability issues, and other factors that affect a business, making it unstable.Astrategy reviewmonitors progress of the company from a strategic level, making sure that the objectives are on track.Strategy Review MeetingsWaypoint level: “highways in the skyDepartment level conversation about what you’re working onReview of key performance indicators (KPIs) are we moving the dial; showing results?Operational Review Meetings “coming in for landing” ”Runway level:Keeping everyone in the loop on how your projects are going —High-level updates on your projects —are we on target?

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4
Q

<span>What are the vision statement types?</span>

A

I want to achieve 10 million numeric Competitive :out beat , be the bestSuperlative; no 1 or the best

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