Question

Identify five (5) challenges associated with strategic management and briefly explain how each of the challenges can be tackled by the modern manager.

Answer 1

1. Poor goal setting: Strategic goals are widely complex and scattered that requires many resources to effectively allocate to different departments. The modern managers must ensure that the organization is adopting goal-setting methodology and the team has knowledge of individual and organizational goals collectively.

2. Lack of alignment: The modern manager must ensure that there is a clear understanding of who is going to do which task and in what time frame. alignment of responsibilities with that of goals is very important to overcome the challenge of alignment in strategic management.

3. Inability to track progress: Tracking the progress of the employees and activities is very essential for the evaluation of overall performance. Modern managers must use platforms such as Tanics, AchieveIt, or Rhythm Systems to track progress. A clear set of expectations, collaborations nd transparency realize higher efficiency as well as more results.

4. People not connected to the strategy: The managers should allow the employees to set their own rules and targets so that they can figure out what they are capable of doing. After that, the managers try to align individual goals with that of the strategic goals of the organization.

5. No measurements: The main challenge is how to measure the goal of the entire organization and the individuals as well. the managers must be focused on less to attain and accomplish more. Focus on depth rather than breath is more important to fix the measurable goals.