success criteria; project definitions; strategic focus of projects
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Stephen C. Tweed has written: 'Strategic Focus' -- subject(s): Competition, Strategic planning
Strategic management helps businesses focus on the overall direction of the organization. When a business operates strategically, their manager's decisions are competitive.
Examples of strategic decisions might be to focus efforts on a new product or to increase production output.
Movement of U.S. forces and equipment to SPOEs and from SPOCs
Movement of U.S. forces and equipment to SPOEs and from SPOCs
Information systems that can gain strategic advantage are those that enable firms to differentiate their products/services, achieve cost leadership, or focus on niche markets. Operational information systems that focus on day-to-day transactions and decision-making typically do not provide strategic advantage.
Next Einstein Initiative
Strategic plans focus on advancing the business in its mission. It is what guides the business through its decisions and priorities. Operational plans focus on daily execution of the day to day functions. Often considered the business as usual stuff.
Operational themes are often confused with strategic themes. While operational themes focus on day-to-day activities and processes to optimize efficiency, strategic themes are broader in scope and align with long-term goals and direction of an organization. Strategic themes provide a framework for making strategic decisions and guide overall organizational strategy, while operational themes focus on the operational aspects of the organization.
Michael Dell, of Houston, Texas, was an undergraduate student at the University of Texas at Austin when he started a small business called "PC's Limited". It was so successful that he dropped out of college to focus on his business. He later named it "Dell Computer Corporation", which later became simply "Dell, Inc.". As of March, 2009, he is the 25th richest person in the world, with assets estimated at $12.3 billion. Dell computers have no relation to the Dell crosswords, horoscopes, or science fiction magazines! Those were named after George T. Delacorte, Jr.