Welcome to the Industry Advisory Report on Strategy Development. This report captures the synopsis of the discussion and analysis held by the panel on Strategy Development at the LASSIB Society CXO Round Table Conference held in Hyderabad in 2012. The conference had six focused themes driven towards achieving organization excellence. These include:
- Risk Management
- Strategy Development
- Procurement and Vendor Management
- Quality Management
- Recruitment and Retention
All the above, including Strategy Development are key to achieving continuous excellence within any organization, be it a part of any business domain, geography or size. In this report we focus on the central views discussed by the panel towards the state of Strategy Development. The panel felt that there is a vital need for any organization to constantly look outside its current strategy and identify changes that can impact it. Strategy development is an art but needs the right kind of scientific tools coupled with right talent within the organization. It has to be a continuous and iterative process.
The exciting discussions and perspectives brought forward by a diversified set of CXOs indicates the current state of Strategy Development practices in the industry, along with the challenges, opportunities for improvement and expected trends in the coming years. As economies and industries across the globe face difficult times, these findings serve a critical purpose. These findings should be used not only by Strategy Developers to gauge their readiness for change, but also by CXOs across the organizations to know the best practices of the current industry and apply them or develop them further and add value to the end output being provided by them.
Please note that this report is the consolidation of the point of views of the panel in their individual capacity and is not endorsed by their respective organizations.
This report has been made possible by seamless support of the Panel Chair, Panel Chief Editor, Panel Members, the LASSIB Society team and 9Pixels as the media partner for LASSIB Society. We hope you find the report valuable and helpful when defining the direction of your quality improvement initiatives.